IT is an exciting time for the Claremont market, according to Bellcourt Property Group director Kirk Bellerby.
“The launch of several apartment projects in the $450,000 to $750,000 price range is providing great opportunities for buyers,” he said.
“We’re currently marketing the Mirvac Reserve development as well as a new boutique development of one-bedroom, one-bathroom apartments in Claremont, and we’re anticipating strong interest as the area hasn’t had many affordable, quality options previously.
“Our database is appreciating the stock we are able to offer them, something that is off-the-plan or recently completed, as previously they could choose only from post-war apartments or 1980s developments.”
With its proximity to the beach and river, and the recently upgraded amenities, Claremont is a popular area and Mr Bellerby said new apartments were proving very attractive to young professionals and downsizers alike.
“Typically people buy within about a 5km radius of their principal place of residence and we are seeing a lot of downsizers from Claremont and Dalkeith buying three-bedroom, two-bathroom apartments to move in to, or they are buying investments for their kids,” he said.
“People might want to change their house size but they want to stay in the area they know and love, and they are taking advantage of the opportunities that are now available.
“Young professionals also appreciate being able to stay in the area they grew up in and being close to family, friends and the lifestyle they enjoy.”
Bellcourt recently opened a new office, Bellcourt Special Projects, to assist owners with buying off-the-plan.
It is at 103 Waratah Avenue, Dalkeith, and Mr Bellcourt said it was gaining momentum.
“There is a good synergy having agents who understand selling established properties working with developers who are selling off-the-plan,” he said.
“We see a lot of people who are looking to downsize and can give them a potential idea of what they could receive for their current property, which is very useful when they are considering buying something that they can’t see or touch.
“One of our other companies, Bellcourt Strata, manages close to 5000 lots across WA, so we also have a thorough understanding of strata and what is involved in buying strata property.” n