· Momentum Wealth has secured development approval for their iconic site on the riverfront in Crawley
· The project will be the first development in the area in over a decade
· Momentum Wealth is looking to address growing demand amongst the downsizer market in Perth’s western suburbs
Momentum Wealth has successfully secured development approval from the City of Perth for their latest syndicated project in Crawley.
Situated along the riverfront on 20 Mounts Bay Road, close to the world-famous Blue Boat Shed, the proposed development has received strong interest from buyers, and it will be the first development in the area in over a decade.
Philip Anderson, Head of Development at Momentum Wealth, said the acquisition will help breathe new life into this area of Crawley.
“This pocket of Crawley is an established apartment market that hasn’t seen new development activity in over 10 years and this project will help rejuvenate the local area.”
Momentum Wealth has partnered with leading Perth architect MJA Studio to help design the eight boutique apartments, each taking up an entire floor and all benefiting from large outdoor living areas and sweeping views of the Swan River.
The western suburbs apartment market has experienced rising demand in recent times, and this well-positioned luxury development will provide modern and sophisticated living for residents.
“The western suburbs are characterised by an older, more affluent demographic and this development will help to fill a gap in the local market amongst owner-occupiers who are looking to downsize without compromising on quality,” Mr Anderson said.
The Crawley development is one of four projects that Momentum Wealth is undertaking in the western suburbs and joins a development portfolio that includes two townhouse projects in Dalkeith and a large apartment complex in Shenton Park.’