Build Your Property Portfolio in South Perth

Wrapped in the bends of the Swan River and less than four kilometres from the CBD, South Perth’s stunning location and convenience are key attractions for this high demand property market.

A growing number of apartments in the suburb are attracting professionals and students to the proximity of the CBD and the low maintenance lifestyle of apartment living, positively affecting prices and availability.

Developers Devwest and Architects MJA Studio have intelligently and sustainably designed this One Richardson development, to help futureproof your investment and look after our beautiful environment. Modern and elegant one-to-four-bedroom apartments in South Perth’s most unique address, it’s about as close to the CBD as you can live without being in it.

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Rental Market

Older couples and families have enjoyed this affluent riverside neighbourhood, with several distinguished private schools nearby, considerable foreshore parkland and the Perth Zoo among the other attractions of this picturesque suburb. UWA is less than 10 minutes away. As of 2020, REIWA reports that 43.8% of properties in the suburb were being rented which suggests a very strong demand for tenants in South Perth.

With a large quantity of aged established complexes, rented units average $430 per week with a rental yield of 4.8%. That’s a 7.5% rental return growth in the past 12 months.

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Growth Rates

Median property prices over the last year in South Perth hit an impressive $1,425,000 for houses and $547,000 for units, according to realestate.com.au. South Perth has experienced an overall 15.4% annual compounding growth rate, with units seeing a 10.4% annual growth rate.

You can purchase a one-bedroom apartment at One Richardson from only $480,000, means that you’re able to secure into this esteemed suburb well below median values, while benefiting from the location lifestyle amenities that will impact demand in the area. These are the factors that positively impact growth rate potential, while the suburb attractions increase your tenant pool creating more demand for your investment.

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Transport

One Richardson is conveniently situated close to the Kwinana Freeway, serviced with public transport options making the Perth CBD easily accessible. If not the bus network, or the short 3.9km drive, a picturesque and popular means is to travel by ferry between South Perth’s Mends Street Jetty, across the Swan River to Elizabeth Quay.

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Major New Infrastructure Spending

The proposed South Perth Railway Station will be positioned less than a hundred metres from One Richardson. Intended to make the suburb and particularly the zoo more accessible, it will improve your tenant’s ability to transit directly into the Perth CBD.

The new ECU City Campus in the inner-city part of Perth is expected to be completed in 2025, drawing 9,000 new students and staff when it opens, in a $700 million dollar project that will reinvigorate Perth’s arts scene and the night-time economy.

Over 50% of Apartments Sold Already

Secure your luxury apartment today or expand your investment portfolio. With South Perth's rental vacancy rate sitting below 2%, the demand for rental housing in the area is high.

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ABN: 30 217 891 736

A project by Devwest | devwest.com.au