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 and 31.4% were owned outright.

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Yields, Growth & Vacancy Rates

Median property prices over the last year in South Perth hit an impressive $1,375,000 for houses and $540,000 for units, according to With a large quantity of aged established complexes, rented units average $395 per week with a rental yield of 3.8%. There is only a 1.86% vacancy rate according to Real Estate Investar.

You can purchase a one-bedroom apartment at One Richardson from only $390,000, which means that while you are paying less for an apartment, your tenants will still have the same access to the suburb and lifestyle they would in a house. The ratio of rent you can get vs the price you paid for the residence also increases.

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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.

100% Off Stamp Duty Offer *

For a limited time only, you will pay no stamp duty * when you purchase an apartment at One Richardson. Contact us now to find out more!

With breathtaking views during day or night, One Richardson will always attract good quality buyers and tenants.

Secure Your Investment in One of Perth’s Most in Demand Suburbs.

*Terms and conditions apply. This offer is only valid for eligible buyers of specific apartments and applies to the next five (5) sales only. Contact us to learn more.

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ABN: 30 217 891 736

A project by Devwest |