Momentum Wealth is excited to announce that we have acquired a landmark development site on the riverfront in Crawley. The iconic site forms the latest addition in our residential development funds portfolio as we continue to satisfy investor demand for high-end apartments within the western suburbs.
Situated along the riverfront on 20 Mounts Bay Road, opposite the world-famous Blue Boat Shed, the site offers strong appeal to buyers and will be the first development in the area in over 10 years.
Our internal development team plans to build eight boutique apartments on the site which will benefit from large outdoor living areas that capture the stunning river vista.
The western suburbs apartment market has experienced strong demand in recent times, and this well-positioned development will provide modern and sophisticated living for residents.
Philip Anderson, Head of Development at Momentum Wealth, said the acquisition will provide a landmark development within the tightly held enclave of Crawley.
“This development fills a gap in the local market and continues our strategy of building high-end exclusive projects in Perth’s premier suburbs.”
“That pocket of Crawley is an established apartment market with an older, more affluent owner-occupier demographic which makes it perfectly suited to an iconic development of this nature,” he said.
The latest acquisition forms one of five recent purchases in Perth’s exclusive western suburbs by our development team, and it accompanies two recently contracted development sites in Dalkeith, as well as Shenton Park and Trigg projects.