New West Perth Apartment Development Unveiled – Eligible for the State Government’s New 75% Transfer Duty Rebate
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A new apartment development in West Perth has been unveiled by developer Aria Land with West Quarter forecast to start construction next year.
The development will be one of the first eligible for the State Government’s new 75% transfer duty rebate of up to $50,000. The rebate will benefit purchasers of new, multi-tiered residential apartments that have not yet started construction, so long as they sign pre-construction contracts.
Leading residential agency, Knight Frank, has been appointed as the exclusive selling agent to bring the 60 apartments to the market and has started taking registrations of interest.
Located on Colin Street in the ‘village heart’ of West Perth, West Quarter has been designed by multi-award-winning architects HASSELL and promises to be a stunning, 14 level residential oasis within walking distance of the Perth CBD.
The development has been specifically tailored to stand out in the marketplace and appeal to buyers looking for larger apartments but within a smaller development. Due to the boutique nature of West Quarter, there are only four apartments per floor in the tower and only six apartments per floor in the podium.
With an entry price of $479,000 there are a variety of apartment configurations on offer including a one-bedroom residence with a separate study, two bedroom/one bathroom (with or without study), three-bedroom residences and two spectacular penthouses. The smallest one-bedroom apartment alone extends to 63 sqm of internal strata living plus a 35 sqm terrace area. A particular feature of the 18 apartments on the podium levels is that most have a large terrace area, ranging from 24 sqm to 94 sqm.
Knight Frank Malaysia’s Associate Director of International Residential Project Marketing, Dominic Heaton-Watson, said West Quarter would be consistent in terms of the high quality delivered in other Aria Land projects, such as Freshwater in Claremont. Aria Land was also the Development Manager for Echelon in South Perth and Ten Bellevue in West Perth which was awarded the HIA’s 2018 Australian and Western Australian Apartment of the Year.
“In addition to the quality of its developments’ design and construction, Aria Land always selects the most enviable locations for its residential developments and this is no exception,” Heaton-Watson said. West Quarter benefits from the proximity to an abundance of lifestyle amenities that West Perth, Subiaco and the CBD offers. West Perth also offers excellent public transport; West Quarter is on the route of the free CAT bus service to the CBD and a few minutes’ walk from the West Perth train station. The location further benefits from being easy walking distance to King’s Park and the CBD is served by the Hay St retail and café strip, and a fantastic range of nearby F & B options.
Perth Modern School is situated only 700 m from the development and the brand-new Bob Hawke College, which opens next year, is less than 1.5 kms away. University of Western Australia (UWA) and the Children’s Hospital are also less than 5 kms from West Quarter.
Heaton-Watson said the new transfer duty rebate was another bonus for West Quarter and was available for multiple rebates by the same applicant for additional apartment purchases within the same development – very positive news for our Knight Frank overseas property investment community of clients.