Research released by Urbis this week has demonstrated that the first quarter of 2018 recorded an 18% jump in apartment sales compared to Q4 2017, representing $280 million in value.
Second on the list, for
Overall Norup Wilson recorded $40 million in sales for the quarter across its three projects including The Crest and The Precinct.
“When you see that demand for apartments has risen by nearly 20% in one quarter and that in some instances, prices have been increased, then all the signs demonstrate that the market is regaining confidence and momentum,”
“Furthermore, Government Royalty revenue grew by 28% in 2017 compared to 2016
The Beach Shack is located adjacent to Scarborough beach and is now 42% presold, with construction expected to commence in Q4 - 2018. The Crest in Burswood is already at 18 stories with completion planned for early 2019 and The Precinct in Mt Pleasant, which commenced construction this month, will be completed by early 2020.
“All three of our projects have ocean or river views, are located in areas undergoing
“It’s this combination that we believe our more astute buyers are
** Source Deloitte WA Economic Outlook April 2018