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$44m in sales at The Peninsula

SALES of luxury apartments show no signs of slowing in Perth, with 26 penthouse-style apartments valued at between $1.28 million and $2.48 million selling within three hours last week at Mirvac Fini’s ‘The Peninsula’ Burswood residential development. The boutique style mid-rise apartments at ‘The Fairway’ were sold off the plan for a total of $44 million. More than 120 people submitted a $2,500 ‘registration of interest’ to take part in the release. Apartments range in size up to 321 square metres and buyers had a choice of two- and three-bedroom designs, including an entertainment area and study nook. The Fairway development will feature six apartments per floor and three elevators will service the building. Mirvac Fini chief executive Adrian Fini said the quality and location of the The Fairway, combined with current positive conditions within the property market, ensured the apartments were always going to be in high demand. “The Fairway will sit in a first-class location within the peninsula and the purchasers, who were predominantly owner occupiers, will have stunning views of the golf course, river and city,” Mr Fini said. Once complete, The Peninsula project will be home to nearly 3,000 residents and will include a mix of apartments, houses, terraced homes and retail surrounded by 2.5 hectares of landscaped parklands. Later this year, the company will release ‘Aurora’, its fourth high-rise apartment building out of seven planned for The Peninsula, as well as finishing construction of the next stage of its courtyard housing.

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