Demand still strong in East Perth

EAST Perth continues to experience strong demand for apartments with major successes for developers like the Fini Group, according to Colliers Jardine.

Colliers Jardine research manager David Cresp said there were only a few group residential sites remaining in the East Perth redevelopment area and developers were starting to look at other areas to acquire larger development sites.

Terrace Road is tipped to be one location in East Perth set to receive increased attention, with few sites now available in the traditional locations of South Perth, Crawley or East Perth, Mr Cresp said.

“Over the next five years Terrace Road is likely to become one of Perth’s hottest locations for luxury apartments, with the recent launch of the first new development along Terrace Road for almost twenty years – the Fini Group’s Panorama Apartments,” he said.