Looking for Perth apartments? It’s time to study Crawley, the latest hotspot-in-waiting
Unless you’ve been living under a rock, you’ll know now is the best time to invest in Perth property since 2013.
All the signs are there. Low interest rates, affordable property prices, stabilising median rents. This is supported by REIWA’s latest Buy-Rent Index, which suggests if median Perth property prices rise by 2.9 per cent every year over the next decade, buying will be more viable than renting. And when you consider Perth’s annual house price growth rate has been 5.9% for the last 15 years, it’s easy to see why Perth property investors are rubbing their hands together.
In times like this, it pays to have your finger on the pulse when it comes to spotting those elusive prime property investment opportunities that fly under the radar. That’s why you might want to learn a thing or two about Crawley, Perth’s resurgent hotspot home to all new apartments for sale.
Crawley is an exclusive yet little known suburb nestled on the banks of the picturesque Swan River, with a modest population of just 3,106 residents. Those fortunate few, lucky enough to enjoy this rare locale are treated to stunning views across the Swan River to the Perth City skyline and beyond to the Darling Scarp. And with the state's oldest university, the University of Western Australia, as Crawley’s prized people-pulling asset, this is definitely a suburb more property investors should be paying attention to. Learn more now
Crawley is evolving
Residing in prime position amidst the dazzling mansions, ritzy café strips and shady tree-lined streets of prestigious western suburbs like Nedlands, Dalkeith and Shenton Park, Crawley enjoys a median house price of $1,188,443 and rental property prices of $708 a week. Yet thanks to its close proximity to UWA and the Perth CBD, demand for more affordable apartments for sale to accommodate students and modern inner city lifestylers continues to surge. Just three houses sold in 2017, compared to 32 units at a median price of $507,909. With 45.1% of residents now represented by independent youth, savvy developers are pouncing to meet the needs of this modern demographic with a range of new apartments for sale.
Crawley is popular with renters
As WA’s oldest and most prestigious university, the University of Western Australia
generates strong rental property demand in Crawley from both national and international students. The existing stock of older units in Crawley rented out at $380 on average, with a 3.88% rental return. And as demand for convenient inner city living options like apartments continues to soar, Crawley is sure to attract a new breed of residents looking for a lifestyle of luxury and natural beauty, from bachelors to downsizers and modern ‘lock and leavers’.
Crawley offers the best of both worlds
Crawley hits the sweet spot of the desirable lifestyle crossover; close enough to the hustle and bustle of the CBD while still tucked away in nature’s playground. From picnicking on the shady banks of Matilda Bay, to bike riding along the foreshore, sailing across the Swan or catching up with friends atop Kings Park, Crawley offers a quintessential river lifestyle. You’ve also got trendy bars and eateries on your doorstep like Little Way
, Jo Jo’s, Steve’s
, Varsity Bar
, Matilda Bay Restaurant
and The Old Brewery
. With Claremont Quarter
within easy reach and Perth City’s upmarket West End precinct just an Uber ride away, Crawley ticks all the boxes.
Looking for apartments for sale in Perth? Come home to AVIVA on Broadway
Crawley’s idyllic riverside scene comes alive at AVIVA on Broadway. Featuring 29 boutique apartments for sale on the doorstep of the Swan River and UWA precinct, AVIVA leaves you perfectly placed to make the most of an enviable lifestyle.
This is your chance to secure a prime Perth property investment opportunity, with a range of different apartments for sale in different floor plan configurations for those keen to be part of Crawley’s resurgence. Bachelors will love Apartment 102, a compact 74sqm design offering a large bedroom matched with stylish living, dining and kitchen spaces and a huge balcony to soak in Crawley’s stunning surrounds. Or for those looking to downsize to a spacious ‘lock and leave’ residence, you can’t go past Apartment 203. Cleverly incorporating a guest bedroom and second bathroom to match a master suite complete with walk-in robe, as well as open plan living and balcony with storeroom, this future-minded residence captures AVIVA’s trailblazing lifestyle allure.
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