Riverside Investment Opportunity
Don’t miss out on this unique investment opportunity in one of Perth’s most sought-after riverside suburbs.
Invest In Mount Pleasant
Nestled in Mount Pleasant on the Canning River, The Precinct is is an attractive quality development for property investors and owner occupiers located within 1km of the $235 million City of Melville Canning Bridge redevelopment, The Canning Bridge Precinct.
- High owner occupier ratio within the development, which has shown to preserve capital values and generate higher rental income.
- Low Strata Fees thanks to the use of technology within the building and the overall quality build of the development.
- High rental demand in Mount Pleasant, Applecross and the Canning Bridge Precinct.
Mount Pleasant is a sought after residential suburb. The proximity to the CBD and the river, and the easy access to roads and public transport links, make it a location of choice for professionals, singles, families, and couples of all ages.
FIRB Pre-Approved
The Precinct at Mount Pleasant has received Foreign Investment Review Board pre-approval by the Australian Government.
This means that a foreign investor can purchase an apartment in the heart of the Canning Bridge Precinct Applecross area with the confidence that FIRB Approval is pre-approved. This also saves the buyer the FIRB application fee. FIRB additional stamp duty fee still applies.
Does An Apartment Make A Good Investment?
Here’s a list of benefits for you to consider investing in a brand new apartment at The Precinct:
- No renovations are required.
- The apartments come under the Strata Titles Act and a Strata company takes care of the maintenance of the building. This also means the cost of maintenance is shared between all owners.
- The Precinct is in a premium location close to the city, public transport, universities, schools and, outdoor recreation within walking distance.
- Your entire investment is tax deductible.
Rental Demand
Apartment rentals in Mount Pleasant have an average rental yield of 5.1%.
The rental demand in the area is steady, thanks to the many benefits this strategic south of the river location offers:
- Close proximity to the CBD.
- Well connected via public transport and state routes.
- Riverside location with easy access to outdoor recreation.
- Quality shopping options nearby, as well as cafés, restaurants, and bars.
*www.realestate.com.au – December 2023
Rental Demand in The Area
Apartment rentals in Mount Pleasant have an average rental yield of 4.7%.
The rental demand in the area is very high, thanks to the many benefits this strategic south-of-river location offers:
- Proximity to the CBD.
- Well-connected via public transport and state routes.
- Riverside location with easy access to outdoor recreations.
- Plenty of shopping options nearby, as well as cafés, restaurants, and bars.
*www.realestate.com.au – November 2022
Enquire Today
Contact us today to learn more about the apartments still available at The Precinct.
View The Apartments In Person
893 Canning Highway, Mount Pleasant, WA 6153
Visitor Parking: Follow the Laneway off 19 Ogilvie Rd, Mt Pleasant
Monday to Friday: 8.30am – 5:00pm
(by appointment)
Saturday: 11:00am – 1:00pm