5th August 2020.
WA’s post-lockdown economic confidence has been further buoyed by the sales launch of another South Perth skyscraper — 28 Lyall.
The 37-level tower will include 98 apartments and is set to go in direct competition with the recently launched Civic Heart complex by developer Finbar, which will have 309 apartments.
But the combined 407 apartments from the two complexes are only the start of the new units set for South Perth, with a raft of developments approvals likely to keep construction going for years to come.
Edge Living’s Lumiere apartment block in South Perth will include about 95 apartments. Executive director Gavin Hawkins said he was confident of moving to the sales launch later this year, and commencing construction next year.
Developer Dragon Century has approval for 118 apartments in a 28- storey tower on Lyall Street and Melville Parade, though it is uncertain whether it will undertake the project itself or sell it to another party. The upmarket development at 8 Parker Street, which has 25 apartments, has all but sold out.
Another proposed tower, known as Sky Residences, is approved for more than 100 units, taking the total number of upcoming apartments in South Perth to about 750.
These upcoming projects add to Aurelia, Pinnacles and Reva, which have already delivered more than 250 apartments in the precinct in recent years.
Director of consulting group Urbis, David Cresp, said 1000 apartments were likely to find owners because there was a lot of pent-up demand for apartments in South Perth.
He said there were fears during the pandemic lockdown that people would turn their backs on apartments, but it had not proved true.
“The general view is that in a difficult period, the apartment market has held up well,” he said. “It’s not an easy market, but it’s not easy for most sectors.”
Sirona’s Lyall Street complex was designed by Sydney-based architect Philip Vivian, a Perth native and director of the renowned Australian architecture firm Bates Smart.
It includes inset balconies on the north side of the tower, with windows opening from an indoor courtyard, which avoids overheating and wind.