South Perth may be seeing an additional 56 dwelling units worth $60m after apartment developer Finbar Group announced its plans to construct a 21-storey complex in the area last week.
The developer has confirmed its acquisition of a property that stretches 1,782 square metres at 5-7 Harper Terrace. The site currently has 14 individual strata titled apartments.
Finbar is eyeing to demolish these existing 1970s apartments to give way to the planned luxury apartments, ground level retail sections and a one-level office space.
Finbar expects construction to begin in early 2017.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan