All the makings of an ideal location

The City of Melville’s Booragoon has received five new townhouses to accommodate the downsizers market.

The premium homes have been delivered by property investment consultancy Momentum Wealth and custom homebuilder Webb & Brown-Neaves on a 745sqm corner site on Neesham Street.

Momentum Wealth Head of Development Philip Anderson said Neesham Street was chosen for its proximity to shopping destination Westfield Booragoon, while the wider suburb was picked for its promising growth markers.

He said the shopping complex alone would provide one of several key catalysts for a sprouting local market.

“Our team identified Booragoon as a suburb with a lot of growth characteristics, including high demand, low levels of oncoming supply, fantastic local amenity and strong rental prospects,” Mr Anderson said. “The townhouses are located within walking distance of Westfield Booragoon, yet the quiet and secluded suburban location opposite natural bushland offers residents privacy and tranquility.”

Booragoon is also set to attract buyers for its proximity to the Perth CBD, its links to major transport corridors Canning Highway, Leach Highway and the Kwinana Freeway, as well as its closeness to the Swan River.

The project comprised a three-bedroom, two-bathroom configuration across each townhouse, with an average lot size of 149sqm and total build area between 160-170sqm.

The properties have been designed to appeal to Booragoon’s affluent and ageing demographic which, according to the Australian Bureau of Statistics’ 2016 Census, includes median household incomes four per cent above the Western Australian average.

Originally forecast with an approximate $740,000 property value per townhouse, Perth’s runaway market has seen estimates jump to between $750,000 and $780,000.

Mr Anderson said there was considerable demand for medium-density developments which were favourable conditions for project investors.

“For investors who wish to sell their townhouse, the timing of the market will see them realise a strong return on investment, while investors choosing to hold onto their property will realise a strong rental return, as well as the depreciation benefits of a new build,” he said.

Momentum Wealth’s partnership with Webb & Brown-Neaves has seen the five townhouses built with unapologetic character, showstopping kerbside appeal and front elevations oozing contemporary industrial flair.

Inside, the designs show homes that maintain its exterior aesthetic, but takes a much softer approach with snow white walls and warm wooden floors.

Webb & Brown-Neaves Operations and Developments Manager David Davies said the homes were awash with premium features, including stone benchtops, tiled porcelain floors, quality wool carpets, LED lighting and stainless steel kitchen appliances.

“These townhouses showcase a contemporary design approach that is perfect for the inner suburban lifestyle,” he said. “It is complemented with a juxtaposition of tactile facade materials and an interior that has a fresh and neutral-coloured palette that is a unique contrast to the external features.”

Webb & Brown-Neaves contribution to the Booragoon build was delivered in conjunction with Pulse Property Solutions, a property development group with a portfolio of townhouses. Most notable are its Ord Street and Robinson Street projects in Nedlands, which saw the construction of three double-storey townhouses.

CONTACT Webb & Brown-Neaves, 9208 9000, www.wbhomes.com.au