Blueways Group and Aria Land see diverse buyer mix at new Como apartments, Henley Rise

Henley Rise is one of the latest projects from Blueways Group, who has teamed up with Aria Land to deliver a contemporary project in the leafy riverside suburb of Como.

Property prices are experiencing strong growth in Perth, with forecasts suggesting there are further gains expected over the next few years.

Henley Rise is expected to start construction later this year, therefore giving buyers the opportunity to secure their brand new apartment with a discounted 50 per cent stamp duty concession, in line with the government's initiatives for buyers to secure their apartment before the build gets underway.

It's expected those purchasing apartments off the plan will benefit in the long-term, with a combination of both forecasted price growth and no mortgage repayments until completion, which for Henley Rise is forecast by late 2023.

Apartment prices start from just $439,000 at Henley Rise.

The two-tower Henley Rise offers a mix of one, two and three-bedroom apartments, all designed to take advantage of its peaceful riverside location, as well as being future-proofed with highly sustainable design initiatives.

Perth is becoming an attractive proposition again for property investors, with the city currently experiencing a period of one of the lowest rental vacancies. This low has resulted in not only pushing people into buying property, meaning less housing stock on the market, but also an increased investor appetite, given the heightened likelihood of comfortably securing a tenant on a high yield.

The Real Estate Institute of Western Australia has predicted median rent prices will increase between 10 and 15 per cent in 2022.

“Tenant demand will remain high in 2022, which will see rents continue to rise. Despite this, the Perth rental market is still very affordable, with WA tenants enjoying the cheapest rental market conditions in the country,” said Real Estate Institute of WA President, Damian Collins.

The shift out of lockdown from the COVID-19 pandemic and with borders re-opening will also continue to create large numbers of interstate interest and international migration, with Aria Land Managing Director, Paul Simpson suggesting now is the perfect time to buy into the market.

“Construction prices have and will continue to rise so those looking to get into the market should consider buying now to protect yourself against future price rises," said Simpson.

"This works in a few ways though, because with the foreseen rises, buyers can reap the benefits as their new home grows in value."

Blueways recently launched the Southern Tower in Henley Rise, adding another 60 apartments, including three penthouses.

Henley Rise is the group’s biggest project to date, totalling 111 apartments, with the residences focussed at catering to all buyer types including first home buyers, investors, upgraders, and down sizers.