A new apartment development will offer a fresh architectural change in a well-established area of Perth, and could provide plenty of opportunities for property buyers and investors alike.
The six-level apartment block in Mount Street near King's Park will offer a mix of traditional owner-occupied residential living, as well as several serviced apartments, which will meet the accommodation needs of those who are staying in the area for the short to medium term.
Of course, this type of multi-use residential complex is not without its share of challenges – the developer and the local authority are working together to ensure that a plan is in place to manage guest check-ins, control noise and ensure the security of residents, guests and occasional visitors.
"The council recognised the need to ensure a high standard development which complements the streetscape and historic residential character of the area," said Perth deputy lord mayor Janet Davidson.
She added that Mount Street is a long established area of the city and that the new complex will provide plenty of fresh architectural perspective for residents.
This type of apartment complex can appeal to a wide range of buyers, depending on their circumstances. Property investment loans, for example, can help you purchase a unit that can be leased to tenants – whether you prefer short-term or long-term occupants – while first home loan options also exist to assist you in stepping onto the property ladder for the first time.
Whatever your circumstances, it is important to think your options through carefully, and to choose the right home loan for your needs. Your mortgage broker can help you weigh up your choices and offer insight into which selection works best for you.
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