Momentum Wealth secures iconic Crawley development site

Momentum Wealth

• Momentum Wealth has acquired an iconic development site on the riverfront in Crawley

• It will be the first development in that area in over a decade
• Plans to develop a boutique luxury apartment building that harnesses the unique and iconic location
Local developer Momentum Wealth has acquired a landmark development site on the riverfront in Crawley, as they look set to capitalise on investor interest in the apartment market within the western suburbs.
Situated along the riverfront on 20 Mounts Bay Road, opposite the world-famous Blue Boat Shed, the site offers strong appeal to buyers as it will be the first development in the area in over 10 years.
Momentum Wealth plans to develop 8 boutique apartments which will benefit from large outdoor living areas that capture the stunning river vista.
The western suburbs apartment market has experienced strong demand in recent times, and this well-positioned development will provide modern and sophisticated living for residents.
Philip Anderson, Head of Development at Momentum Wealth, said the acquisition will provide a landmark development within the tightly held enclave of Crawley.
“This development fills a gap in the local market and continues our strategy of building high-end exclusive projects in Perth’s premier suburbs.”
“That pocket of Crawley is an established apartment market with an older, more affluent owner-occupier demographic which makes it perfectly suited to an iconic development of this nature,” he said.
The latest acquisition forms one of five recent purchases in Perth’s exclusive western suburbs by Momentum Wealth’s development team, who recently contracted two development sites in Dalkeith, as well as Shenton Park and Trigg.
/Public Release.