The outstanding location of Enclave, with limited supply of brand new apartments in the area means that there is very strong capital growth potential and we expect strong rental demand. Price increases in property have historically come when there is a unique product with high demand in an outstanding location.
Enclave is walking distance to Crown, Claisebrook Cove, North Metropolitan TAFE, Curtin University (City Campus) as well as train stations and the CBD. It is also a short walk to the new Optus Stadium and Matagraup Footbridge, the new Point Fraser entertainment precinct and includes fantastic dining and bar options overlooking the Swan River. Enclave Luxury Apartments is a rare location right in the heart of leafy East Perth.
Perth is undergoing a significant long term shift in demand towards apartment style living. Currently around 11% of Perth’s residents live in apartments whilst in Sydney and Melbourne the percentage is around 30%. As cities grow more and more, people trend towards apartment living. Perth is now a major international city and the time for significant demand for apartment living has come.
With strong rental yields and billions of dollars of Government spending in the area, these yields are expected to strengthen.
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