Vue Tower is one of Finbar’s latest apartment developments that will define the Perth skyline offering river and city views and all the amenities of luxury living. Soaring a majestic thirty-four storeys above Adelaide Terrace, the gateway into East Perth and the CBD, Vue Tower will offer a landmark address. At night, the façade of the five-storey podium will come alive with light, pulsing in rhythm to the movement on the street.
Investors have taken particular note of this unique development, the first residential tower in Perth to offer a distinctive lightwork show every night, confident in the features that will attract tenants who are searching for an urban lifestyle that stands apart from everything surrounding it.
The site is shaped roughly in the form of a hammer and the amenities on level four take full advantage of the expansive podium deck area. A 25-metre lap pool takes centre-stage, overlooked by the surrounding poolside cabana with BBQ and the residential lounge. The fully equipped gym, games room with pool table, meeting room and sauna round out the generous selection on offer to tempt those looking for leisurely or more active pursuits. Discerning tenants value this level of amenity, a hallmark of Finbar design.
Location is another key driver for attracting tenants. East Perth has transformed over the last five years with a highlight being a Ku-de-ta fine restaurant set to open on the shores of the Swan River only 400 metres from Vue Tower that will bring a renowned touch of Bali to the area. Adelaide Terrace presents easy access by car to the east of the city, whether Burswood or the burgeoning nightlife of Victoria Park, or to the north of the city via Graham Farmer Freeway, or to the CBD down Adelaide Terrace.
For those who live or work in the city, the ease of travelling within the free transit zone cannot be underestimated. The ability to step on and off any bus within the city limits and never worry about buying a ticket; the entire city becomes just around the corner and only minutes away.
With Vue Tower’s extensive range of facilities and services including three lifts and significant plant and equipment, investors will be well placed to take full advantage of extensive depreciation benefits as they look to enhance their negative gearing position.
Purchasing an apartment within this impressive tower offers investors additional benefits. By entering into a contract now, prices are locked in until completion, which is several years away. Many property experts are questioning whether the Perth property market has bottomed out which offers the potential to take advantage of any equity growth that may occur over that time. REIWA president Hayden Grove recently stated that transactional activity “…indicated buyer confidence was increasing,” and property analytics firm CoreLogic noted that Perth median house prices rose 1.4 percent in December 2016, the best quarterly result since April 2015.
The only way to be certain of picking the very bottom of a property cycle is through the benefit of hindsight, while investors know it is better to buy in the trough with an eye on medium- and long-term growth. Now is the time to buy to take full advantage of current market sentiment and an opportunity to own in the superb Vue Tower.