Lifestyle on trend at South Beach

With its eclectic mix of architect-designed apartments, luxury beach houses and relaxed cafes, South Beach is earning its reputation as the trendy new address of South Fremantle.

The sought-after beachside precinct has proved to be a major drawcard, with REIWA figures for South Fremantle showing a growth rate for multi-residential dwellings of 16.2 per cent for the year to June 2014 – way above the Perth average of 4.8 per cent.

The trend is mirrored in figures from realestate.com.au, which show that South Fremantle is a high-demand area with 84 online visits per property compared to the WA average of 49 online visits per property.

Sharon Grey, Sales Manager for Pindan Realty, said a number of major projects in the past year had helped change the face of South Beach and there was more to come.

“South Beach is attracting a diverse range of buyers, all drawn to the area’s vibrant new energy and beachside lifestyle,” Ms Grey said.

“This trendy new community is becoming home to singles, couples, families and downsizers who have jumped at the chance to live by the beach, just minutes from the cosmopolitan heart of Fremantle.

“Investors, too, have realised the benefits of buying into South Beach. With current data for South Fremantle showing median weekly rents of $460 for a one or two-bedroom apartment – well above the $400 Perth metro area – investors are enjoying good returns on their investment.

“With more projects now under construction, such as Pindan’s Elements and Soul apartment developments, South Beach will only go from strength to strength.  The Pindan developments stand apart from others because of their high quality boutique nature.”

The 42 apartments and 10 beach houses in the Elements project, due to be completed by Pindan in spring 2015, all but sold out the weekend they were launched in January this year.

Just seven one-bedroom apartments remain at Elements, priced from $385,000. Buyers can secure a property with a deposit of just $10,000 with nothing more to pay until completion.

At Soul, all of the apartments to be built by Pindan have sold in the 30 home development with just two double-storey townhouses remaining, priced from $630,000. The project is due for completion in autumn 2015 and features a mix of one, two and three bedroom apartments and townhouses.

“The high level of sales indicates that affordable, low-maintenance homes in sought-after locations are hot property right now,” Ms Grey said.

“And with the median price for a multi-residential property in South Fremantle currently sitting at $680,000, the remaining homes at Elements and Soul represent excellent value for money in this highly desirable location.”

Both Elements and Soul are perfectly positioned in the South Beach estate, just a stone’s throw from the pristine South Beach itself, which is ranked at #5 on TripAdvisor Australia’s list of top attractions in Fremantle. It’s the only local beach to make the top 12 on a list dominated by historic treasures such Fremantle Prison, museums and Fishing Boat Harbour.

South Beach is a short stroll to the busy South Fremantle café strip and just minutes from the restaurants, boutique breweries, bars, shops, harbour and famous markets in the centre of Fremantle.

For more information about Elements or Soul, phone joint selling agent Glenn O’Connor-Smith of ACTON on 0413 545 044.