Finbar experiences record month in sales

Western Australia’s leading apartment developer, Finbar Group Limited (ASX: FRI), has achieved a historic milestone, recording its biggest sales month across a more than 30-year history.

In August 2025, Finbar secured 150 lot sales valued at approximately $125 million, setting a new company record. This result was strongly underpinned by the highly successful off-the-plan launch of Riverbank Residences in Rivervale.

Located at 30 Riversdale Road, Rivervale, Riverbank Residences is a $115 million, 143-apartment development that has already seen more than 70% of its lots sold, equating to around $85 million in sales value.

The surge in demand for mid-tier, affordable apartment living has been central to this result. With limited supply in Perth’s apartment market, Finbar’s targeted off-the-plan strategy has resonated with both owner-occupiers and investors.

Notably, 50% of Riverbank Residences sales to date have come from repeat local buyers, reflecting the strong trust and reputation Finbar has built over more than three decades.

Finbar’s CEO, Ronald Chan, praised the achievement:

"The incredibly successful launch of our Off-the-Plan marketing campaign for Riverbank Residences, continues to underpin Finbar’s key point of difference in the market, addressing the current high demand for mid-tier apartment product from both owner-occupiers and investors. This success bodes well for the upcoming launch next month of our Palmyra Stage Two development with a potential end value of $88 million, and our recently bolstered development pipeline of over $1.15 billion across metropolitan Perth. I wish to congratulate our sales agents and marketing team for once again exceeding expectations and delivering a great result."

With construction set to commence shortly, we look forward to delivering Riverbank Residences. Meanwhile, Finbar’s upcoming Palmyra Stage Two launch and expanding pipeline signal strong growth momentum heading into 2026 and beyond.

Find out more about Riverbank +