Palmyra West achieves over 70% in off-the-plan presales

Our latest project, Palmyra West, has quickly captured strong interest from buyers, securing more than 70% of its apartments in off-the-plan presales.

This impressive milestone represents approximately $67 million in sales, reflecting the high demand for quality living spaces in this sought-after location.

A prime location with resort-style living

Palmyra West is situated on a generous 13,540sqm site at 47 McGregor Road, Palmyra. The development will feature 130 apartments ranging from one to three bedrooms. Nestled among tree-lined streets and surrounded by mature parks, the community offers a peaceful, resort-style atmosphere just minutes from Fremantle.

Residents will enjoy a blend of coastal charm and urban convenience, thanks to the project's position between the Swan River and the coast. The boutique community includes a range of amenities designed to enhance lifestyle and comfort, making it an attractive choice for a wide range of buyers.

Meeting market demand with quality and affordability

Finbar CEO Ronald Chan highlighted the project’s success as a reflection of the company’s ability to deliver apartments that meet current market needs. Palmyra West is part of a larger development pipeline valued at over $1.6 billion, showcasing Finbar’s ongoing commitment to quality and innovation.

Referred to as the "Missing Middle", Palmyra West is a prime example of low-rise, medium-density housing that fits well within an established, amenity-rich suburb. This style of development addresses the growing need for affordable housing options without sacrificing quality or location.

Strong buyer interest and sales profile

The sales campaign has attracted a diverse group of buyers. Notably, first home buyers make up 33% of purchasers, reflecting the project's appeal to those entering the property market. Repeat buyers account for 20% of sales, demonstrating confidence in Finbar’s developments and the strength of the Finbar brand.

With construction set to begin in March 2026, the sales momentum is expected to continue as buyers benefit from off-the-plan apartment stamp duty concessions, adding further appeal to the investment.

What this means for buyers and the community

Palmyra West offers more than just apartments; it provides a lifestyle choice that balances nature, convenience, and community. The development’s location near parks and the river encourages outdoor living, while proximity to Fremantle ensures access to shops, dining, and cultural attractions.

For buyers, this project represents an opportunity to secure a home in a growing area with strong future prospects. The combination of quality design, thoughtful amenities, and a strategic location makes Palmyra West a standout option in the current market.

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