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There were more sales in the second half (624), compared with 511 in the first half. “It’s certainly a good time to be a buyer,” Mr Cresp said. “You don’t get $170 million (in September-quarter) apartment sales because people don’t want an apartment.” During the September quarter 267 apartments were sold with sales spread more evenly across the inner, fringe and western suburbs precincts — a contrast to the stand-out performance of the western suburbs in the June quarter, in which 348 sold. Although the weighted average sale price for the September quarter was $608,424 (compared with $661,566 in the June quarter), Mr Cresp cautioned against reading this as a fall in apartment prices, pointing out that in the June quarter the bulk of the sales were in the more expensive western suburbs. In the September quarter, sales were of different kinds of apartments across a number of areas at very different price points, he said. Three projects with 163 apartments were launched during the quarter. They were Wright Developments’ Newhaven apartments in Mirrabooka; Finbar’s Reva in South Perth and Psaros’ Bridge on Green. The top sellers were both developments by Finbar, Vue Tower in East Perth (across the road from The Duxton Hotel) and the newly launched Reva in South Perth, next to Aurelia. Finbar sold 20 apartments in Vue Tower in the quarter (for total sales of 79 of the 247 apartments in the project). It also sold 18 of the 42 apartments in Reva.
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