Bank on a great deal estate

JUST between you and me, land banking can be a good thing sometimes.

I know councils and neighbours really hate big, empty blocks of land sitting around like a missing tooth in a beauty queen’s smile, but for buyers there are obvious benefits.

The owners of Verge Apartments bought their chunk of Bronte Street 15 years ago, which was just before Perth’s property went mining-boom mental and the average home cost a shade under $200,000.

Low fees

That means that Duomark’s able to offer its two-year-old Verge Apartments at prices significantly cheaper than some neighbouring projects, and without scrimping on the quality as some have in this tough market.

Verge is perfectly situated to take advantage of the re-emergence of East Perth – it’s convenient for anyone working in the city, but unlike years gone by when this area was a forgotten realm, there’s now a swag of facilities for residents.

There’s the obvious cafes and restaurants on Royal Street and along the river foreshore, the under-rated Queens Gardens is only a couple of blocks away, or if you’re a bit ghoulish you can check out the remains of pioneers in the heritage-listed cemetery at the end of the road.

Verge has been designed for those who want a minimum of fuss and low fees – there’s no razzle-dazzle in the common areas, but that means less maintenance and lower strata fees.

The architect ensured the 43 one- and two-bedroom units have passive design principles, with lots of effort going into ensuring cross-ventilation and making sure there was plenty of natural light via full-length balcony windows and bright colour schemes.

I like the fact there are no internal bedrooms – there’s a reason this has been outlawed in some states over east and WA should get on board sooner rather than later; there’s something gaol-like in waking up without being able to see the sky.

Each apartment comes with reverse-cycle air con in a bedroom and the living area, while they’re all pre-wired for Generation Next.

There’s not a whole swag of apartments left to choose from, which is hardly surprising, but there are one- and two-bedroom options available.

by STEVE GRANT

Verge Apartments
36 Bronte Street, East Perth
Prices from $430,000 – $680,000
Kim Lim
0412 796 445
Duomark
http://www.duomark.com.au

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