Project Description:

Introduction

The Pearl is a landmark luxury apartment project located on the prestigious South Perth peninsula, offering panoramic views of the Swan River and Perth CBD. The development includes a mix of one, two, and three-bedroom residences, premium penthouses, shared accommodation and boutique commercial spaces. Inspired by the surrounding river and urban landscape, the design features organic curved forms, a reflective glass facade, and world-class resident amenities.

Executive Summary

We are pleased to present The Pearl South Perth luxury apartment complex. This development offers a unique opportunity to acquire a 26 level property in partnership with Perth’s development industry leaders. It provides a first-mover advantage in the expanding apartment sector which has seen roughly 31% growth over the past 24 months.

• Strategic riverfront location in one of Perth’s most sought- after precincts
• Limited supply of comparable luxury product in South Perth
• Highly experienced delivery team with strong development track record
• Targeting pre-sales and staged settlement to de-risk construction
• Construction to commence Jan-Feb 2026
• Equity raise of AUD $7 million

Market Overview

South Perth’s apartment market is experiencing strong momentum, with the median unit average value between A$7,000 and A$9,000 per m2 for a typical 2 bed unit size, reflecting 17.6% annual growth over the past 12 months. Demand is underpinned by a fast-moving sales cycle, with units averaging just 17 days on market. Over the past three years, units have consistently outperformed houses in capital growth, driven by the suburb’s riverside location, CBD proximity, and lifestyle appeal.Rental fundamentals are equally robust, with median unit rents at A$700/week delivering a gross yield of around 5.2% well above many other premium suburbs in Perth. Limited new supply, combined with growing demand for premium high-rise living as demonstrated by the sell-out of developments like Civic Heart, positions South Perth as a prime location for The Peral. With Perth-wide forecasts of 5–6% annual price growth in the coming years, the project is well placed to capture continued capital appreciation and strong rental returns.

The Pearl South Perth enjoys a prime riverside position, offering immediate access to dining, leisure, education, premium recreation, and seamless CBD connectivity.

Financials and Investment Metrics

Project Overview
• Project Name: The Pearl South Perth
• Type: Premium 26-level high-rise apartment tower with ground floor commercial & parking
• Location: South Perth, Western Australia — prime Swan River frontage, minutes from CBD
• Residential Component: 1, 2, 3-bedroom apartments + luxury penthouses
• Target Market: High-net-worth downsizers, owner-occupiers, premium investors

Sales & Market Assumptions

• Average Sale Price per m2: $13,500–$15,000 (premium South Perth benchmark)
• Indicative Apartment Price Range: $1.4M – $2.8M+ (size & floor dependent)
• Market Demand Drivers:
• South Perth apartment prices grew +17.6% in the last 12 months.
• Riverside premium projects like Civic Heart have demonstrated strong sell-through.
• Limited supply pipeline for high-spec, high-rise stock in South Perth.
• Appeal to wealthy downsizers seeking lock-and-leave lifestyle near CBD.

Investor Returns

• Structure: Loan Note/Convertible Note Deed
• Return Profile:
• Capital + profit returned on settlement of sales
• Potential interim distributions if staged settlements occur
• Exit Strategy: Full sell-down on completion with ability to retain some commercial strata lots for ongoing yield (optional)
• Security: General Security Agreement, Caveats and Second Ranking Secured Notes.

Key investment risks:

When considering purchasing or investing in a business, it's important to be aware of the potential risks involved. It is advisable to consult with your accounting and legal advisors before entering into any contracts. While we strive to exercise due diligence, we cannot guarantee the accuracy of the project. It is essential that you verify all financials and legal agreements before proceeding.