Perth's property market is set for another significant boost with the approval of a stunning $287 million apartment complex in the riverside suburb of Rivervale. The 16-storey development, spearheaded by Midap Property Group, has received the green light from Metro Inner-South Joint Development Assessment Panel, marking one of the most substantial residential projects in the area.
The ambitious project will transform the Rivervale landscape, featuring 201 luxury apartments across two connected towers. Located at 16-20 Howell Avenue, the development promises to redefine urban living in Perth's eastern corridor, just minutes from the CBD.
Luxury Living Meets Strategic Location
Residents will enjoy premium amenities including a state-of-the-art gym, resort-style swimming pool, and multiple entertainment areas. The development's prime position offers unparalleled access to Perth's key attractions, with the Optus Stadium precinct, Crown entertainment complex, and Claisebrook Cove all within easy reach.
"This approval demonstrates the ongoing strength and confidence in Perth's property market," said a spokesperson for the development team. "Rivervale's proximity to the city and excellent transport links make it an ideal location for this calibre of residential development."
Economic Boost for Western Australia
The project represents more than just new housing stock—it's a significant economic driver for the region. The construction phase alone is expected to create hundreds of jobs, while the completed development will contribute to the ongoing revitalisation of Perth's inner eastern suburbs.
With construction scheduled to commence in the coming months, the Rivervale complex joins several other major developments reshaping Perth's skyline. Property experts suggest this continued investment activity signals robust confidence in Western Australia's economic recovery and long-term growth prospects.
The development approval comes as Perth experiences renewed interest from both local and interstate buyers, drawn by the city's relative affordability compared to eastern capital cities and its improving lifestyle amenities.
