RESIDENTIAL PROPERTY

Momentum Wealth makes a big splash in Crawley

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A CHANCE to look out directly onto the world famous Blue Boat House from your own home could become a reality, after Momentum Wealth acquired a Perth riverfront site with plans to deliver the first development to the area in over a decade.

The local developer is looking to build eight boutique apartments on the 20 Mounts Bay Rd site in Crawley, which will also offer large outdoor living areas to capture the river vista.

It said it looking to capitalise on investor interest in the apartment market within the western suburbs, which has experienced strong demand in recent times.

Philip Anderson, head of development at Momentum Wealth, said the acquisition will provide a landmark development within the tightly held enclave of Crawley.

“This development fills a gap in the local market and continues our strategy of building high-end exclusive projects in Perth’s premier suburbs.

“That pocket of Crawley is an established apartment market with an older, more affluent owner-occupier demographic which makes it perfectly suited to an iconic development of this nature,” he said.

The 90-year-old blue boathouse opposite – officially the Crawley Edge Boatshed – had become a popular tourist spot, particularly with Asian visitors looking to take selfies in front of the striking blue structure.

So popular is the site that the City of Perth last year announced it would spend $400,000 on building a toilet block on Mounts Bay Rd for tourists.

The boatshed is owned by Tom Nattrass, who has said his grandparents boat the property for five pounds in 1944.

Momentum Wealth’s latest acquisition is one of five recent purchases in Perth’s exclusive western suburbs by Momentum Wealth’s development team, who recently contracted two development sites in Dalkeith, as well as Shenton Park and Trigg.

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