Over 70% Sold During Launch: The Success of the Riverbank Residences Launch

Riverbank Residences has now launched.

We celebrated over the weekend with a Grand Launch event, inviting the public to take a first look at the project that will redefine waterfront living in the Springs Precinct in Rivervale.

The launch was met with outstanding demand, with over 70% of apartments sold during the release period. This strong uptake highlights both the market’s appetite for quality riverside living and the enduring strength of the Finbar brand. Notably, 50% of sales came from repeat Finbar customers, alongside strong support from both investors and owner-occupiers.

Reflecting on the launch, Finbar CEO Ronald Chan said, “The incredibly successful launch of our Off-the-Plan marketing campaign for Riverbank Residences, continues to underpin Finbar’s key point of difference in the market, addressing the current high demand for mid-tier apartment product from both owner-occupiers and investors.

This result was also driven by repeat local buyer activity, currently representing 50% of Riverbank Residences sales, leveraging Finbar’s brand equity built up over 30 years. With construction commencement now confirmed for October, we anticipate the strong sales campaign to continue as buyers look to take full advantage of available stamp duty concessions.

This success bodes well for the upcoming launch next month of our Palmyra Stage Two development with a potential end value of $88 million, and our recently bolstered development pipeline of over $1.15 billion across metropolitan Perth. I wish to congratulate our sales agents and marketing team for once again exceeding expectations and delivering a great result.”

The $115m project is set to comprise 143 one, two and three-bedroom apartments across 19 storeys, and features a range of intentional resort-style amenities set to enhance residents’ lifestyles, including a roof deck offering all residents river and city views.

Sustainability is central to the design of the development, with Riverbank set to achieve an 8-star average NatHERS rating and Greenstar Design certification, embedding efficiency and environmental responsibility throughout construction and operation.

Construction will commence in October 2025, with an estimated completion in mid-2027.

We look forward to breaking ground soon and delivering Riverbank Residences to our buyers.