By Digifin Pty Ltd · About this coverage
Key Points
- Construction started at Romeo, Applecross; end value about $192m
- 103 of 155 lots sold (66%), $121.1M pre-sales since March 2026
- 18 lots sold since 1 August for $26.3m; investors about 50%
- Completion targeted H1 FY2029; 152 apartments plus 3 commercial lots
- Part of A$1.95b five-year pipeline; Group pre-sales now $536m
About Finbar (ASX:FRI)
Finbar Group Limited is an ASX-listed apartment developer headquartered in Perth. It develops residential and mixed-use projects in Western Australia, including multi-stage precincts in established riverside and inner-suburban locations.
Finbar (ASX:FRI) Group has commenced construction at its Romeo apartment development in Applecross, Perth, the third and final stage of the Applecross Precinct, after majority pre-sales since the March 2026 public launch.
Romeo has 103 sales from the 155-lot development, or 66% sold, including all three ground-floor commercial lots, for $121.1M in pre-sales to date. The project comprises 152 residential apartments across one-, two- and three-bedroom configurations plus three ground-floor commercial lots, with an estimated end value of approximately $192 million and completion targeted in H1 FY2029. Since 1 August, 18 lots have sold for a total value of $26.3 million, with investors about 50% of purchasers. Romeo forms part of Finbar's five-year development pipeline valued at A$1.95 billion across more than 1,900 units. Over the same recent period the Group recorded 37 sales across off-the-plan and completed stock for a total value of $44.3 million, and total pre-sales now stand at $536 million, about 67% of available product across current projects.
Completion remains targeted for H1 FY2029, and a proposed Swan River ferry service is described as scheduled to commence by the end of 2027.
Source: Finbar Group Limited (ASX:FRI), 18 September 2026. Summary content supplied by Digifin Pty Ltd.
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