Finbar Reports Robust 2025 Sales, $1.2bn Pipeline Amid Perth Apartment Boom
Finbar Group Limited highlights strong sales momentum in 2025, underpinned by a $1.2 billion development pipeline and a buoyant Western Australian apartment market driven by migration and undersupply.
- Record $514 million year-to-date pre-sales including $455 million off-the-plan
- Over 96% of apartments sold across completed projects in 2025
- Five-year development pipeline valued at $1.2+ billion with ~1,500 apartments
- Investor demand surges with 53% of Q3 buyers classified as investors
- Strong market fundamentals, migration, housing undersupply, and rental growth
Finbar’s Market Leadership and Track Record
Finbar Group Limited, a stalwart of Western Australia’s residential property development scene, continues to cement its reputation with a 30-year streak of profitability and a flawless project delivery record. Having completed 79 developments totaling over 7,400 apartments and commercial units, Finbar remains a dominant force shaping Perth’s urban landscape.
The company’s strategic focus on prime, transit-connected precincts and mid-market apartments addresses a critical housing supply gap in Perth, a city currently experiencing unprecedented demand pressures.
Strong Sales Performance and Investor Appetite
In 2025, Finbar has reported $514 million in total pre-sales, with $455 million stemming from off-the-plan sales, signaling robust buyer confidence. Completed projects have seen over 96% of apartments sold, reflecting strong market absorption. Notably, investor participation has surged, with 53% of buyers in Q3 identified as investors, a 65% increase compared to previous quarters, highlighting renewed interest in Perth’s apartment sector.
This investor resurgence aligns with broader market trends, including rising rental rates and extremely low vacancy levels, which make apartment investments increasingly attractive.
Development Pipeline and Future Growth
Looking ahead, Finbar’s five-year development pipeline is valued at over $1.2 billion, encompassing approximately 1,500 apartments across multiple projects slated for completion between 2026 and 2029. Key upcoming launches include Palmyra West and Romeo Applecross, with construction already underway on Riverbank Residences.
The company’s strong balance sheet, bolstered by $59 million in cash reserves, positions it well to capitalize on ongoing market opportunities and sustain growth amid favorable conditions such as continued migration and housing undersupply.
Market Context and Outlook
Perth’s residential market is currently outperforming other Australian capitals, driven by a net migration increase exceeding 50,000 annually and a severe shortage of available housing stock. Apartment values and rents are at record highs, with median rents rising 5.8% year-on-year and vacancy rates at a tight 0.7%. This environment underpins Finbar’s confidence in sustained demand for quality inner-city apartments.
While the company remains cautious about forward-looking risks, its strategic partnerships, repeat buyer loyalty, and disciplined capital management provide a solid foundation for navigating market uncertainties.
Bottom Line?
Finbar’s strong sales and pipeline underscore its pivotal role in Perth’s housing market, but sustaining momentum will depend on navigating evolving market dynamics and demand shifts.
Questions in the middle?
- How will rising interest rates or policy changes impact Finbar’s sales momentum and pricing?
- What is the potential impact of increased investor participation on apartment market stability?
- How will Finbar balance rapid pipeline delivery with maintaining quality and profitability?
