New price record set for Perth suburb after $4.1m house sale

Perth Now

10-08-2025

North Perth's property market has hit a personal best, with a $4.1 million apartment selling recently — and a more expensive one listed for sale.
The four-bedroom, two-bathroom penthouse apartment sold in the upcoming Alma Square complex, by Celsius Developments, which is due for completion in early 2028.
It is 60 per cent higher than the suburb's current price record of $2.63m, which was paid for a house on Paddington St in May.
If the other penthouse in the eight-storey complex sells for its listed price, it will rake in massive $4.3m, putting the inner-city suburb on par with other exclusive areas like Subiaco.
And with good reason, given its location 2km from the city, and the extraordinary views from the apartment complex of the city. The view from the North Perth apartment, in the upcoming Alma Square, which hit a price record for the suburb Credit: supplied
This vantage point mirrors the iconic South Perth foreshore view — but from the opposite side of the city.
Celisius' Richard Pappas said the photograph of the city vista used in advertising material was taken from a cherry picker from the sixth floor.
'The view is square on to the city,' he said. The view from the price record setting apartment in North Perth, Alma Square. Credit: supplied
Mr Pappas said 45 of the 108 apartments have already sold, mostly to nearby locals from Coolbinia, Menora and Mount Lawley,.
The development has a pool and gym, a 5-star Green star and a 7.2 stars NatHERS rating.
North Perth prices have jumped 17.6 per cent in the past year to hit a median sales price of $1.5m. The upcoming North Perth development, Alma Square, with price breaking apartments. Credit: supplied