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South Perth Albert Apartments

Built in 1967, the apartment complex at 8 Albert Street, South Perth dates from the point when South Perth’s riverfront suburbs stopped growing outward and started being divided upward. The site occupies a 1,062m² block and contains 11 units, all of which remain under the same ownership of the Housing Commission today.

 

Before redevelopment, the large block was occupied by a single house positioned toward the centre front of the site, with a shed directly behind it. By the time the apartments were built, much of the surrounding area had already been subdivided into smaller lots. Roughly a third of nearby properties had been split into three lots of a comparable size, while the remaining two-thirds were generally divided into two lots.

 

The apartments themselves were typical of the era. There was no built-in air-conditioning or ceiling fans, something that was standard for buildings constructed in the late 1960s. Cooling relied instead on natural ventilation, with afternoon and evening breezes offering some relief, particularly given the property’s proximity to the river. Only one apartment in the complex, a two-bedroom unit on the eastern side of the top floor, was provided with a balcony. All remaining units were single-bedroom and more basic in layout.

 

The property was first sold on 24 December 1985, when it was purchased by the Housing Commission, later operating as Homeswest. It hasn’t changed ownership since. At the time of purchase, the complex was fully tenanted. Residents reportedly included elderly tenants, single mothers and one Aboriginal family, reflecting the diverse but often vulnerable demographic that occupied lower-cost inner-suburban housing at the time, a pattern that has changed little since.

 

In the twelve months leading up to May 1988, Homeswest had purchased 214 individual units across Western Australia, with 14 of those located within the South Perth electorate. The acquisition of 8 Albert Street (containing 11 units) occurred during this program of buying existing apartment stock rather than constructing new public housing.

 

The purchase price of the property, however, became contentious. Records showed a figure of $209,000, yet during questioning in the Legislative Council, the amount paid was stated as $480,000. The discrepancy drew attention to valuation methods and raised questions about transparency in government property acquisitions.

 

There was also confusion surrounding how existing tenants were treated. Initially, it was suggested that tenants would be allowed to remain until the end of their leases before Homeswest tenants moved in. This was later contradicted. In September 1988, it was stated in the Legislative Assembly that all tenants had been issued eviction notices, with assurances that those who qualified for public housing would be offered alternative accommodation.

 

One tenant’s experience illustrates how fraught the process could be. After receiving his eviction notice, one man vacated his apartment within eight days. Homeswest reportedly did not inspect the unit at the time of purchase, nor before he left. Three months later, he received a letter claiming $84 for maintenance allegedly beyond fair wear and tear, including issues such as dirty windows, bathroom, floors and cupboards. Because he had initially paid a $47 deposit, he was required to pay the remaining $36.90 within 14 days.

 

All of this unfolded during a period of mounting housing stress across Western Australia. By the late 1980s, soaring property prices were increasingly locking young people out of home ownership. It was reported at the time that tens of thousands of people aged between 18 and 25 felt they would never be able to buy a home. In the twelve months leading to September 1988, the median house price in Western Australia had risen by $16,000, adding to public concern over whether housing policy was keeping pace with demand.

 

The apartment complex continued to be maintained in subsequent decades. The buildings were re-roofed in mid-2006, suggesting ongoing investment in the structure. By late 2018, however, the apartments were vacated and work appeared to have begun on stripping the units for major internal renovations, although no development application or supporting information has been found to substantiate this.

 

By the late 1980s, housing affordability had reached a point where many young people believed they would never own a home, as prices rose sharply amid economic uncertainty brought on by a financial downturn linked to the collapse of the banking system.

 

That sense of inevitability feels familiar today. Contemporary debates often point to high immigration levels as a contributing factor, particularly where population growth is used to address skills and trades shortages in the construction sector. A cycle that, in turn, places further pressure on housing supply.

 

Vacant housing stock remains a persistent and largely unacknowledged problem. While attention is often focused on public housing, government bodies such as the Commissioner for Main Roads and the Western Australian Planning Commission, among others, also hold significant numbers of vacant or effectively abandoned properties, rivalling those of the State Housing Commission. This apartment complex with 11 units is one such example: housing that could accommodate 11 people, yet has remained vacant and dormant for its eighth consecutive year.

South Perth Harper on Swan

Demolished January 2026

South Perth Longview Residences

Demolished December 2025

South Perth Pearl Apartments

The units located on the corner of Melville Parade at 1-3 Lyall Street has been talked about as a future landmark for nearly a decade. It’s been described as twin towers, a super-tall skyscraper, a scaled-back tower and now a stalled project.

 

Pearl Apartments

In 2016, early concepts designed by Hillam Architects were widely reported, showing two tall towers of more than 40 and 50 storeys, later marketed under the name Pearl Apartments. It was intended to dramatically reshape the South Perth skyline and it generated attention but they were never approved and never progressed beyond concept stage.

 

A second proposal for a 43-storey tower was formally assessed in 2018 and refused by the Development Assessment Panel. The project only moved forward after a State Administrative Tribunal reconsideration in February 2020, when a scaled-down 27-storey mixed-use development was approved instead. Everything since has been an amendment to, or extension of, that last approval.

 

Stalled development

The 2020 approval was given just as COVID hit. Like many projects approved at that time, it automatically received a two-year extension, pushing out the deadline to start construction.

 

Not long after approval, Dragon Century Pty Ltd, the original developer, ran into serious financial trouble. The project stalled, deposits were returned and the Lyall Street component of the site was subsequently marketed under mortgagee instructions. The property was advertised openly through an Expression of Interest campaign, handled by a commercial agent and promoted as a development opportunity.

 

The development approval covered two separate properties: 1-3 Lyall Street, which was associated with Dragon Century and 56 Melville Parade, owned by Ausunshine Holdings Pty Ltd, which has held the property for more than a decade.

 

Rather than allowing the approval to lapse while ownership arrangements were in flux, the approval was kept alive and refined. In 2024, internal changes were approved, including adjustments to apartment numbers and parking. In 2025, further internal changes were approved, including the removal of basement levels and the conversion of parts of the podium to tourist and visitor accommodation. Importantly, the height, bulk and external form of the building never changed.

 

With the revised approval in place, the site was re listed for sale around mid-2025. The current development approval now runs until February 2027. If construction has not substantially commenced by that date, the approval risks expiring.

 

Re-tenanting the units

The existing buildings at 1-3 Lyall Street are an older apartment complex made up of individual units. When the site was listed for sale in 2025, the units were vacated.

 

By January 2026, the buildings were fully tenanted again, a smart move that provides a holding income for the owners while the development remains stalled, particularly given the ongoing housing shortage.

 

Although the current lease arrangements are unknown, 3 Lyall Street appears to have previously been used for Airbnb style accommodation, which would explain the cookie cutter interiors. Interestingly, only No. 1 Lyall Street can be found on hotel and Airbnb style booking websites.

1 Lyall Street

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