An unlisted investment fund developing 17 residential lots and a mixed use commercial lot in Byford, a high growth suburb in the south of Perth, Western Australia
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An unlisted investment fund developing 17 residential lots and a mixed use commercial lot in Byford, WA, the property forms part of a larger master-planned community located within one of Perth’s fastest-growing growth corridors.
Byford continues to benefit from strong population growth, improving transport connectivity and increasing demand for family-oriented housing and essential community infrastructure. Residential approvals strengthened through 2024 and into 2025, owner-occupier lending has rebounded supported by interest rate reductions in 2025, median house values are up 7.1% year-on-year and recent residential land sales activity in the area shows strong market absorption.
Subdivision approval has been obtained and bulk earthworks have been completed, with the project significantly progressed and de-risked across planning outcomes, construction costs, and delivery timelines.
30.7%
Projected Investment IRR
1.30x
Projected Equity Multiple
$2.6m
Capital Raise
12-month
Estimated Investment Term
Find out more about Jarra’s commercial property investment opportunities.
Jarra Investment Trust Thirty Nine
The property is located at 24 Patens Grove, Byford. The Fund’s equity is being used to fund the creation of 17 residential lots and 1 mixed use commercial lot.
Works to be completed by the Fund include civil and headworks for the lots, followed by staged lot sales. Capital invested in the Fund, together with development income, is expected to be realised progressively through residential lot sales and the ultimate realisation of the childcare asset.
With subdivision approval obtained and bulk earthworks complete prior to Fund establishment, the project is significantly progressed and de-risked across planning outcomes, construction costs, and delivery timelines.
Constrained lot supply, strong sales activity and significant vacant land price growth position the Fund within a well-supported residential market. In Byford, the median sale price for houses has risen to $741,000 in December 2025, a 9.8% increase year-on-year. The median sale price for vacant land is $324,000, which is 52.8% higher
than the previous year.
The new lots will include a childcare lot, which is currently under conditional contract (equating to approximately 19% pre-sales) with Jarra, an experienced childcare centre developer.
The Property benefits from proximity to a recently sold neighbouring commercial lot, acquired by Spudshed for the development of a full-line supermarket. The introduction of a major convenience-based retail offering within the immediate precinct is expected to enhance day-to-day amenity for future residents and contribute positively to the
liveability of the area.
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