Aspen Group announced that it has entered into contracts to acquire a portfolio of 84 residential properties in Perth, Western Australia. The contracts are now unconditional and are expected to settle in early December 2019. The properties are located in the high population growth corridors of Rockingham LGA, in the southern beaches and Swan LGA in the north east. These are attractive regions for lifestyle, located along beaches and national parks, with easy access to Perth CBD. They also have good quality education, healthcare, retail and recreation facilities. The dwellings are family-oriented, typically with 3-4 bedrooms, 2 bathrooms and 2 car garages or carports. The average dwelling size is 190sqm and the average land size is 414sqm per dwelling. The portfolio is being acquired for $20 million (pre transaction costs), which equates to approximately $238,000 per dwelling and $1,258psm of dwelling area.