304/112 Mounts Bay Road, Perth WA 6000

CBD fringe | 1-bed apartment | short-stay zoning | 5.9% yield potential The property’s strongest buying case lies in its zoning for short-term residential use, which is rare for a Perth CBD-fringe apartment and directly supports a yield above 5.5 percent. The open plan layout, private balcony, and secure access are functional rather than premium, but they suit the target tenant profile—professionals or short-stay guests wanting walkable access to Kings Park, the river, and the city. For a buyer seeking income flexibility, this configuration gives an edge over standard long-lease-only units in the same price bracket. The bushfire, flood, and heritage overlays are material constraints—they limit renovation scope and may raise insurance costs, which cuts into net yield. The building is 95 percent owner-occupied, which typically supports capital stability, but the small 47-square-metre floorplan caps long-term capital growth. The commercial logic is to hold for cash flow via short-stay income, not for rapid appreciation. Use this property as a yield-driven holding within a diversified portfolio, not as a primary residence or a renovation play.