22/8 James Street, Perth WA 6000

Compact two-bedder in Perth CBD | 36sqm internal area | 9%+ rental yield potential | long-hold tenant base This apartment offers a rare combination of ultra-compact footprint and strong rental dynamics that suit a yield-focused investor. At 36 square metres, it is small even by Perth CBD standards, but the building’s tenant profile — with nearly a third of residents staying over a decade — signals stable occupancy and low turnover. The 9% yield on a comparable unit suggests the property can deliver cash flow well above market averages, making it a tactical fit for buyers prioritising income over capital growth. Its position in the 8 James Street complex places it within walking distance of city amenities, which supports consistent demand from inner-city renters. The primary risk is the limited internal space, which may constrain future resale appeal to a narrow buyer pool and cap long-term price appreciation. Historical growth in the building has been modest, ranging from 0.27% to 3.35% annually, so this is not a property to buy for rapid equity gains. The lack of parking in available records could also reduce appeal for tenants with vehicles. However, for a buyer seeking a low-maintenance, high-yielding entry into Perth’s CBD market, these constraints are manageable trade-offs rather than deal-breakers.