804/380 Murray Street, Perth WA 6000

804/380 Murray Street, Perth WA 6000
Level 8 west end | 2-bed 1-bath 1-car | 59sqm internal | NV complex This apartment occupies a position in the west end of the city that typically commands a premium over east-facing or Elizabeth Quay equivalents. The 59sqm internal floorplan is efficient for a two-bedroom configuration, and the single car bay is a genuine rarity in this precinctโ€”most comparable apartments in the complex trade without parking. The building’s owner-occupier ratio sits at 60%, which signals a more stable resident profile than the surrounding 40% renter-heavy stock, and that tends to support both capital preservation and easier resale. It suits a professional buyer or downsizer who values walkability to the CBD and Kings Park over square metreage. The primary risk is the price point relative to the broader Perth two-bedroom median, and the absence of disclosed strata levies makes it impossible to verify holding costs. The 2021 last sale date suggests the current vendor may be testing the market after a period of ownership that captured some capital growth. Buyers should request the strata roll and inspect for any special levies or building defect reports, particularly given the complex size. If the levies are within range for a full-service building, this unit holds as a low-touch city base or a lock-and-leave with reliable rental demand from the young professional cohort that dominates the postcode.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 804/380 Murray Street, Perth WA 6000
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Market Insight:

Perth’s inner-ring suburbs are positioned as highly competitive, transport-connected locations. Demand is driven by equity-rich upgraders, downsizers, and investors, alongside first-home buyers contending with rapid entry-level price rises. The market exhibits exceptionally strong price growth and tight conditions, with listings far below long-term averages and properties selling rapidly. Future growth is supported by sustained population increases and critically low rental vacancy rates, though key risks include significant affordability constraints and potential sensitivity to interest rate movements.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

88mยฒ

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