20S/9 Parker Street, South Perth WA 6151
20S/9 Parker Street, South Perth WA 6151
20S/9 Parker Street | Level 20 apartment | 196sqm internal | South Perth riverside precinct
This property offers a rare configuration edge: a 196sqm internal footprint on a high floor in a premium riverside suburb, which is exceptionally difficult to find in Perthโs apartment market. For a buyer seeking a spacious, single-level residence with commanding views and proximity to the CBD, this unit competes directly with much newer stock but at a likely lower entry price point. The size and position serve downsizers or professionals who prioritise space and location over building age.
The primary risk is the buildingโs ageโ57 yearsโwhich may introduce higher strata levies or future capital works costs, and the unresolved bedroom count discrepancy suggests either a non-standard layout or a past renovation that may not be compliant. However, this ambiguity also represents an opportunity: if the unit can be verified as a functional four-bedroom, it offers a value uplift over the three-bedroom perception. Off-market status means less competition, but also less transparency; a buyer should commission a building inspection and review strata minutes before proceeding.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 20S/9 Parker Street, South Perth WA 6151
Market Insight:
South Perth is a premium riverside suburb offering exceptional lifestyle and CBD proximity. Demand is driven by downsizers, interstate migrants, and those priced out of eastern capitals, competing for limited stock in a chronically undersupplied market. This has fuelled strong recent price growth across housing segments. Future growth is underpinned by sustained migration and low vacancy rates, though key constraints include declining affordability and a persistent shortage of listings, particularly at entry-level price points.