6 Tampico Court, Safety Bay WA 6169
6 Tampico Court, Safety Bay WA 6169
Coastal position | House-heavy suburb | Older established stock | Quiet court setting | Buyer-demand selectivity
The property sits within a coastal suburb where houses dominate the local mix, and the court location itself tends to appeal to buyers seeking a quieter pocket away from main-road traffic. For a prospective buyer, the strength here is the combination of a house format in a suburb where detached stock remains the most sought-after property type, even when market conditions slow. That slowdown, reflected in longer selling times and price adjustments, can work in a buyer’s favour, offering room to negotiate on a property that might otherwise attract firmer competition in a busier market. This house suits an owner-occupier looking for a coastal base with reasonable space, rather than an investor chasing quick rental turnover, given the suburb’s more measured demand character.
Value may be shaped by the property’s age and condition relative to newer or renovated stock nearby, as well as how the land is configured and whether there is scope for future improvements. The court setting could add a premium for privacy, but it might also limit visibility and buyer foot traffic if the property ever needed to be resold quickly. Buyers should weigh the balance between the house’s existing presentation and the potential to add value through updates, since that gap often defines the final price in a slower market.
|| Comparable Sales: 151A Safety Bay Road, Shoalwater sold around $717,000; 42 Warnbro Beach Road, Safety Bay sold near $1.302M | Property Price Band: $700K–$800K | Value Drivers: Land size, property condition, court location
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Tampico Court, Safety Bay WA 6169
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Safety Bay, in Rockingham’s coastal corridor, is a tight market shaped by ageing, outright homeowners. Demand is driven primarily by couples, many aged 60+, working in trades; detached houses dominate. Price momentum is strong: house medians span $720,000–$780,000 across sources, with annual growth from 5.1% to 22.8%, while units accelerated as much as 42.9%. Supply remains thin—roughly 201 houses sold over the past year—and houses clear in 11–14 days on most measures, though one source reports 51 days, suggesting variability. Rental yields are solid at 4.1% for houses and up to 5.4% for units, with house rents near $600 weekly. Future growth rests on rapid absorption and rising rents, but constraints are evident: household incomes sit around 22.5% below Greater Perth’s average, and the wide spread in price and days-on-market data indicates a strong yet unevenly liquid market.
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PropCred Estimated Value
Comparable Sales: 151A Safety Bay Road, Shoalwater sold around $717,000; 42 Warnbro Beach Road, Safety Bay sold near $1.302M | Property Price Band: $700K–$800K | Value Drivers: Land size, property condition, court location
Bedrooms
4
Bathroom
2
Parking
4
Land
738m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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