9/2 Walsh Loop, Joondalup WA 6027
9/2 Walsh Loop, Joondalup WA 6027
Ground-floor 3×2 apartment | Rare 205m² footprint | Two secure car bays | Private outdoor space | Above typical investor stock
This property stands apart from the surrounding apartment supply, which is dominated by two-bedroom, one-bay units. The three-bedroom, two-bathroom layout with two undercover car spaces answers a genuine gap in the local market—households wanting low-maintenance living without sacrificing space or parking. The ground-floor position with dedicated outdoor area extends the usable footprint well beyond the internal 103m², making it feel closer to a small townhouse than a standard unit. That combination is rarely found in this precinct, and it broadens appeal beyond investors to owner-occupiers, downsizers, or professionals seeking more room. The secure complex with pool and storeroom adds everyday convenience, while the location near the city centre, university, and transport keeps it practical for a range of buyers.
The asking price sits notably below the estimated value range, which may reflect vendor motivation or a marketing strategy to attract competition. The larger land allocation and superior configuration could justify a premium over the typical two-bedroom sales in the immediate area, but the exact uplift depends on how strongly buyers weight the extra bedroom and parking. Market conditions in the apartment segment can be sensitive to broader interest rate movements, and the ground-floor aspect—while offering outdoor space—may carry a slight discount compared to upper-level views for some purchasers. Buyers should weigh the functional advantages against the less common configuration, which may take slightly longer to sell than standard stock but should hold value well given its scarcity.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/2 Walsh Loop, Joondalup WA 6027
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Joondalup holds a strong position as Perth’s northern commercial and education hub, supported by expanding transport links and infrastructure. Demand is led by young professionals and students seeking apartments, families buying townhouses and single-family homes, and investors drawn to the employment base in health and education. House prices reached a median of $928,500 with 8.3% annual growth, while units rose a sharp 17.5% to $587,500. Selling is brisk, with houses spending just 9–11 days on market and annual sales volume at 134. Rental conditions are tight: houses yield 4.48% on $700 weekly rent, and units yield 5.35% at $620. Future growth is anchored by ongoing infrastructure upgrades and amenity expansion, though volatility, over-development potential, and seasonal price swings remain constraints.
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PropCred Estimated Value
Comparable Sales: 33/2 Walsh Loop sold $532k; 4/2 Walsh Loop sold $528k | Property Price Band: $700k–$800k | Value Drivers: Three-bedroom layout, dual car spaces, private outdoor area
Bedrooms
3
Bathroom
2
Parking
2
Land
205m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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