8 Azurite Loop, Wellard WA 6170
8 Azurite Loop, Wellard WA 6170
Modern compact house | Near-new 2019-20 build | Family-oriented estate | Low-maintenance lot | Commuter-friendly location
This property is positioned as a near-new, compact detached house within a completed modern estate. Its construction quality is considered above entry-level, with stone benchtops, ducted air conditioning, solar panels, and a double garage with internal entry. The house is designed for low-maintenance living, and its appeal is strongest for first-home buyers, young families, and downsizers. Proximity to the train station and primary school is a key practical advantage for commuters, and the efficient layout is well suited to investors seeking steady rental demand from local workers.
The compact land size may limit future extension potential, which is a value consideration for buyers expecting space to grow. Uniformity in the estate’s design might reduce differentiation, so presentation and condition could play a stronger role in price. Planning overlays in the area might affect insurance or development costs, and these should be weighed carefully when forming a view. Rental yield potential may also influence investor appetite, but the property’s low-maintenance nature is likely to sustain interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Azurite Loop, Wellard WA 6170
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Wellard, in Perth’s southern corridor, is an affordable growth suburb. Demand is driven by young families, first-home owners, and investors attracted to commuter rail access and improving amenities. House prices have risen 8.7-12.4% annually, with medians ranging from $587,500 to $735,000; units grew 7.4-12.4%, with medians around $475,000-$495,000. Market conditions are tight: houses sell in 13-16 days, with weekly rents of $660-$680 for houses and $550-$570 for units. Gross yields are 4.4-4.9% for houses and 5.3-6.2% for units. Population growth from new estates and infrastructure upgrades support future demand. Key risks include affordability pressure above $700,000, new supply, and interest-rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 21 Azurite Loop – mid-$700s; 23 Azurite Loop – high-$700s | Property Price Band: $700k–$800k | Value Drivers: modern condition, compact land, commuter location
Bedrooms
3
Bathroom
2
Parking
2
Land
375m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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