6/79 Bourke Street, Leederville WA 6007
6/79 Bourke Street, Leederville WA 6007
Compact 2-bed in sought-after Leederville complex | Owner-occupier downsizer appeal | Bob Hawke College catchment | Steady mid-tier apartment turnover
This property is competitively positioned as a two-bedroom, two-bathroom apartment in a sought-after Leederville complex. The configuration suits owner-occupiers and downsizers, with demand driven by proximity to the café strip, transport, and the city rather than by investor yield alone. Body corporate overheads are kept moderate by the building’s compact scale, and a settled residential feel is provided by the street’s mixed character. For a buyer seeking a lock-and-leave base close to everyday amenity, value is offered without the premium attached to newer developments. The strongest edge is the location-to-price relationship within the suburb’s mid-tier apartment bracket.
Value may be influenced by floor level, orientation, and internal presentation, as comparable units have transacted at different prices depending on those factors. The absence of a lift or on-site facilities has been known to limit appeal for some downsizers. Market conditions appear firm, though the location premium may be weighed against renovated alternatives elsewhere in the suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/79 Bourke Street, Leederville WA 6007
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Leederville is a tightly held inner-city suburb. Median house prices hit $1,525,000 with 13.6% annual growth; units surged 25.3% to $767,500. Demand from young, high-earning professionals is underpinned by METRONET upgrades and reputable schools. Houses sell in 13 days, and tight vacancy rates reflect a structural supply-demand imbalance. House rental yields sit at 3.2%, units stronger at 5.7%. Future growth hinges on ongoing urban transformation and infrastructure investment, but price volatility and rising living costs remain constraints.
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PropCred Estimated Value
Comparable Sales: 4/79 Bourke Street sold at $675,000; 5/79 Bourke Street sold at $895,000 | Property Price Band: $750,000–$850,000 | Value Drivers: internal condition, floor level, orientation
Bedrooms
2
Bathroom
2
Parking
1
Land
817m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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