6/87 Waterloo Street, Tuart Hill WA 6060

6/87 Waterloo Street, Tuart Hill WA 6060
First-floor 2017 build | small complex | 2 bed, 2 bath, dual balcony | 7km to CBD | high rental demand This unit presents a competitively strong offering due to its modern 2017 construction within a small complex, a configuration that is rare against the suburb’s older housing stock. The dual bathrooms, multiple split-system air conditioners, and private balcony access from the master bedroom deliver a low-maintenance, high-amenity package that serves professionals or sharers seeking a central lifestyle with immediate rental appeal. Its position within 7km of the CBD and proximity to local schools and parks solidifies its convenience premium. The decision hinges on strata governance in a small complex and the 2024 resale, which requires scrutiny of the prior sale price to assess short-term holding rationale. The current asking range aligns with the upper band of weekly rent estimates, suggesting the yield is already factored in. Acquire this property as a strategic hold for capital stability paired with strong rental income, not for short-term value acceleration.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Tuart Hill presents a tightly held, high-demand market characterised by exceptionally rapid sales and strong capital appreciation across both houses and units. Demand is driven by a significant rental population and investors attracted by competitive yields, with properties transacting in a matter of days. This robust activity, supported by low vacancy, indicates sustained pressure, though the constrained supply of available stock presents a key constraint to future transaction volume and affordability.

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

126m²

Built

Recent Assessments