100/580 Hay Street, Perth WA 6000
100/580 Hay Street, Perth WA 6000
CBD resort apartment | Fully furnished | Large balcony | Periodic tenancy in place | 100sqm internal living
This apartment’s combination of a 100sqm internal floor plan and a 23sqm entertainerโs balcony is notably spacious for a Perth CBD offering, giving it a competitive edge over typical compact units in the same precinct. The fully furnished condition with secure parking and storage, together with direct arcade access to Murray Street Mall, positions it strongly for both owner-occupiers wanting immediate lifestyle convenience and investors seeking a cash-flowing holding that commands a premium weekly rent. The periodic tenancy at $1,070 per week provides income continuity while leaving flexibility for the new owner to adjust terms.
The primary risk is that the apartment’s rental performanceโand therefore its yieldโcan be more sensitive to shifts in CBD demand cycles, particularly with short-term letting restrictions that may apply under building or strata rules. Strata fees in a complex with a pool and gym should be verified, as they can erode net returns for investors. The periodic tenancy means possession timing may require negotiation, and the furnished inclusions and electricity usage arrangement warrant careful contract review. For the right buyer, the apartment’s size, location, and leasing history represent a rare well-rounded position in the central market.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 100/580 Hay Street, Perth WA 6000
Market Insight:
Perth’s inner-ring suburbs are positioned as highly competitive, transport-connected locations. Demand is driven by equity-rich upgraders, downsizers, and investors, alongside first-home buyers contending with rapid entry-level price rises. The market exhibits exceptionally strong price growth and tight conditions, with listings far below long-term averages and properties selling rapidly. Future growth is supported by sustained population increases and critically low rental vacancy rates, though key risks include significant affordability constraints and potential sensitivity to interest rate movements.