1003/380 Murray Street, Perth WA 6000

Investor locked in tenancy | strata fees rising faster than rent | city noise on level 10 limited balcony utility | medium density tower resale spread risk. The property carries a defined opportunity cost from its below-market lease at $700 per week, likely limiting cash flow against a potential $835 market rent until mid-2026; this condition favours a buy-and-hold strategy over near-term flipping. The 5.9% suburb yield and 16.2% growth trajectory provide commercial logic for an investor seeking a stabilized entry, though the $1,360.71 quarterly levy imposes structural holding costs that must be factored into net return calculations. A plain judgment: hold through the lease term for capital gains capture. The unit’s competitive strength lies in its combination of 73 square metres of internal area, city views, and building infrastructure-rooftop pool, gym, and concierge-which position it above Perth stock from earlier decades. For a buyer, these features reduce depreciation risk and support premium occupancy tenancy, serving best an out-of-state investor seeking central CBD exposure with minimal immediate management burden. The conflicting valuation range from Domain and property.com.au signals a market still pricing the micro-location premium; order a full building depreciation schedule and strata report before any negotiation to validate exit assumptions.