11 Magdalen Loop, Piara Waters WA 6112
11 Magdalen Loop, Piara Waters WA 6112
4 bed 2 bath 2 car house | premium asking for the suburb | family oriented street | likely larger lot | upper tier finish expected
This property presents as a substantial family house in a suburb where detached homes dominate the market. The 4×2 configuration with double garage is exactly what most buyers in Piara Waters are searching for, but the price point suggests this is not an ordinary example of that stock. It likely offers something more than the standard family build, possibly a larger land component or a more generous internal footprint. For a family looking to settle in the south east corridor with good school access and a proper house rather than a compact unit, this could be a strong fit. The street itself appears to be established, which adds a level of comfort that newer estates cannot yet offer.
The asking level sits well above what typical 4 bedroom houses in the area command, so the premium must be justified by tangible attributes. The condition and presentation will matter greatly here, as will the actual land size and how the house sits on it. A buyer should weigh whether the extra cost reflects genuine quality upgrades or simply a vendor’s optimistic expectation. The rental return, if that is a consideration, would likely be modest relative to the purchase price, so this looks more suited to an owner occupier than an investor. The absence of confirmed details around build year and finishes means a thorough inspection is essential before forming a firm view on value.
|| Comparable Sales: 38 Magdalen Loop sold as a 4×2 on 516m²; 8 Highland Rise sold as a 4×2 on 566m² | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, internal condition, presentation quality
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Magdalen Loop, Piara Waters WA 6112
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Piara Waters, in Perth’s Treeby area, draws higher-income buyers with household earnings well above the Greater Perth average, underpinning strong demand. House medians hit $950,000 with 15.3% annual growth, while units reached $688,526, up 13.9%. Days on market for houses range 12–15, and annual sales volume spans 218–312, indicating tight, fast-moving conditions. Rents average $770–$780 weekly for houses, with gross yields 4.56% (houses) and 5.16% (units). Supply is constrained: only 22 rental properties and 15 sales listings last month, supporting prices. Key risks: affordability—median house prices are high relative to incomes—and negligible unit sales (0–2 yearly), limiting entry options. Future growth hinges on continued connectivity via nearby Seville Grove and Harrisdale.
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PropCred Estimated Value
Comparable Sales: 38 Magdalen Loop sold as a 4×2 on 516m²; 8 Highland Rise sold as a 4×2 on 566m² | Property Price Band: $1.2M–$1.3M | Value Drivers: land size, internal condition, presentation quality
Bedrooms
4
Bathroom
2
Parking
2
Land
682m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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