110/21 Malata Cres, Success WA 6164
110/21 Malata Cres, Success WA 6164
Compact 1×1 in growth suburb | 2014 build with balcony and parking | Above-median price but strong rental demand | Suits investor or first-home buyer.
This property offers a modern, low-maintenance floor plan with a balcony and secure parking, built in 2014. Its position in Success, a suburb showing 20.9% annual growth for one-bedroom units, makes it a competitive entry point for buyers seeking capital growth and rental yield. The configuration suits first-home buyers or investors targeting tenants who prioritise connectivity and amenities over space. The fibre-to-the-premises NBN and 5G coverage add practical appeal for remote workers or renters.
The asking price sits above the suburbโs one-bedroom median, which introduces a premium that must be justified by the unitโs condition, strata fees, and position within the complex. With only 50 square metres of internal area, value depends heavily on efficient layout and natural light. The 2011 sale price of $312,000 highlights long-term growth, but buyers should verify current strata levies and any upcoming special assessments. The estimated rental return of $590 per week offers a reasonable yield if acquisition costs are managed.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 110/21 Malata Cres, Success WA 6164
Market Insight:
Success is positioned as a high-growth outer suburb, attracting young families with its strong transport links and parkland amenities. Demand is driven by this demographic, seeking modern housing amid broader state population growth, resulting in rapid price appreciation and exceptionally tight market conditions with swift sales. Future growth is underpinned by sustained migration and limited new supply, though affordability pressures and interest rate sensitivity present notable constraints for mortgaged households.