116/15 Aberdeen Street, Perth WA 6000

Shared equity caps future profit | leasehold complexity | higher vacancy risk in studio-heavy towers | premium paid for lower entry The 30% shared equity stake with Housing Authority functions as a fixed-cost liability at sale, not free equity; you capture only 70% of future gains, and the silent partner’s share must be repaid at market rates, which erodes the apparent affordability. The 46sqm floorplate and east-facing balcony offer genuine light and amenity, but the 2014 build standard in Perth’s apartment oversupply zone means capital growth will lag standalone housing. This property works as a long-term hold if you intend to occupy it—rental yields are thin once shared ownership costs are factored, and resale liquidity will depend on finding another shared equity buyer. What is rare here is the separate storeroom and secure parking—features that improve liveability in a high-density complex and reduce the need for off-site storage. The central Perth walkability to bars and restaurants is a genuine lifestyle draw for a young professional or couple already committed to urban living. The Keystart fixed loan product lowers the barrier for first-timers, but you are effectively buying a leasehold-like position with capped upside. Before proceeding, verify the resale clause and calculate your net equity at different price points—shared equity is a tool to enter the market, not a path to build wealth.