12/15 Cliffwood Place, Waikiki WA 6169
12/15 Cliffwood Place, Waikiki WA 6169
3×2 villa | 2007 build | strata with low fees | strong owner-occupier tenure | school catchment
This property sits in a less common segment for Waikiki, where older detached houses on larger blocks dominate. The 2007-built villa format offers a modern, low-maintenance alternative that appeals strongly to downsizers and small families who want the suburb’s amenity without the upkeep of a full house and garden. The strata fees are modest, and the building’s long owner-occupier tenure suggests stable, well-cared-for common areas and a quieter living environment than investor-heavy complexes. The three-bedroom, two-bathroom layout with double parking is versatile enough for owner-occupation or rental, and the school catchment adds practical family appeal.
The value of this property may be influenced by its position within the complex, as unit size and outlook vary across the development. The 432-square-metre lot reported is generous for a strata villa, but the actual usable outdoor space and privacy relative to neighbours could differ by unit. The 2007 build is modern enough to avoid major capital works soon, but buyers should confirm the sinking fund balance and any upcoming special levies. The recent sale of another unit in the same complex at a higher price suggests strong demand, though fit-out and presentation differences may explain the spread.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/15 Cliffwood Place, Waikiki WA 6169
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Waikiki presents as a coastal suburb with strong appeal to middle-income families, evidenced by its established housing stock and high sales activity. Demand is driven by owner-occupiers, with a significant portion of households carrying mortgages, and is reflected in rapid sales and robust rental growth. Recent price trends show exceptionally strong capital growth across both houses and units, within a tight, fast-moving market. Future growth is underpinned by sustained high demand, though risks include investor affordability due to below-average yields and market sensitivity to interest rate changes.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
432m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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