12/33 Spinnaker Boulevard, Geographe WA 6280
12/33 Spinnaker Boulevard, Geographe WA 6280
Marina-front townhouse | 3-bed 3-bath dual-level | Flood overlay noted | Compact 248m² lot | Premium coastal precinct
This property holds a genuinely strong position within the Port Geographe marina precinct, where compact-lot waterfront living is the defining character. The three-bedroom, three-bathroom configuration is uncommon for this size of footprint, giving it a practical edge for buyers who want guest accommodation or multi-generational flexibility without the maintenance burden of a large yard. Built around 2010, the townhouse sits in a well-established complex that trades on water orientation, balcony access, and a low-maintenance coastal lifestyle. It will suit downsizers, sea-changers, and professionals who prioritise amenity and outlook over land area, and who value being within walking distance of the marina, foreshore, and local dining.
The flood overlay is the clearest factor that may shape buyer perception and financing options, so it is worth understanding how it applies to this specific lot before committing. The 248m² land size is small by suburban standards, which limits outdoor space and may cap long-term capital growth compared with larger holdings. However, the marina setting and dual-level layout may offset that constraint, particularly if the interior is well presented and the water views are genuine. Rental demand appears healthy, with income potential around the mid-to-high $800s per week, which may appeal to investors seeking moderate yields in a premium coastal market. Condition and finish level will likely influence value more than bedroom count alone.
|| Comparable Sales: 27/33 Spinnaker Boulevard sold $705,000 in May 2025; 17/33 Spinnaker Boulevard last sold $610,000 | Property Price Band: $700K–$800K | Value Drivers: Marina outlook, dual-level layout, internal condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 12/33 Spinnaker Boulevard, Geographe WA 6280
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Geographe, a tightly held coastal suburb near Bunbury, is drawing affluent owner-occupiers and families, with just 10 properties on the market and houses selling in a median 14–15 days. The median house price sits around $923,000, up 10–12% over the past year, while annual sales of 94–124 houses signal active but inventory-constrained turnover. Capital growth is rated premium, and a 38.9% unit-to-house ratio plus elevated new residential building values point to sustained developer interest. The principal constraint is scarcity: near-zero development applications and rapid absorption keep upward pressure on prices, though thin supply limits transaction volume.
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PropCred Estimated Value
Comparable Sales: 27/33 Spinnaker Boulevard sold $705,000 in May 2025; 17/33 Spinnaker Boulevard last sold $610,000 | Property Price Band: $700K–$800K | Value Drivers: Marina outlook, dual-level layout, internal condition and presentation
Bedrooms
3
Bathroom
3
Parking
2
Land
248m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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