13/19 Bowman Street, South Perth WA 6151
13/19 Bowman Street, South Perth WA 6151
2 bed, 2 bath, 2 toilet | 5th floor views | resort pool & gym | tenanted to 2027 | South Perth Primary zone
This unit presents a competitively strong, turnkey investment within a well-maintained 2001 complex offering resort-style amenities. Its tenancy secured at a strong rental until early 2027 provides immediate income certainty, appealing directly to the passive investor seeking stability over speculation. The configuration with two full bathrooms and a generous balcony enhances livability, positioning it above basic stock for owner-occupiers or tenants. It serves the buyer prioritizing low-maintenance lock-up-and-leave convenience with reliable cash flow in a established suburb.
Decision hinges on engaging a strata inspector to scrutinize the forthcoming 2026 report for capital works planning and levy stability, given the pool and gym upkeep. The flood and heritage overlays necessitate specific due diligence on insurance premiums and renovation permissions. Proceed if the secure tenancy aligns with a hold strategy, leveraging the furnished yield while the school catchment supports long-term value. A Propcred report would ground your offer by benchmarking against true market sales, clarifying locality-specific flood risk, and verifying strata health beyond the minutes.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
South Perth is a premium riverside suburb offering exceptional lifestyle and CBD proximity. Demand is driven by downsizers, interstate migrants, and those priced out of eastern capitals, competing for limited stock in a chronically undersupplied market. This has fuelled strong recent price growth across housing segments. Future growth is underpinned by sustained migration and low vacancy rates, though key constraints include declining affordability and a persistent shortage of listings, particularly at entry-level price points.