14/990 Wellington Street, West Perth WA 6005
14/990 Wellington Street, West Perth WA 6005
2 bed 1 bath 1 car | 86m² boutique apartment | Studio 990, built 2007 | pool and gym | city-fringe convenience
This unit sits inside Studio 990, a boutique complex of only 32 apartments, which gives it a genuine edge over the larger high-rise towers that dominate much of West Perth’s skyline. The 86m² floor plan is generous for a two-bedroom apartment, offering more usable space than many comparable inner-city units, and the building’s mid-2000s construction means it avoids the dated layouts of older stock while still being established enough to have a proven track record. With a pool, gym, secure parking, and a lock-up storeroom, the amenity package is solid without being excessive, and the free CAT bus at the front door makes the commute to the CBD almost effortless. This property is best suited to owner-occupiers who want low-maintenance living with genuine convenience, or investors looking for a compact unit with strong rental appeal in a well-connected suburb.
The asking level of $599,000 sits notably above recent sales within the same building, where comparable two-bedroom units have transacted in the low-to-mid $500,000 range. That gap may reflect the current listing’s positioning rather than a fundamental shift in the building’s value, so the final price will likely depend on how the market responds to the vendor’s expectations. The unit’s floor level, aspect, and finishes are not confirmed, and these factors could meaningfully influence what a buyer should be prepared to pay. Rental demand appears healthy, with assessments on a similar unit in the complex suggesting gross yields in the mid-to-high 5% range, which supports the property’s investment logic. The suburb’s fast turnover, with properties selling quickly, suggests competition exists, but the premium over recent comparables means patience and negotiation may be required.
|| Comparable Sales: 29/990 Wellington Street sold $495,000; similar 2x1x1 units in building sold $497k–$520k | Property Price Band: $500,000–$600,000 | Value Drivers: floor level and aspect, condition and finishes, building amenity and rental yield potential
Detailed Independent Property Report prepared by PropCred Analyst team for 14/990 Wellington Street, West Perth WA 6005
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
West Perth WA 6005 is a tightly held inner-city market directly adjacent to the Perth CBD, with houses trading at a median of $1,042,500 after 44.89% annual growth and a median days on market of just 10 days. Supply constraints are acute: annual sales volume is a thin 44 houses, and Greater Perth listing stock sits 42% below its five-year average. Demand is driven by sustained population growth, interstate migration and overseas arrivals, plus first-home buyers shifting to units as affordability tightens. Support comes from strong transport links and proximity to the CBD, which underpins competition for limited well-located stock. The key constraint is affordability and interest-rate sensitivity; chronic undersupply will keep upward pressure on prices, but stretched buyer capacity and higher rates pose the main downside risk.
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PropCred Estimated Value
Comparable Sales: 29/990 Wellington Street sold $495,000; similar 2x1x1 units in building sold $497k–$520k | Property Price Band: $500,000–$600,000 | Value Drivers: floor level and aspect, condition and finishes, building amenity and rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
86m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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