1407/63 Adelaide Terrace, East Perth WA 6004
1407/63 Adelaide Terrace, East Perth WA 6004
Level 14 corner 1-bed apartment in Vue Tower; Leased at $750pw; Listed for sale at $649k; Strong rental demand with quick re-leases.
Compact 71sqm layout with a wraparound 22sqm balcony offering north-east views over Optus Stadium, the Swan River and Heirisson Island. Built in 2019, it features a modern kitchen with Bosch appliances, split-system air conditioning, built-in robes, secure parking and a semi-ensuite laundry. Resort facilities include a gym, a 25m pool, a sauna, a sky lounge on level 33 and a pet-friendly policy, appealing to young professionals seeking low-maintenance urban living with privacy and light due to lack of shared walls.
Located in the Vue Tower complex along a key arterial, it targets singles or couples in the 2039 age bracket, attracted to walkable CBD access and nearby stadiums. It suits first-home buyers entering the investor market or downsizers prioritising views and amenities over space. Demand remains steady for corner units with river aspects, supported by ongoing leasing and recent sales activity, reflecting appeal amid limited quality 1-bed supply. Rental yield suggests strong cash flow potential for investors.
Detailed Independent Property Report prepared by PropCred Analyst team for 1407/63 Adelaide Terrace, East Perth WA 6004
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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