147/189 Adelaide Terrace East Perth WA 6004
147/189 Adelaide Terrace East Perth WA 6004
3-bedroom unit | 111m² internal | 2 secure car bays | sheriff auction in East Perth
This property presents a rare opportunity to acquire a genuinely spacious three-bedroom unit in a well-positioned East Perth building, with two car bays — a configuration that is increasingly difficult to find in this precinct. The 111m² internal area places it well above the typical apartment footprint, and the single-level layout offers practical liveability. For a buyer seeking a long-term hold or owner-occupier wanting generous space without moving to a house, this unit offers a clear competitive edge. It suits downsizers, professionals, or investors targeting stable rental demand from the 40% renter cohort in the building, and the 60% owner-occupier ratio suggests reasonable building management and resident care.
The sheriff auction format carries inherent risk: the property may be sold with limited due diligence time, and the sale history from 2018 at $1,150,000 provides a benchmark but not a guarantee of current market value. Buyers should factor in potential strata arrears or legal encumbrances that often accompany such sales. The building’s 228 properties mean higher strata complexity and potential for special levies. On opportunity: the 46% long-term resident share indicates a stable community, and the school catchment for Highgate Primary and Bob Hawke College supports family appeal. Hold this property as a core residential holding; its configuration and parking are its strongest long-term advantages.
Detailed Independent Property Report prepared by PropCred Analyst team for 147/189 Adelaide Terrace East Perth WA 6004
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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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
3
Bathroom
2
Parking
2
Land
195m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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