15/42 Mclarty Avenue, Joondalup WA 6027
15/42 Mclarty Avenue, Joondalup WA 6027
Top-floor 2014 build | 2×2 with secure parking | parkland outlook | modern finishes throughout | central Joondalup position
This apartment stands out for its combination of modern construction, top-floor positioning, and quality finishes. Built in 2014, it avoids the compromises often found in older strata stock—engineered timber floors, stone benchtops, and a well-proportioned 67 m² layout make it feel more like a contemporary residence than a standard investment unit. The parkland outlook and absence of any unit above add a sense of openness that is genuinely rare in this product type. For a downsizer, first-time buyer, or investor seeking low-maintenance living within walking distance of the city centre, TAFE, hospital, and shopping, this property sits comfortably above the ordinary apartment offering in Joondalup.
The bushfire and heritage overlays flagged on the property record may influence insurance costs or future renovation flexibility, though neither appears to have hindered recent activity in the area. The 97 m² lot is generous for an apartment, and the secure parking plus balcony adds practical appeal. Market conditions in this pocket appear firm, but a buyer should weigh how much premium a top-floor position and modern finishes justify over older nearby units. Strata fees and body corporate management are not disclosed here, and those recurring costs could meaningfully shape the total holding expense. The property’s rental estimate suggests solid income potential, but the final purchase decision will hinge on how those ongoing obligations compare against the asking position.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/42 Mclarty Avenue, Joondalup WA 6027
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Joondalup holds a strong position as Perth’s northern commercial and education hub, supported by expanding transport links and infrastructure. Demand is led by young professionals and students seeking apartments, families buying townhouses and single-family homes, and investors drawn to the employment base in health and education. House prices reached a median of $928,500 with 8.3% annual growth, while units rose a sharp 17.5% to $587,500. Selling is brisk, with houses spending just 9–11 days on market and annual sales volume at 134. Rental conditions are tight: houses yield 4.48% on $700 weekly rent, and units yield 5.35% at $620. Future growth is anchored by ongoing infrastructure upgrades and amenity expansion, though volatility, over-development potential, and seasonal price swings remain constraints.
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PropCred Estimated Value
Comparable Sales: similar 2×2 unit in same complex sold February 2026 for $650,000 | Property Price Band: $650,000–$750,000 | Value Drivers: top-floor aspect, 2014 build quality, parkland outlook, secure parking
Bedrooms
2
Bathroom
2
Parking
1
Land
97m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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