1503/11 Barrack Square, Perth WA 6000
1503/11 Barrack Square, Perth WA 6000
Modern build | 108m2 floorplan | Jetty and city views | Flood and heritage overlays
This apartment presents a rare configuration in Perthโs premium waterfront market, combining a generous 108m2 internal area with a 2019 build, secure parking, and direct jetty-facing outlooks. The floorplan and finishes place it above typical two-bedroom offerings in the city, and the combination of Highgate Primary and Bob Hawke College catchment adds long-term demand depth. It suits buyers seeking a lock-and-leave primary residence with strong resale fundamentals rather than pure investment yield.
The flood and heritage overlays require careful due diligence, as they may constrain future alterations and affect insurance terms, though they do not inherently diminish value in a premium precinct where similar constraints are common. Strata levy history and special levy risk are the primary unknowns, given the buildingโs age and shared infrastructure. For the right buyer, the propertyโs size, views, and modern condition offset these risks, provided strata documentation is reviewed before commitment.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1503/11 Barrack Square, Perth WA 6000
Market Insight:
Perth’s inner-ring suburbs are positioned as highly competitive, transport-connected locations. Demand is driven by equity-rich upgraders, downsizers, and investors, alongside first-home buyers contending with rapid entry-level price rises. The market exhibits exceptionally strong price growth and tight conditions, with listings far below long-term averages and properties selling rapidly. Future growth is supported by sustained population increases and critically low rental vacancy rates, though key risks include significant affordability constraints and potential sensitivity to interest rate movements.