1509/31 Rowe Avenue, Rivervale WA 6103
1509/31 Rowe Avenue, Rivervale WA 6103
15th-floor east-facing 2024 build | resort amenity in The Point | premium 2×2 with 110m² total | lock-and-leave inner-east living
This unit stands apart from most Rivervale apartment stock because of its combination of recency, elevation, and finish. A 2024 build on the 15th floor with east-facing hill views is rare in this suburb, where much of the older inventory sits lower and dated. The 20m² balcony, full-height tiling, Siemens appliances, motorised blinds, and smart climate control push it clearly into premium territory. It suits a buyer who wants city-fringe convenience without compromising on quality—young professionals, downsizers, or investors targeting the river and stadium corridor. The building’s heated pool, gym, sauna, and steam room add genuine lifestyle weight, not just marketing gloss. For someone seeking a move-in-ready apartment with strong rental appeal, this is among the better positioned options in the area.
The strata levy of $987 per quarter is reasonable for this level of amenity, but it is a fixed cost that will rise. Proximity to Great Eastern Highway and event precincts may bring occasional traffic noise and congestion, especially on stadium days. The east-facing aspect gives morning light but no river view, which might matter to some buyers comparing against west-facing towers. Rental demand appears solid—another 2×2 in the same building has leased at $775 per week—but the exact rent for this unit remains unconfirmed. The car bay and storeroom add practical value, though the 70m² internal area is modest for the price point. Buyers should weigh the premium finishes against the compact living space.
|| Comparable Sales: 1006/31 Rowe Avenue, same building, 2×2, sold through Ray White South Perth | Property Price Band: $700K–$800K | Value Drivers: 15th-floor elevation, 2024 build condition, resort amenity package
Detailed Independent Property Report prepared by PropCred Analyst team for 1509/31 Rowe Avenue, Rivervale WA 6103
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Rivervale, a compact 3-square-kilometre suburb established in the 1840s and largely developed through the 1950s–60s, sits five kilometres from the Perth CBD. The market is split: houses trade at a median of $851,000–$941,000 and have grown 12–19.4% annually; units, at $575,000–$600,000, have grown 17.35–19.4% and yield around 6%, drawing investor demand. Houses rent at $750 weekly and units at $680, with median house selling times of 8–14 days, indicating tight inventory. The suburb’s small footprint and city proximity are structural growth supports; the high house prices and rapid price growth are the key affordability constraints.
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PropCred Estimated Value
Comparable Sales: 1006/31 Rowe Avenue, same building, 2×2, sold through Ray White South Perth | Property Price Band: $700K–$800K | Value Drivers: 15th-floor elevation, 2024 build condition, resort amenity package
Bedrooms
2
Bathroom
2
Parking
1
Land
3961m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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