16 Parakeet Rise, Eglinton WA 6034

4-bedroom modern home | 143m² on 375m² | built 2021 | 6 days on market | priced above median This property presents a strong buying case for those seeking a near-new, low-maintenance house in a young, owner-occupied suburb. The 2021 build means minimal immediate capital outlay on repairs or upgrades, and the 143m² internal floorplan on a 375m² block is a practical, efficient configuration for a family or downsizer. Being priced above the local median of $818,500 suggests the seller is confident in the quality and finish, and the short market time of only six days indicates early interest, not a stale listing. The property best suits a buyer who values modern finishes, a manageable yard, and proximity to both primary and secondary public schools within a short drive. The primary risk is that the asking price sits above the median for four-bedroom houses in Eglinton, and the comparable sale at 16 Prussian Way for $807,000 shows the market may not fully support this premium without a standout feature like a larger block or superior location. There is no sales history beyond 2020, so equity growth is unproven in this cycle. However, the high owner-occupier rate of 85% on Parakeet Rise suggests stable neighbourhood demand and lower turnover risk. The buyer should negotiate firmly, using the median and recent comparable as leverage, and treat this as a solid long-term hold for capital growth in a growing corridor rather than a short-term flip.