1707/8 Adelaide Terrace, East Perth WA 6004

1707/8 Adelaide Terrace, East Perth WA 6004
17th-floor river outlook | 2 bed 2 bath 2 tandem bays | leased to Mar 2027 | premium complex amenities | high strata outgoings This unit is positioned as a high-floor river-facing apartment with an unusually generous layout for East Perth, including two secure tandem bays and a dedicated storeroom. The amenity set within the complex is regarded as superior to typical inner-city stock, with concierge, cinema, lap pool, and hot tubs. A current lease through to March 2027 is held in place, removing immediate vacancy risk. Investors are served well by this setup, as are professionals wanting lock-and-leave security. Downsizers are also accommodated by the lift access, building security, and river outlook, while the open-plan interior is suited to various household arrangements. Quarterly strata outgoings are noted and may be expected to affect net yield. The existing lease might be seen as limiting owner-occupier flexibility until 2027. Mixed-use podium and event traffic could be considered influences on quietness. Building era, about 2014, may be relevant as maintenance costs evolve. These factors should be weighed when forming a price view.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1707/8 Adelaide Terrace, East Perth WA 6004
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

East Perth sits on the Perth CBD fringe with strong transport links and steady buyer interest. Investors and first-home buyers drive demand, supported by interstate and overseas migration. House price estimates range $1.05m–$1.55m, with annual growth of 13.6%–19.2%; units sit around $596k–$620k, growing near 17%. Houses sell in a median 14 days, with listings about 45% below the five-year average. Rental yields are modest for houses (3.0%–4.8%) but stronger for units (6.2%–6.5%), with median rents at $1,000 and $750 per week. Key risks are tight supply, scarce established stock, and low inventory driving price competition. Future growth relies on persistent supply shortfalls and population pressure, though affordability and rate sensitivity may temper momentum.
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PropCred Estimated Value

Comparable Sales: 707/8 Adelaide Terrace, 2-bed unit, sold $810,000 in 2011 | Property Price Band: $900K-$1M | Value Drivers: River outlook, two-car parking, lease in place

Bedrooms

2

Bathroom

2

Parking

2

Land

1.53 ha

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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