18/172 Mill Point Road, South Perth WA 6151
18/172 Mill Point Road, South Perth WA 6151
This is a two-bedroom, one-bathroom apartment with one car space, covering 85 square metres on the ground floor of a mid-density complex. It offers river views and a practical layout, typical of South Perth’s established apartment stock from the 1990s to 2000s.
What is competitively strong here is the combination of river views and a functional floor plan at an entry-level price point within South Perth. The unit’s position on Level 1 still captures a sense of the precinct’s appeal, and the 85-square-metre internal area is generous for a two-bedroom apartment, offering genuine liveability. This property sits slightly below the suburb’s typical price tier, making it a rare opportunity for price-conscious upgraders or first-home buyers who want a foothold in a riverside location. The short ferry ride to the CBD adds daily convenience, and the unit’s straightforward configuration should appeal to those prioritising location over luxury finishes.
Factors that may materially affect value include the single car space, which could limit appeal for households with two vehicles, and the ground-floor aspect, which may offer more constrained views than upper-level units. The absence of confirmed amenities like a pool or lift might also narrow the buyer pool, though this is common for apartments of this era. Rental demand is likely moderate, with typical yields around four to five per cent, but the unit’s size and location should support steady interest. Buyers weighing price should consider how these factors compare with other units in the same complex or nearby, particularly those with additional parking or higher floors.
Detailed Independent Property Report prepared by PropCred Analyst team for 18/172 Mill Point Road, South Perth WA 6151
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
South Perth is a premium riverside suburb offering exceptional lifestyle and CBD proximity. Demand is driven by downsizers, interstate migrants, and those priced out of eastern capitals, competing for limited stock in a chronically undersupplied market. This has fuelled strong recent price growth across housing segments. Future growth is underpinned by sustained migration and low vacancy rates, though key constraints include declining affordability and a persistent shortage of listings, particularly at entry-level price points.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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