1A/158 Mill Point Road, South Perth WA 6151
1A/158 Mill Point Road, South Perth WA 6151
Prestige Hillside address | large three-bedroom apartment | flood overlay present | 1979 building requires scrutiny
This property offers a rare combination of generous floor area and two secure car spaces within a prestigious South Perth address, making it a strong candidate for buyers seeking a substantial apartment in a tightly held precinct. The buildingโs resale history shows sustained upper-market demand, and the Hillside location provides proximity to the foreshore and central amenities that typically support long-term value. It best suits a buyer prioritising space and location over a newer build, provided the strata and building condition are sound.
The flood overlay is the primary risk and should be investigated for its impact on insurance premiums and any council-imposed development constraints. As a 1979 building, common area maintenance, lift condition, and the strataโs capital works fund require careful review to avoid unexpected levies. If these factors are manageable, the apartmentโs configuration and position offer a rare foothold in a desirable market with limited comparable supply.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1A/158 Mill Point Road, South Perth WA 6151
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.