2/175 Hay Street, East Perth WA 6004
2/175 Hay Street, East Perth WA 6004
3 bed unit | below-median price | East Perth | young renter-heavy suburb | flood and heritage overlay
This unit at 2/175 Hay Street presents a rare entry point into East Perth’s three-bedroom market, priced well below the suburb’s $959,000 median in a building with majority owner-occupiers. The configuration—three bedrooms, two bathrooms, and a single garage on a 165 m² lot—suits downsizers or investors targeting the dominant 20–39 age cohort that makes up 61% of the local population. The 2005 build avoids the premium of new stock while offering modern layouts, and the building’s 60% owner-occupancy rate signals stable management and lower turnover risk compared to the suburb’s 74% renter average.
The flood and heritage overlays are the primary risks, likely affecting insurance premiums and future resale flexibility, though no bushfire overlay applies. The property’s below-median price creates a margin for negotiation, but the 23-day average days on market suggests buyers should act decisively in a fast-moving environment. School catchment access to Highgate Primary and Bob Hawke College adds long-term appeal for families, while the 5G coverage and proximity to Perth CBD support rental demand in a renter-heavy area. An inspection on 16 May is advised to assess the actual internal space versus the 165 m² total area listed.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/175 Hay Street, East Perth WA 6004
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
165m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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