20/11 Melville Parade, South Perth WA 6151
20/11 Melville Parade, South Perth WA 6151
New-build 2023 | Low-rise apartment | River-adjacent strip | Secure parking | Strong rental yield
This unit sits within a recently completed low-rise building on Melville Parade, a river-adjacent corridor that holds a premium position in South Perth. The 2023 build places it ahead of much of the older strata stock nearby, offering modern finishes, efficient layouts, and the lower maintenance expectations of a new building. For a buyer seeking a lock-and-leave lifestyle with strong walkability to the foreshore, cafés, ferry access, and the CBD, this property is well aligned. It suits professionals, downsizers, or investors targeting steady rental demand, with the building’s age and secure parking adding practical appeal.
The unit’s exact floor and orientation are not confirmed, which matters here because aspect and outlook drive value in this pocket. A north-facing or higher-level position may offer river or garden views and command a noticeable premium, while a lower or rear-facing unit might trade outlook for privacy and quieter living. Strata fees are an ongoing consideration, with comparable buildings showing quarterly levies around $600 to $1,000, and these should be weighed against the convenience and shared amenities provided. Rental returns appear healthy, with two-bedroom units in the building indicating yields near six percent, which may support investor interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 20/11 Melville Parade, South Perth WA 6151
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
South Perth’s river-front lifestyle and CBD access keep it a premium choice, with a median house price of $2.165m after 20.3% annual growth and units at $870,000 (up 27.9%). Demand is led by downsizers, interstate and international migrants, and buyers priced out of other capitals, strongest in the $1m–$2m-plus range. The market is tight: Greater Perth listings sit 42% below the five-year average, and houses trade in about 10 days. Rental yields are 2.4% for houses and 4.2% for units, with vacancy at 3.6%. Growth drivers include rate cuts, rapid migration, and chronic undersupply. Key constraints are eroding affordability, stretched first-home buyer deposits, high building costs, and sparse stock below $1m.
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PropCred Estimated Value
Comparable Sales: 6/11 Melville Parade sold $655k; 25/11 Melville Parade sold $800k | Property Price Band: $650k–$800k | Value Drivers: Building age, floor level and orientation, secure parking allocation
Bedrooms
2
Bathroom
2
Parking
1
Land
2334m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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