202/17 Malata Cres, Success WA 6164

202/17 Malata Cres, Success WA 6164
2-bed 1-bath apartment | built 2014 | gym and pool on site | $650/week rental signal | second floor with balcony The apartment is recognized for its efficient 2×1 configuration, which is well-matched to first-time buyers and investors. Built in 2014, the property is positioned within a complex that offers gym and pool amenities, a feature that is not commonly found in standard apartment stock. A second-floor balcony is included, and the open-plan living area is finished with a gas cooktop and built-in robes. The unit is considered most suitable for those seeking low-maintenance living near Cockburn Central, where transport and shopping are easily accessible. Its value is strengthened by the combination of modern finishes, shared amenities, and a convenient location. Costs may be affected by strata levies, which are required for shared gym and pool. A bushfire overlay is recorded, though no flood or heritage constraints are noted. Rental demand might be supported by the reported weekly appraisal, but price expectations could be moderated by the presence of similar units in the complex. Kitchen and bathroom condition, along with common area upkeep, may be evaluated during inspection. >> Comparable Sales: Unit 402/17 Malata Crescent sold $500,000 in June 2025; Unit 401/17 sold $500,000 in August 2025 | Property Price Band: $500k–$600k | Value Drivers: condition, layout, gym and pool access
Detailed Independent Property Report prepared  by PropCred Analyst team for 202/17 Malata Cres, Success WA 6164
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Success, in Perth’s outer southern suburbs, is positioned as a family-oriented market with rapid price appreciation: houses hit a median of $830,000 (14.2% annual growth) and units $557,500 (19.9%). Demand is led by 30–39-year-old professionals, mostly mortgaged, drawn to quality school catchments, bus links to Cockburn Central, and Beeliar Regional Park. Houses sell in just 12 days, reflecting scarce listings and intense buyer competition. Gross rental yields of 4.7% for houses and 5.6% for units, alongside 11.4% capital growth, attract investors. Future growth is underpinned by WA’s 2.2% population expansion; however, affordability is stretched relative to median household earnings, and with 74% of owners holding mortgages, rate rises pose a clear risk. Tight supply-only 13 listings-limits choice but supports prices.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

84m²

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