2101/8 Adelaide Terrace, East Perth WA 6004

21st floor | 127m² internal | Queens Riverside | 2 park bays The 127 square metre internal floorplan is genuinely rare for a two-bedroom apartment in Perth, placing this unit well above the typical 70–90 square metre stock and giving it a floorplan that competes with smaller three-bedders. The 21st floor position in Queens Riverside secures outlook and light that lower floors cannot match, while the 2014 build avoids the compliance and defect risks attached to older high-rise stock. This property suits a professional couple or downsizer who values space and a central position over a house and garden, and the 70 percent owner-occupier ratio in the building signals a stable, well-managed complex. The flood overlay is a known risk that may affect insurance premiums and resale buyer sentiment, though it has not suppressed values in this precinct to date. The 30 percent renter share and 20–39 age skew mean some turnover should be expected, but that also supports consistent rental demand at the $1,105–$1,220 per week range. The 2012 last sale price is too dated to guide current entry logic, and the discrepancy between Domain’s $1.38 million and Property.com.au’s $972,000 estimate suggests a wide bid-ask gap that a buyer must test directly. Hold this property as a long-term inner-city base or a low-management rental, not a short-term flip.