22/149-151 Adelaide Terrace, East Perth WA 6004

22/149-151 Adelaide Terrace, East Perth WA 6004
2008-built unit | secure parking & lift | strong rental yields | river-view potential | flood overlay The apartment was built in 2008 and is placed within a secure complex that is equipped with parking, lift access, gym, pool, sauna, and BBQ spaces. The unit is viewed as strong for the inner-city market, with typical 1 to 3 bedroom layouts and many larger formats that are suited to owner-occupiers. The location on Adelaide Terrace is considered a major advantage, being close to the CBD, river, and Langley Park, which is appealing for a low-maintenance lifestyle. Strong rental demand is indicated by the building’s yield history, with figures around 6.5 to 7% being observed. This property is best matched to an investor or downsizer who prioritizes convenience and amenity. The actual floor level and orientation of this unit, which have not been confirmed, might affect its value, as it is indicated by comparable units that river views are secured on higher floors and different aspects are faced on lower levels. The property is also subject to a flood overlay and a heritage overlay, which may be seen as affecting insurance costs and potential restrictions on alterations. The condition of the internal finishes and the size of the balcony could be considered a factor, as could the overall strata quality and the building’s rental performance. These elements are to be weighed by buyers when forming a price view.
Detailed Independent Property Report prepared  by PropCred Analyst team for 22/149-151 Adelaide Terrace, East Perth WA 6004
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✓
Income Risk ! 1
Execution Risk ✓
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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

Comparable Sales: Unit 43 (2 bed, 2 bath, 1 car) sold $600k; Unit 94 (3 bed, 2 bath, 1 car) sold $739k | Listed Price Band: $600k–$700k | Value Indicator: floor level, aspect, internal condition

Bedrooms

2

Bathroom

2

Parking

1

Land

195m²

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