2206/380 Murray Street, Perth WA 6000
2206/380 Murray Street, Perth WA 6000
22nd floor | western sunset views | supersize one-bedder | resort-style tower
The property occupies a rare configuration edge in Perth’s apartment market: a genuine one-bedroom with a floor plan that rivals many two-bedders for living space, paired with an uninterrupted western aspect that is seldom available in this price band. The 2019-2020 build quality, stone finishes and timber flooring signal a premium product that should hold its value better than neighbouring stock. This unit suits a professional seeking a primary residence with strong lifestyle amenity, or an investor targeting the upper tier of Perth’s rental demand where quality supply is constrained.
The main risk is the 43 sqm internal area, which may limit future capital growth compared to larger apartments in the same building, and the strata fees typical of a full-service tower will compress net yield. The heritage overlay adds no practical constraint but may affect insurance terms. The opportunity lies in the end-date sale process: a buyer who can move quickly and offer decisively may secure the unit below the $642,000 estimate. Hold this property as a long-term city base or rent it to a high-income tenant; its scarcity of view and floor plan will sustain demand through market cycles.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Perth’s inner-ring suburbs are positioned as highly competitive, transport-connected locations. Demand is driven by equity-rich upgraders, downsizers, and investors, alongside first-home buyers contending with rapid entry-level price rises. The market exhibits exceptionally strong price growth and tight conditions, with listings far below long-term averages and properties selling rapidly. Future growth is supported by sustained population increases and critically low rental vacancy rates, though key risks include significant affordability constraints and potential sensitivity to interest rate movements.