23/65 Palmerston Street, Perth WA 6000

23/65 Palmerston Street, Perth WA 6000
2-storey terrace apartment, 96m² interior | The Maltings precinct | character-industrial styling | owner-occupier appeal | parking data conflict This double-storey terrace-style apartment is considered an uncommon configuration within inner Perth’s apartment stock, where single-level units are more prevalent. The substantial 96-square-metre internal area is regarded as generous for a two-bedroom dwelling, and the character-industrial finish is likely to appeal to buyers seeking a design-led, non-standard home. The property sits within The Maltings, a precinct that conveys a heritage-inflected, walkable urban environment. It is best suited to owner-occupiers—professionals or downsizers—who prioritise space, individuality, and proximity to the city over conventional investor-grade attributes. The inconsistency in parking records may influence buyer perception and achievable price, particularly for those requiring secure parking. The 2007 sale at $515,000 versus the current asking range suggests capital growth that might warrant scrutiny. The lack of confirmed school catchment could be a consideration for families. These factors might affect relative value for different buyer segments.
Detailed Independent Property Report prepared  by PropCred Analyst team for 23/65 Palmerston Street, Perth WA 6000
Checks found:
Value Risk
Liquidity Risk 2
Planning Risk 2
Income Risk ! 1
Execution Risk
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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.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

1.47 acres

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