28/160 Mill Point Road, South Perth WA 6151

Foreshore and city views | 2-bed unit below suburb median | Strong downsizer appeal | Flood overlay flagged The property’s primary competitive edge is its positioning on the Mill Point Road corridor with direct views of the South Perth foreshore and Perth CBD skyline, a feature that commands a premium in a suburb where 2-bedroom units trade at a median near $725k. At an estimated $600k, the unit appears priced below that median, which may reflect the single bathroom, smaller lot size, or the flood overlay rather than a discount on location. For a downsizer or investor seeking blue-chip rental demand, the combination of secure parking, low-maintenance living, and proximity to cafes, parkland, and the CBD is a strong value proposition. First-home buyers may also find the entry point compelling if they accept the unit’s configuration trade-offs. The flood overlay is the principal risk and warrants independent verification before any offer, as it could affect insurance premiums and long-term holding costs. That said, the building’s 55% owner-occupier split and limited recent sales suggest a stable complex with low turnover, which can be a positive signal for buyer confidence. The short days-on-market average in South Perth (20 days) indicates strong demand, but the property’s pricing and flood flag may extend its exposure. For a buyer who can absorb the overlay risk, the unit offers a rare opportunity to secure a view-oriented apartment in a premium suburb at a sub-median price point.