2818/380 Murray Street, Perth WA 6000
2818/380 Murray Street, Perth WA 6000
Compact high-floor studio apartment | Strong rental demand | Turnkey furnished setup | No car bay limitation | Resort-style tower amenities
This unit sits at the high-value end of the inner-city apartment segment, where its 28th-floor position, 2020 build, and fully furnished configuration create a rare turnkey offering. The integrated Murphy bed, Smeg appliances, and engineered timber flooring lift the interior beyond typical compact stock, while the complex’s heated rooftop pool, BBQ deck, and outdoor cinema add genuine lifestyle appeal. The property is best suited to investors seeking a low-maintenance holding with a tenant locked in at $650 per week until January 2027, or to single professionals and downsizers wanting a lock-and-leave base in the Perth CBD. Its small floor area and absence of a car bay are real constraints that narrow the buyer pool to those who prioritise location and amenity over space.
The lack of on-site parking may affect resale appeal, as many owner-occupiers in this segment expect at least one bay. The compact 35 m² internal area also limits the property to single occupants or couples, which narrows the tenant pool and may cap future rental growth. The existing tenancy provides immediate income certainty, but the fixed lease term means a buyer cannot occupy the property until early 2027. The strong gross yield signal around 7.1% on the asking price is attractive, though this should be weighed against typical strata fees and the potential for higher vacancy in a market with rising apartment supply.
Detailed Independent Property Report prepared by PropCred Analyst team for 2818/380 Murray Street, Perth WA 6000
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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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
1
Bathroom
1
Parking
-
Land
50m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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