29 Vasto Loop, Hammond Park WA 6164
29 Vasto Loop, Hammond Park WA 6164
New 4×2 family house | 186m² internal, 375m² lot | Sits above typical Hammond Park stock | Mid-4% yield signals | Family and investor demand
This is a genuinely fresh family house in a suburb where much of the existing stock is older and smaller. The 186m² of internal space is the standout feature, giving it a clear edge over the compact 3×2 and smaller 4×2 homes that dominate the local market. It is priced near the upper end of Hammond Park’s family-house band, but the size and new condition justify that position. The property suits a buyer who wants a modern, low-maintenance home with room to grow, or an investor targeting the steady family-rental demand that the area consistently attracts. Its mid-sized lot keeps outdoor upkeep manageable while still offering a reasonable footprint for a young family.
The price point may feel full relative to older local stock, but the new build and larger floor plan are what carry the value here. The 375m² lot means limited scope for future subdivision or major extensions, so the value sits in the house itself rather than the land. Rental demand appears solid, with gross yields likely landing in the mid-4% range, which is respectable for a newer suburban house. Buyers should weigh whether the internal space matters more than a larger block, and consider that ongoing development in the surrounding growth corridor may support long-term price stability but also bring more competing supply.
|| Comparable Sales: 13 Gaebler Road sold near $999k, 29 Melbourne Loop around $850k | Property Price Band: $950k–$1.05M | Value Drivers: new condition, 186m² internal layout, family-oriented configuration
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Vasto Loop, Hammond Park WA 6164
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Hammond Park, 25km from Perth, has transformed into a tightly held family market. Demand is driven by a rapidly expanding population (up 42.96% from 2016 to 2021) of predominantly 30-39 year-old professionals earning above-average incomes. These buyers are largely mortgage-dependent (87% of owners), which underscores rate sensitivity. Prices have surged 16.4% compound annually, with median houses reaching $861,000; four-bed homes transact at $940,000. Market conditions are exceptionally tight: houses sell in 7-11 days, and monthly stock is thin (7-12 rentals, 6-16 sales). This scarcity supports near-term growth but exposure to interest rate movements and affordability constraints for entry-level buyers are key structural risks.
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PropCred Estimated Value
Comparable Sales: 13 Gaebler Road sold near $999k, 29 Melbourne Loop around $850k | Property Price Band: $950k–$1.05M | Value Drivers: new condition, 186m² internal layout, family-oriented configuration
Bedrooms
4
Bathroom
2
Parking
2
Land
375m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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