3/29 Birdwood Street Innaloo WA 6018

Boutique six-unit complex | 61sqm internal on 120sqm lot | 2016 build | Walk to Yuluma Primary | Lock-and-leave positioning This apartment offers a rare combination of modern build quality and a small complex size that typically commands a premium over larger developments. The 61sqm internal floor plan is efficient rather than spacious, but the 120sqm lot provides private outdoor space that most Innaloo units lack. Built in 2016, the property avoids the maintenance concerns of older stock while still being young enough that depreciation benefits remain meaningful for an investor. The location within Yuluma Primary’s intake area and proximity to Stirling’s amenities serve a dual market of young families and professionals seeking a low-maintenance base. This property suits buyers who prioritise a turnkey purchase with limited competition from neighbouring units. The primary risk is the price premium over Innaloo’s median two-bedroom unit value of $680,000, which the buyer must justify through the boutique complex and newer construction. Rental yield at $810 per week against an $800,000 purchase price sits below 5.3%, which is acceptable for owner-occupiers but thin for pure investors. The absence of heritage or flood overlays is neutral, though the lack of FTTP NBN is a minor drawback for remote workers. The opportunity lies in the property’s scarcity—only five other units in the complex—which supports long-term capital stability. Hold this property as a core residence or a low-touch rental, and exit only when the complex’s age or market cycle shifts the buyer profile.