3/418-428 Murray Street, Perth WA 6000

3/418-428 Murray Street, Perth WA 6000
2 bed 1 bath 1 car | 69โ€“70 mยฒ built 2005 | pool gym secure parking | heritage overlay | Bob Hawke College catchment This apartment sits in a strong position for inner-Perth buyers who want a modern build with genuine amenities. The 2005 construction is newer than much of the surrounding stock, and the combination of pool, gym, and secure parking is not universal in this price band. The 69โ€“70 mยฒ floorplan is functional for a couple or single professional, and the Bob Hawke College catchment adds schooling appeal that many similar units lack. It suits investors chasing CBD rental demand and downsizers who value low-maintenance living with good transport access. The heritage overlay is the main factor to weigh here. It may limit future alterations or redevelopment potential, which could affect long-term value growth compared to unencumbered sites. The floor level is not confirmed, and that can influence light, noise, and privacy โ€” a lower floor on a busy street may feel less desirable. The 1 bathroom is standard for the size but could be a constraint for some owner-occupiers. The 6.3โ€“6.6% gross yield estimate is reasonable for the area, but actual returns depend on tenancy demand and body corporate costs, which are not disclosed here.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3/418-428 Murray Street, Perth WA 6000
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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

1

Parking

1

Land

93mยฒ

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