3/5 Corney Street, Port Hedland WA 6721

Bushfire and flood overlays | Strata $3,185 quarterly | 73m² unit | Leased until Sept 2026 | 11.3% yield This property’s yield is pushed high by Port Hedland’s rental scarcity, not by underlying capital growth. The 73m² footprint and combined bathroom-laundry layout will limit appeal to owner-occupiers when the current lease expires in September 2026, forcing reliance on investors who accept the bushfire and flood risk. Holding through the lease is the rational short-term use; long-term, the strata fees and hazard overlays cap resale value below suburb median. What is competitively rare here is the reliable cash flow: a fixed $890 per week until late 2026 removes vacancy risk in a market where rental stock is tight. The walk-in robe in the main bedroom and private courtyard are unusual for a 1970s unit this size. This property serves best as a low-touch income hold for an investor who values yield over appreciation and is prepared for the eventual buyer pool to be narrow. To test your purchase price against the lease term and hazard costs, request the strata meeting minutes and an insurance quote inclusive of flood cover.