30/229 Adelaide Terrace, Perth WA 6000

North-facing 12th-floor apartment | boutique 54-residence complex | city and river views | strong rental demand in Perth CBD fringe This apartment offers a rare configuration in a small complex, with a north-facing balcony and city views that command a premium in the Perth market. The 61-62m² internal layout is efficient for a single professional or couple, and the full amenity set—pool, spa, sauna, gym—adds lifestyle appeal without the density of a large tower. The estimated rental yield near 6% on current market value is strong for the location, and the 50% owner-occupier ratio suggests stable building management. It suits a buyer seeking a low-maintenance city-fringe home with good rental potential or a downsizer wanting secure, amenity-rich living. The flood and heritage overlays introduce planning risk that may affect future redevelopment or insurance costs, though they are common in this precinct. The recent sale in April 2024 provides a clear price anchor, and the current list price sits below estimated value, offering a potential entry discount. Council rates are modest for the area. For a buyer, this property works best as a hold for steady rental income or as a personal residence with capital growth tied to Perth’s broader market trajectory.