3106/63 Adelaide Terrace, East Perth WA 6004

3106/63 Adelaide Terrace, East Perth WA 6004
2 bed 2 bath north-facing river views | resort amenities with concierge | 2019 build in East Perth | flood overlay flagged This apartment offers a configuration that is genuinely well suited to the inner-city market. Two bedrooms and two bathrooms with secure parking and a north-facing balcony that captures river and stadium views is a combination that appeals strongly to downsizers and professionals seeking lock-and-leave living. The 2019 build places it among the newer stock in East Perth, and the resort-style amenities including a gym, pool, and onsite concierge lift the day-to-day experience above what older apartments in the suburb provide. For a buyer who values views, modern finishes, and low-maintenance living in a central location, this unit sits comfortably in the premium end of the local apartment market. The flood overlay reported for the property is a factor worth understanding before forming a view on price. It may affect insurance costs or lender appetite, and it is the kind of detail that can narrow the buyer pool slightly if not well understood. The size discrepancy between sourcesโ€”97 square metres versus 118 square metresโ€”is not unusual for apartment listings but it does mean a buyer should confirm the internal floor area with a physical inspection or title search. The prior sale at $605,000 in 2021 and a later sale in the same building at $935,000 suggest the building has seen meaningful price growth, but floor level, aspect, and fit-out differences between units mean those figures are only directional. A buyer should weigh the view and amenity strength against the overlay risk and size clarity when deciding what the property is worth to them.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3106/63 Adelaide Terrace, East Perth WA 6004
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Market Insight:

East Perthโ€™s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

3406mยฒ

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