34/33 Spinnaker Boulevard, Geographe WA 6280

34/33 Spinnaker Boulevard, Geographe WA 6280
Marina-precinct townhouse | 3 bed 3 bath 2 car | Built 2013 | Waterfront lifestyle demand | Flood overlay noted This townhouse holds a competitive edge through its compact 200 square metre footprint paired with a triple bathroom configuration, which is uncommon in this segment and signals a higher spec than typical suburban stock. Its position within Spinnaker Boulevard places it in the established Port Geographe marina environment, where value is driven by water adjacency, secure parking, and low maintenance living rather than land area. That combination serves downsizers, second home buyers, and lifestyle purchasers seeking lock and leave convenience without sacrificing a coastal address. The 2013 build is recent enough to avoid the maintenance concerns of older stock, while the dual level format, ensuites, and courtyard add practical everyday appeal. The flood management planning controls attached to the record may affect future renovation or extension potential, and that is a factor worth investigating before any offer. The small land size might limit buyers seeking outdoor space, meaning its resale audience is narrower than a conventional house. Price outcomes could also be influenced by the precise outlook within the complex, the quality of internal finishes, and how the townhouse compares to others in the immediate marina cluster, so a physical inspection should focus on those points rather than broad suburb metrics.
Detailed Independent Property Report prepared  by PropCred Analyst team for 34/33 Spinnaker Boulevard, Geographe WA 6280
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk
Execution Risk
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Market Insight

Geographe, a tightly held coastal suburb near Bunbury, is drawing affluent owner-occupiers and families, with just 10 properties on the market and houses selling in a median 14–15 days. The median house price sits around $923,000, up 10–12% over the past year, while annual sales of 94–124 houses signal active but inventory-constrained turnover. Capital growth is rated premium, and a 38.9% unit-to-house ratio plus elevated new residential building values point to sustained developer interest. The principal constraint is scarcity: near-zero development applications and rapid absorption keep upward pressure on prices, though thin supply limits transaction volume.
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PropCred Estimated Value

Comparable Sales: 27/33 Spinnaker Boulevard sold $705,000 in May 2025; 1/47 Spinnaker Boulevard sold $1.25M | Listed Price Band: $800,000–$900,000 | Value Indicator: marina position, internal condition, flood planning overlay

Bedrooms

3

Bathroom

3

Parking

2

Land

200m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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