403/5 Harper Terrace, South Perth WA 6151

Luxury 2019 apartment | 18% annual suburb unit growth | $1,000+ weekly rent potential | Elite riverside lifestyle Positioned in the heart of the South Perth peninsula, this 2-bedroom, 2-bathroom apartment in the “Aurelia” complex offers a sophisticated urban lifestyle with a strong track record of growth. Units in South Perth have surged by 18.8% over the past year, reflecting the area’s resilience and perennial appeal. The property features a generous 119m² floor plan and high-end finishes typical of its 2019 construction. With an estimated value of $1,036,000, it caters to the premium executive tenant or downsizer seeking a secure “lock-up-and-leave” residence near the Mends Street precinct. The investment case is bolstered by an impressive rental estimate of $1,000–$1,145 per week, supported by a vacancy rate that remains near historic lows for the 6151 postcode. Residents benefit from being within the South Perth Primary School intake area and having immediate access to the ferry terminal and Swan River foreshore. While the property does have a detected flood overlay common to the area, its elevated fourth-floor position mitigates direct risk while preserving views. This is a high-conviction asset in a market where the median house price has climbed past $2.1 million, pushing more buyers toward premium apartment living.