5/101 Murray Street, Perth WA 6000

18th-floor city apartment | resort complex | strong rental yield | investor-heavy building This unit offers a rare combination of high-floor positioning within a full-resort complex and a floorplan that competes directly with newer stock, giving a buyer a configuration edge over many older Perth CBD apartments. The 2010 build avoids the premium of brand-new while sidestepping the depreciation and strata risk of much older stock. It suits an investor seeking a proven rental performer in a precinct with strong demographic demand from young professionals, or an owner-occupier wanting lock-and-leave with genuine amenity. The primary risk is the building’s high investor turnover, which can pressure common-area standards and strata levy stability, though the 55% owner-occupier split provides some counterbalance. The heritage overlay adds a layer of future development constraint that protects views but may limit major capital improvements. The opportunity lies in the building’s demonstrated rental yield—well above suburb median—and the fact that comparable units have traded recently at higher prices, suggesting current pricing may offer a discount relative to recent sales evidence.