54/16 Grey Street, Cannington WA 6107
54/16 Grey Street, Cannington WA 6107
2 bed 2 bath apartment | 69 mยฒ internal area | priced above typical local units | active local market with fast turnover
This apartment offers a standard but well-configured two-bedroom, two-bathroom layout with a single car space, making it a practical choice for owner-occupiers seeking low-maintenance living or investors targeting steady rental demand. The internal area of 69 mยฒ is reasonable for this type of unit, providing enough space for comfortable daily use without excess. Its location in Cannington places it within a suburb where two-bedroom units sell quickly, reflecting consistent buyer interest and a liquid market. The property is best suited to professionals, couples, or small households who value convenience and are willing to pay a slight premium for a well-presented unit in an active area.
The asking price sits above what is typical for similar units locally, which may require justification through superior condition, a desirable floor level, or better finishesโdetails not yet confirmed. The broader site area of 1.11 hectares suggests the apartment is part of a larger development, which could influence strata fees or future maintenance obligations. Buyers should verify the building’s age, floor level, and aspect, as these factors may materially affect both livability and resale potential. Without confirmed rental figures, yield cannot be calculated, so investors should seek this data independently.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 54/16 Grey Street, Cannington WA 6107
Market Insight:
Cannington is a well-established, inner-ring suburb experiencing strong demand from young professionals, driving rapid price growth and a highly competitive sales market. This demand is supported by significant population growth and proximity to Perth, creating a tight rental market with solid yields. Future growth is underpinned by its established infrastructure and demographic momentum, though affordability pressures and interest rate sensitivity present key constraints to watch.