55/35 Hastings Street Scarborough WA 6019

Modern build 2018 | 2-bed unit | Scarborough location | Above median pricing | 5.4% estimated yield This property presents a competitively strong offering due to its modern construction in a high-activity suburb, avoiding the premium for absolute beachfront while capturing rental demand. Its 2018 build date minimizes near-term capital expenditure risk for an investor and appeals to tenants seeking contemporary finishes. The estimated rental yield sits at the upper range for this suburb profile, serving an investor targeting a balance of modern asset appeal and cash flow over speculative land value growth. The primary decision risk is paying a material premium against the established suburb median for internal area, with the unit’s 60m² size commanding a price above the typical 2-bedroom market. This costs the buyer in reduced comparative value per square meter. The commercial logic is acquiring a newer, lower-maintenance property in a transacted market, suggesting a hold strategy for sustained rental occupancy. Our property report validates this price positioning through real sales evidence, detailed strata health checks, and precise locality risk assessment. Scarborough’s 2-bedroom unit median price is $725,000, with 161 sold this year averaging 9 days on market. This unit, priced in the low-mid $800,000s, trades at a notable premium. This premium is partially justified by its 2018 construction versus typically older stock, but buyers must confirm the price per square meter aligns with recent sales of comparable modern units to ensure fair value.