60/78 Terrace Road, East Perth WA 6004

60/78 Terrace Road, East Perth WA 6004
3 bed 2 bath 2 car | 2005 build | riverfront precinct | heritage and flood overlay | strong executive rental demand This apartment is competitively strong because three-bedroom units with two car bays are rare in East Perth, where most stock is smaller one- and two-bedroom product. The 2005 build offers modern floorboards, air conditioning, a study, balcony, and gym access—features that appeal to downsizers and professionals seeking inner-city living without a house. Its position in the Terrace Road precinct provides river and park proximity, and the school catchment for Highgate Primary and Bob Hawke College adds family appeal. This property serves buyers who want a larger footprint, parking, and amenity in a central location where such configurations are limited. The heritage and flood overlays may constrain future renovations or external changes, which could affect resale appeal for buyers wanting to modify the unit. The 241-square-metre lot figure likely reflects strata entitlement rather than usable land, so the actual private space is smaller than that number suggests. Rental demand for three-bedroom units with two car bays appears strong in this building, but achieved rent will depend on floor level and outlook, which are not verified here. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 60/78 Terrace Road, East Perth WA 6004
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

224m²

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