602/8 Moreau Parade, East Perth WA 6004
602/8 Moreau Parade, East Perth WA 6004
High-floor 2016 build | ducted AC & premium finishes | strong rental yield | flood overlay noted
This unit presents a competitively modern offering within East Perth’s high-density precinct. Its 2016 construction places it among the suburb’s newer stock, with high-floor positioning, ducted air-conditioning, and quality European appliances delivering a tangible premium over older apartments. The configuration suits both owner-occupiers seeking CBD proximity and investors, with current rental estimates signalling robust demand and a yield attractive for inner-city stock. The property aligns precisely with buyer profiles seeking low-maintenance, amenity-rich living close to the city.
Your decision hinges on balancing this premium against inherent strata costs and the noted flood overlay, which may affect insurance and long-term sentiment. The substantial valuation uplift since its 2021 sale demonstrates the area’s momentum, yet future gains will be moderated by strata levies and potential market saturation. Acquire this as a long-term hold, leveraging its strong rental appeal to service debt while banking on the scarcity of well-appointed, modern units in this location. Its operational efficiency makes it a logical investment, not a speculative play.
Recent comparable sales are limited within the immediate building, underscoring the importance of a strata report. The property’s last sale at $564,000 in May 2021 provides a clear benchmark, against which the current price reflects significant market appreciation. This historical context is vital for assessing whether current asking prices are supported by suburb-wide growth or building-specific factors.
Detailed Independent Property Report prepared by PropCred Analyst team for 602/8 Moreau Parade, East Perth WA 6004
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
East Perths 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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
88m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!