7/24 Sussex Street, Nollamara WA 6061
7/24 Sussex Street, Nollamara WA 6061
Two-bedroom unit in tight nine-property block | 79sqm interior with 120sqm total | 80% renter suburb with strong 20-39 demographic | median days on market only eight.
This unit sits in a low-density building of just nine properties, which is competitively rare in a suburb where 80% of residents rent. The 79sqm interior is generous for a two-bedroom unit, and the total 120sqm footprint suggests usable private outdoor space. With 43% of the local population aged 20-39 and a median days-on-market of only eight, demand from young professionals or couples is clearly active. The property serves best as a well-sized first home or a low-maintenance holding for an investor targeting the rental majority.
The key risk is the 80% renter occupancy rate, which can mean less owner-care in common areas and potentially lower capital growth compared to more owner-occupied pockets. However, the opportunity lies in being one of only 20% owner-occupied properties in a building with 48% long-term residents — this suggests a stable, well-managed block. Proximity to Nollamara Primary and Dianella Secondary College adds family appeal over time, and the absence of bushfire risk lowers insurance friction.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/24 Sussex Street, Nollamara WA 6061
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Nollamara presents as a high-demand, affordable entry point into Perth’s northern suburbs, characterised by exceptionally fast-moving sales and strong capital growth. Demand is driven by owner-occupiers and investors attracted to its relative affordability and tight rental market, evidenced by rapid sales and high yields. Recent price trends show robust growth across both houses and units, with market conditions indicating intense competition and low stock turnover. Future growth is supported by sustained buyer activity, though the market exhibits sensitivity to affordability pressures and yield compression.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
839m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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