7/40 Wright Street, Kewdale WA 6105
7/40 Wright Street, Kewdale WA 6105
Modern 2018 build | 2×2 apartment with parking | Kewdale infill pocket | Strong rental appeal | Practical mid-suburb location
This unit competes well because it is newer than most Kewdale stock, where older houses still dominate the streetscape. The 2018 build gives it modern finishes, efficient layout, and lower maintenance demands than the suburb’s ageing detached homes. For a buyer wanting lock-and-leave living with secure parking, this format suits first-timers, downsizers, or investors targeting the airport and industrial workforce nearby. The 830 m² site context means the complex sits on a larger lot, which can soften density and add a more open feel than tighter infill projects. Its position near Belmont Forum and transport links strengthens everyday convenience without sacrificing the quieter residential character of Wright Street.
Value may be influenced by the lack of confirmed orientation or floor level, as these affect light and privacy. Strata levies and building management quality are not visible from listing data, so those should be checked before committing. The 2×2 configuration with parking holds broad appeal, but any premium over older units depends on how the interior compares to similar modern stock in the area. Rental demand appears steady for this product type, which might support price if the property is presented well and maintained to a high standard.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/40 Wright Street, Kewdale WA 6105
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Kewdale is a tightly held family market anchored by airport and industrial employment proximity, with houses averaging 9–10 days on market. Families dominate demand for 3–4 bedroom houses between $800k and $1m, while investors and downsizers target 2-bedroom units under $600k. Median house prices range from $800k to $870k, with annual growth of 16.8–22.3%. Units have grown 10.5–23.5%, with gross yields of 5.8–6.15% versus 4.1–4.73% for houses. Limited supply (only five listings) and annual sales of 75–105 houses underpin price momentum. Future growth rests on continued transport investment along Orrong Road and school catchment demand. Key risks are affordability stretching first-home buyers in a high-rate environment and investor sensitivity to interest rates over capital growth.
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PropCred Estimated Value
Comparable Sales: 17/11 Rowlands Street sold $420,000 in 2014; 54 Wright Street house sold $728,000 in 2024 | Property Price Band: $600,000–$700,000 | Value Drivers: Modern build quality, secure parking, low-maintenance layout
Bedrooms
2
Bathroom
2
Parking
1
Land
830m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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