70 Jacaranda Drive, Ballajura WA 6066

$899k entry | 738sqm land | above median | stable but older area | buyer premium risk At $899,000 this property sits roughly 16% above the Ballajura median for three-bedroom houses, meaning the buyer pays a land premium for the generous 738 square metre block rather than the dwelling itself. The risk is twofold: the house was last sold in 1999, and no recent capital improvements are disclosed, which often means deferred maintenance costs of $30,000 to $60,000 for roofing or plumbing within five years. The opportunity lies in the land holding strategy—given 60% of residents have lived here over a decade and owner-occupancy is 81%, this property should hold value steadily, though it is better suited as a long-term hold than a short flip. Competitively, the large block on a quiet Jacaranda Drive with four recent sales in the street suggests consistent local demand, and the school catchment for Illawarra Primary within walking distance adds family appeal. The property best serves a buyer looking for space and stability in a mature suburb rather than instant capital growth or modern finishes. Before proceeding, verify the 1999 sale condition and commission a building inspection to quantify any renovation budget; the premium land position only works if the structure doesn’t bleed your returns.