702/659 Murray Street, West Perth WA 6005
702/659 Murray Street, West Perth WA 6005
1-bed | 7th floor | AIRE tower | 47sqm | 1 park | West Perth fringe | modern high-rise | investor core
This unit occupies a competitive position within West Perth’s newer high-rise stock. Its compact 47-square-metre floorplan is typical for a modern one-bedroom apartment but the inclusion of a dedicated parking space and lift-served access lifts its practical appeal above many older walk-ups in the area. The building’s mid-2010s construction means contemporary finishes and security features are already in place, reducing immediate maintenance concerns. This property serves best as a low-maintenance base for a professional working in the CBD or medical precinct, or as a rental holding for an investor seeking steady tenant demand from those same cohorts. The suburb’s proximity to King’s Park and the university fringe adds lifestyle weight that older apartment stock in the area cannot match.
The 47-square-metre internal area may constrain appeal for buyers accustomed to more generous floorplans, and the absence of a confirmed private balcony reduces the unit’s amenity compared to some competing listings within the same building. Body-corporate fees for a tower of this age and density might absorb a meaningful portion of gross rental yield, which should be factored into any cash-flow projection. The unit’s 7th-floor position offers outlook that is adequate but not commanding, and any future high-rise development on adjacent sites could further alter the view corridor. These factors may influence how the property is priced relative to higher-floor or balcony-equipped alternatives in the same complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 702/659 Murray Street, West Perth WA 6005
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
West Perth is a tightly held inner-city suburb positioned for sustained demand, driven by its proximity to the CBD and robust transport links. Demand is fuelled by strong population growth, including interstate and overseas arrivals, while a chronic undersupply of housing stock creates intense competition, accelerating capital growth as evidenced by recent rapid price appreciation. Future growth is anchored in this persistent supply-demand imbalance, though affordability pressures and interest rate sensitivity remain key constraints for the market.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
75m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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