703/6 Baumea Way, Innaloo WA 6018
703/6 Baumea Way, Innaloo WA 6018
2 bed likely | mid-80s to 100m² | upper-end Innaloo apartment | strong rental demand | recent sales above suburb norm
This unit sits in a newer Baumea Way complex that is clearly performing above the typical Innaloo apartment stock. The configuration, likely two bedrooms with one or two bathrooms and a single car bay, is the modal layout in the building, and the floor area is generous for the suburb, which tends to favour older, smaller low-rise units. Recent sales in the same complex have landed at the upper end of the local market, which suggests the building holds its value well, likely due to its contemporary fitout, parking provision, and the general liquidity of the area. It is best suited to an owner-occupier wanting a low-maintenance base near retail and transport, or an investor looking for consistent rental appeal from professionals and downsizers. The rental evidence points to strong demand, with similar units leasing quickly and achieving rents that imply a reasonable gross return before costs.
The price paid for this unit may be influenced by how its internal condition and aspect compare to the better-performing units in the building. A higher floor level, as the unit number suggests, might offer improved light or outlook, which could support a slight premium, but that is not confirmed. The car bay count and exact bathroom configuration could shift the perceived value, as could the quality of the finishes, which are unverified. Buyers should weigh the building’s recent sale results against the specific features of this unit, particularly its size and layout, when forming a view on price. The absence of confirmed details around balcony size or shared amenities means the final value will hinge on what is actually inspected.
|| Comparable Sales: 701/6 Baumea Way sold $745,000; 704/6 Baumea Way sold $700,000 | Property Price Band: $700,000–$800,000 | Value Drivers: floor level, internal condition, layout efficiency, rental yield potential
Detailed Independent Property Report prepared by PropCred Analyst team for 703/6 Baumea Way, Innaloo WA 6018
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Innaloo sits 10 km from Perth, close to beach and Westfield Innaloo, with parks and primary schools. Demand is led by renters and younger adults; the average age is 20 to 39 and 33.84% of households rent, attracted to retail and transport links. House prices have climbed 5.3% to 18.76% over the past year, with medians between $905,000 and $957,501; units reached $680,000, up 14.3%. The market is brisk: houses sell in around 9 to 12 days, with 166 to 178 sales annually, and vacancy is just 0.65%. Future growth rests on ongoing demand for beachside urban amenity, tight rental supply, and major retail infrastructure, but high entry costs, stock up 23.64% for houses, and rate sensitivity are constraints.
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PropCred Estimated Value
Comparable Sales: 701/6 Baumea Way sold $745,000; 704/6 Baumea Way sold $700,000 | Property Price Band: $700,000–$800,000 | Value Drivers: floor level, internal condition, layout efficiency, rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
86m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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