77/273 Hay Street, East Perth WA 6004
77/273 Hay Street, East Perth WA 6004
Top floor, north-east aspect | 76sqm two-bedder in a resort-style complex | 86-lot boutique building from 2002 | strong rental demand near the CBD and hospital | flood and heritage overlays noted.
What stands out here is the combination of a top-floor position and a north-east orientation, which is genuinely uncommon in this pocket of East Perth. Most comparable units in the building sit lower or face less favourably, so the natural light and privacy this level offers should hold appeal for owner-occupiers who want a quiet, well-positioned home rather than just an investment box. The 76sqm internal layout is practical for a couple or a single professional, and the separate store room adds everyday utility that many newer apartments lack. The complex itself, with its pool, spa, gym and sauna, gives a resort-style feel that suits downsizers or city workers wanting low-maintenance living without sacrificing amenity. For an investor, the rental evidence in the building points to healthy yields, particularly if the unit is presented well or furnished, and the proximity to Royal Perth Hospital, the free CAT bus and the CBD keeps tenant demand consistent.
The value picture may be shaped by a few factors worth weighing. The building is from 2002, so finishes and fixtures could feel dated compared to newer stock, and any renovation history would matter. The flood and heritage overlays on the parcel might limit future redevelopment flexibility, though for a strata apartment this is more a planning note than a practical concern. The 2×1 configuration is common in the area, so differentiation relies on the top-floor aspect and presentation. Rental returns may also vary noticeably depending on furnishing and condition, so a fresh appraisal would be sensible before committing.
|| Comparable Sales: 1/273 Hay Street sold at $542,000; 38/273 Hay Street sold at $500,000 | Property Price Band: $500,000–$600,000 | Value Drivers: top-floor aspect, north-east orientation, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 77/273 Hay Street, East Perth WA 6004
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
East Perth’s proximity to the CBD and transport infrastructure underpins its desirability. Demand is driven by investors and first-home buyers competing for limited stock, particularly at the market’s lower end, supported by strong population growth. This competition, amid a severe shortage of listings, has accelerated price growth and compressed selling times. Future momentum relies on the persistent supply-demand imbalance, though the primary constraint remains the acute shortage of quality housing stock.
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PropCred Estimated Value
Comparable Sales: 1/273 Hay Street sold at $542,000; 38/273 Hay Street sold at $500,000 | Property Price Band: $500,000–$600,000 | Value Drivers: top-floor aspect, north-east orientation, condition and presentation
Bedrooms
2
Bathroom
1
Parking
1
Land
103m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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