9/23 Sharpe Avenue, Pegs Creek WA 6714

9/23 Sharpe Avenue, Pegs Creek WA 6714
Compact modern unit in Karratha | 11% gross yield potential | Flood overlay flagged | High strata holding cost The buying case rests on an unusually strong rental return for a single-bedroom apartment in a tight Pilbara market. The 2012 build, complex amenities like the pool, and furnished format align well with FIFO and professional tenant demand, offering an investor a low-maintenance income stream with minimal vacancy risk. This property suits a buyer focused on cash flow over capital growth, particularly one comfortable with the strata-managed, turnkey model common to Karratha’s rental stock. The flood overlay is a material risk that may tighten lender criteria and lift insurance premiums, while the $10,380 annual strata levy cuts the net yield to roughly 9% before other costs. Resale is narrower due to the single-bedroom configuration, though the high-entry price point in this suburb provides some floor. The opportunity lies in securing a premium tenant in a managed complex where rental demand historically outpaces supply, offsetting the holding costs if long-term occupancy is maintained.
Detailed Independent Property Report prepared  by PropCred Analyst team for 9/23 Sharpe Avenue, Pegs Creek WA 6714
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Pegs Creek is positioned as a high-demand suburb within Karratha, characterised by a significant undersupply of both houses and units. Demand is driven by a tight rental market, with vacancy rates critically low and a high proportion of renters, creating strong investor appeal. Recent price trends show robust growth, supported by quick sales and a market shifting in favour of sellers. Future growth is underpinned by this sustained undersupply, though key risks include a notable decline in sales volume and new residential development lagging behind demand.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

107m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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