9 Flagship Avenue, Waikiki WA 6169
9 Flagship Avenue, Waikiki WA 6169
3 bed 2 bath double garage | modern compact family format | family-oriented Waikiki pocket | park and beach proximity | practical suburban appeal
This property sits squarely in the modern family segment of Waikiki’s housing market, offering a layout that matches what most buyers in this corridor are actively searching for. The three-bedroom, two-bathroom configuration with double garage is efficient without feeling cramped, and it aligns well with the newer compact homes that have reshaped this part of the suburb. For a young family or a first-home buyer looking to step into a low-maintenance house near parks, schools, and the coast, this format is genuinely competitive. It is not a prestige property, but it does not need to be; its strength lies in being a practical, move-in-ready option in a suburb where family demand remains steady. The location near Flagship Avenue Reserve and within easy reach of local shopping and Warnbro Beach adds everyday convenience that supports its appeal.
What may materially affect value is the balance between land size and building footprint. Newer compact homes in this area often trade on internal quality and low upkeep rather than generous outdoor space, so if this property follows that pattern, the block size will likely cap its ceiling compared to older Waikiki homes on larger lots. The absence of premium positioning, such as waterfront or elevated views, means its value will be driven more by condition and presentation than by scarcity of location. Buyers should weigh whether the modern layout and finishes justify the price relative to older homes that offer more land but require renovation. The rental market in the area, supported by steady family demand, may also factor into how an investor views the property’s income potential.
|| Comparable Sales: 34 Bottlenose Circuit sold around $709,000 for a 2016-built 3×2; 9 Jubilee Drive sold at $530,000 for an older 3×1 on larger land | Property Price Band: $700,000–$800,000 | Value Drivers: modern condition, double garage layout, proximity to parks and beach
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Flagship Avenue, Waikiki WA 6169
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Waikiki is a coastal, family-oriented market where owner-occupiers dominate: 61% hold mortgages and homes are mostly 3-5 bedrooms. House prices sit near $730,000 after roughly 12% annual growth; units rose 28.8% to $554,000. Houses sell in 12-28 days, with 216-224 annual sales, pointing to liquid demand. Rents climbed 9.1% to $600 weekly, but gross house yield is 3.3%, below WA’s 4%, capping investor appeal. Unit activity is thin, with some periods recording no sales or rent. The 61% mortgage share leaves the market exposed to rate moves. Growth hinges on coastal lifestyle, established infrastructure, and steady family buyer demand.
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PropCred Estimated Value
Comparable Sales: 34 Bottlenose Circuit sold around $709,000 for a 2016-built 3×2; 9 Jubilee Drive sold at $530,000 for an older 3×1 on larger land | Property Price Band: $700,000–$800,000 | Value Drivers: modern condition, double garage layout, proximity to parks and beach
Bedrooms
3
Bathroom
2
Parking
2
Land
336m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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