91/22 St Georges Terrace, Perth WA 6000

2-bedroom terrace apartment | 120m² internal space | 48% resident turnover <3yrs | Building sales data indicates value pressure This unit presents a functional, larger-format apartment in a well-established building, suitable for a budget-conscious buyer prioritizing space over capital growth. Its core utility lies in its substantial internal area for a two-bedroom configuration, a comparative rarity that offers practical living space. The building's high resident turnover suggests a transient population, which typically aligns with investor activity and can indicate consistent rental demand, positioning this property as a straightforward, high-yield rental proposition rather than a premium owner-occupier residence. Decision hinges on accepting subdued capital growth for cash flow. Recent sales of comparable two-bedroom units in the building show negative annual growth, a clear financial risk for a buyer relying on equity build. Conversely, the established rental yields near 8% present a commercially logical, income-focused opportunity. Acquire this property strictly as a held rental; its value proposition is cash generation, not appreciation.