L 1 5C/62 Great Eastern Highway, Rivervale WA 6103
L 1 5C/62 Great Eastern Highway, Rivervale WA 6103
2 bed 1 bath 1 car | highway-front strata unit | yield strong near CBD and airport | investor and first-home fit | corridor noise a real trade-off
This unit sits in a busy but well-connected part of Rivervale, and its main strength is the rental return. Comparable units in the same building have been achieving weekly rents between $530 and $595, which translates to yields that are noticeably higher than what you would typically find in inner Perth. That makes this property a sensible choice for an investor looking for steady cash flow rather than waiting on land value growth. The configuration is compact and practical, and the building itself shows a mix of long-term residents and investors, which suggests a stable tenancy profile rather than a high-turnover rental block. For a first-home buyer, it offers a lower entry point into a suburb that is close to the CBD and the airport, though the highway frontage means you are trading some quiet for convenience.
The highway position is the main factor that might shape how this property is priced. Traffic noise and the busy arterial setting could limit appeal to owner-occupiers who prioritise peace, and that may keep price growth modest compared to properties tucked away on quieter streets. On the other hand, the same exposure supports strong rental demand from people who need quick access to the city, the airport, or major roads. The building’s age and the specific condition of this unit are not confirmed, so a buyer should weigh how much updating might be needed and how that affects the overall outlay. The surrounding corridor has seen redevelopment interest, which could gradually lift the area’s profile, but that is not a near-term certainty for this particular unit.
|| Comparable Sales: 11A/62 Great Eastern Highway sold at $400,000; 35B/62 sold at $350,000 | Property Price Band: $350,000–$400,000 | Value Drivers: rental yield, unit condition, highway exposure
Detailed Independent Property Report prepared by PropCred Analyst team for L 1 5C/62 Great Eastern Highway, Rivervale WA 6103
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Rivervale, a compact 3-square-kilometre suburb established in the 1840s and largely developed through the 1950s–60s, sits five kilometres from the Perth CBD. The market is split: houses trade at a median of $851,000–$941,000 and have grown 12–19.4% annually; units, at $575,000–$600,000, have grown 17.35–19.4% and yield around 6%, drawing investor demand. Houses rent at $750 weekly and units at $680, with median house selling times of 8–14 days, indicating tight inventory. The suburb’s small footprint and city proximity are structural growth supports; the high house prices and rapid price growth are the key affordability constraints.
PropCred Estimated Value
Comparable Sales: 11A/62 Great Eastern Highway sold at $400,000; 35B/62 sold at $350,000 | Property Price Band: $350,000–$400,000 | Value Drivers: rental yield, unit condition, highway exposure
Bedrooms
2
Bathroom
1
Parking
1
Land
1.97 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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