FOR SALE
Above $299,000 - Home Open Cancelled Property Sold

12E/811 Hay Street
Perth WA 6000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Prime Investment Opportunity

This fully furnished, one-bedroom apartment on the 12th floor of the Paragon Building is an ideal investment for those seeking reliable returns and long-term growth potential.
Why This Investment Stands Out
Central CBD Location with Strong Tenant Appeal
- Prime Location: Located in the heart of Perth’s CBD, with the free CAT bus service and easy access to train and bus stations.
- Proximity to Business Hubs: Walking distance to major mining, oil, and gas company headquarters, drawing demand from industry professionals.
- Lifestyle & Convenience: Surrounded by essential amenities—Coles, Woolworths, specialty shops, cinemas, cafes, restaurants, and food courts—making it highly appealing for urban tenants.
Apartment Highlights
- Area: 41 m² internal, 45 m² total
- Lease: Leased at $450 per week until February 2025, ensuring stable income.
- Elevated Views: Situated on the 12th floor, ideal for tenants desiring high-floor city living.
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Property Details for 12e/811 Hay St, Perth

12e/811 Hay St, Perth is a 1 bedroom, 1 bathroom Unit. The place is currently for sale with Key Performance Real Estate.

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Unit

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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2011 was 9,236 people. By 2016 the population was 11,424 showing a population growth of 23.7% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation. In 2011, 37.1% of the homes in Perth were owner-occupied compared with 35.1% in 2016.

Perth has 11,665 properties. Over the last 5 years, Houses in Perth have seen a 33.11% increase in median value, while Units have seen a 45.23% increase. As at 31 October 2024:

  • The median value for Houses in Perth is $1,023,675 while the median value for Units is $548,965.
  • Houses have a median rent of $700 while Units have a median rent of $655.
There are currently 164 properties listed for sale, and 80 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 822 properties were sold in the past 12 months in Perth.

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Walter Iustini
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