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WA › South Perth › Mill Point Rd

U10, 89 Mill Point Rd, South Perth WA 6151

For saleUnit

$162,026

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $162,026 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $162,026(Listing record · 24 Aug 2026)
  • CalculationAsk is 93% below the South Perth median recorded sale ($2,400,000, n=39, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at South Perth's advertised median rent ($712/wk), implied gross yield would be 22.85% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$162,026

Asking

No recorded sale for this property.

South Perth at a glance

14,424

People

$2,400,000

Median sale

$712/wk

Median rent

1.54%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full South Perth report →

Vs South Perth

-93.2%

Median sale

Suburb $2,400,000

+21.31 pp

Gross yield

Suburb 1.54%

Suburb median $2,400,000 from 39 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$162,026
Stamp Duty (Western Australia)
$3,592
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$169,543

$7,517 on top of the price (4.6% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with South Perth's advertised median rent — not a rent for this listing.

Net yield
21.35%
Annual cashflow (pre-tax)
$26,168
Interest cover (DSCR)
4.11
Annual rent
$37,024
Operating expenses
$2,430
Loan amount
$129,621
Annual interest
$8,425
Gross yield
22.85%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$162,026available24 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $712/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 22.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

South Perth in one glance

South Perth at a glance

14,424

People

$2,400,000

Median sale

$712/wk

Median rent

1.54%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full South Perth report →

Keep researching

  • Why South Perth? Read the area thesis →
  • What else is on the market in South Perth →
  • Other records on Mill Point Rd →

Listing material

Listed by Realmark Urban

MOVE IN READY!

** SNEAK PREVIEW THIS SAT 29 AUG! **

SET DATE SALE - All Offers Presented @ 6:00pm Wed 16 September unless sold prior.

This end unit in a well maintained complex is move-in ready! Loaded with natural light, freshly painted and with brand new carpet, start enjoying the South Perth lifestyle today and the amazing convenience that it brings. Situated on the northern end of the building on the 1st Floor, access is via the elevator or stairs with excellent security.

Read the full description

Take advantage of the extensive walking and cycling paths along the South Perth foreshore for early morning or twilight walks while enjoying some of the best views of the Perth city skyline.

What we love:

- Brand new carpet throughout

- Freshly painted throughout

- Spacious open plan meals/family

- Large master bedroom with walk-in-robe

- Bed 2 with 4 built-in-robes

- Well zoned bedrooms

- Enclosed sunroom - ideal play room or separate home office/study

- Secure, gated vehicle & pedestrian entry

- Elevator or stair access

- Single carport

Additional Features:

- Separate bathroom and toilet

- Separate, spacious laundry

- New lights

- Wall mounted a/c unit

Outgoings:

- Council rates: $2,167.40/pa for current financial year

- Water rates: $971.37 financial year 2025/2026

- Strata levies $1,183.00/Quarterly

- Reserve Fund $127.40/Quarterly

What to know:

- Strata title

- Short stroll to bustling Mend St shopping precinct

- Short walk to Good Grocer South Perth supermarket (open 24/7)

- 5min walk to South Perth foreshore for walks, jogging & cycleways

- Easy ride into Perth CBD

- Super convenient access to Perth CBD Kwinana Freeway on-ramp and off-ramp

SET DATE SALE: All Offers Presented at 6:00pm, Wednesday, 16 September 2026 unless sold prior.

For further details Paul Evensen pevensen@realmark.com.au 0439 923 844.

Listing description written by Paul Evensen, Realmark Urban — reproduced as published, not verified by Districts.

Property features

  • Toilets: 1
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.