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WA › South Perth › Mill Point Rd

U15, 150 Mill Point Rd, South Perth WA 6151

For saleApartment

$619,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

62 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $619,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $619,000(Listing record · 28 Aug 2026)
  • FactLand 62 m²; no building size recorded.(Property record)
  • CalculationAsk is 74% 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 5.98% — 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

$619,000

Asking · $9,984/m² of land

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

-74.2%

Median sale

Suburb $2,400,000

+4.44 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
$619,000
Stamp Duty (Western Australia)
$23,418
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
$646,343

$27,343 on top of the price (4.4% 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
4.48%
Annual cashflow (pre-tax)
$-4,449
Interest cover (DSCR)
0.86
Annual rent
$37,024
Operating expenses
$9,285
Loan amount
$495,200
Annual interest
$32,188
Gross yield
5.98%

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$619,000available28 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. Listed land size is 62 m² — that is not 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 6.0%. 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. Listed land size is 62 m² — that is not 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 Ray White ELG

WHERE THE RIVER MEETS THE CITY…

Proudly Presented by Edward Lim | Ray White ELG

Some apartments are all about the four walls. Others are about the feeling you get when you walk through the front door, and this one is very much about the view, the setting and the lifestyle that comes with it.

Set on the first floor of a secure and beautifully maintained complex, 15/150 Mill Point Road is a well presented 2 bedroom, 1 bathroom apartment with something you simply can't add later, an uninterrupted outlook across the Swan River towards the Perth city skyline.

Read the full description

Step onto the balcony to enjoy river and city views. It's the kind of outlook that makes a morning coffee a little more enjoyable, gives you the perfect spot for an afternoon drink and turns an ordinary evening into something worth sitting down and enjoying.

Inside, the apartment has been nicely updated, with both the kitchen and bathroom renovated to give the home a fresh, modern feel without the hassle of taking on a renovation yourself.

The kitchen is practical and well laid out, with plenty of bench space and good cupboard storage. There's also a cleverly integrated washing machine tucked away in the kitchen, keeping the laundry neatly out of sight.

Both bedrooms are comfortable and well proportioned, with built-in robes and carpet underfoot. It's a straightforward, functional layout that works equally well for an owner-occupier, couple, downsizer or investor.

Then there's the complex itself... Gated and secure, the grounds are beautifully maintained and include undercover parking, two separate outdoor seating areas and a barbecue area, all positioned to make the most of those incredible river and city views.

And perhaps the feature you'll appreciate most is one you don't see from the apartment at all.

A private staircase and pathway from the complex takes you directly down to Sir James Mitchell Park and the riverfront. That means the river is quite literally at your doorstep.

Go for an early morning walk, head out for a jog, take the kids or the dog to the park, enjoy a picnic on the grass or simply wander down in the evening and watch the sun disappear behind the city skyline. It's an everyday convenience that makes this location feel genuinely special.

And when you want to head into the city, you're only moments away. South Perth offers the best of both worlds, easy access to the CBD while still giving you the cafes, restaurants, riverfront walks and relaxed atmosphere that make the suburb so popular.

Whether you're looking for a home that's easy to lock up and leave, a comfortable downsizer or an investment in one of Perth's most tightly held riverside locations, this apartment offers plenty to like.

The Property & What We Love?!

• Year Built: 1968 | Built Up Area: 62m2

• 2 bedrooms, 1 bathroom

• Uninterrupted Swan River and Perth city views

• Renovated kitchen with excellent bench and cupboard space

• Hideaway washing machine within the kitchen

• Renovated bathroom

• Built-in robes to both bedrooms

• Carpeted bedrooms

• Gated and secure complex with undercover parking

• Beautifully maintained communal gardens

• Two communal seating areas

• Barbecue area overlooking the Swan River and city

• Private staircase and pathway to Sir James Mitchell Park

• Close to South Perth's cafes, restaurants, riverfront and everyday amenities

• Estimated Rental: $670 - $720/week

Outgoings

• Council Rates: app. $2,023.44 (FY 26-27)

• Water Rates: app. $924.04 (FY 25-26)

• Strata Levies: Approx. $1,517.00/qtr (Admin: $1,100.00/qtr, Reserve: $117.00/qtr & Special Levy: $300.00/qtr)

For those looking for more than just an apartment, 15/150 Mill Point Road offers something considerably more valuable, a lifestyle. Give listing agents Edward Lim or Jaidyn Wood a call.

** We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.**

Listing description written by Edward Lim, Ray White ELG — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Dishwasher
  • Secure Parking
  • 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.