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WA › Belmont › Great Eastern Hwy

U311, 239 Great Eastern Hwy, Belmont WA 6104

For saleApartment

$595,000

For sale

Asking

1

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $595,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $595,000(Listing record · 1 July 2026)
  • CalculationAsk is 39% below the Belmont median recorded sale ($977,500, n=36, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Belmont's advertised median rent ($682/wk), implied gross yield would be 5.96% — 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

$595,000

Asking

No recorded sale for this property.

Belmont at a glance

7,941

People

$977,500

Median sale

$682/wk

Median rent

3.63%

Suburb gross yield

Median sale from 36 recorded sales (last 12 months) — a Districts calculation.

See the full Belmont report →

Vs Belmont

-39.1%

Median sale

Suburb $977,500

+2.33 pp

Gross yield

Suburb 3.63%

Suburb median $977,500 from 36 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$595,000
Stamp Duty (Western Australia)
$22,278
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
$621,203

$26,203 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 Belmont's advertised median rent — not a rent for this listing.

Net yield
4.46%
Annual cashflow (pre-tax)
$-4,401
Interest cover (DSCR)
0.86
Annual rent
$35,464
Operating expenses
$8,925
Loan amount
$476,000
Annual interest
$30,940
Gross yield
5.96%

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$595,000available1 July 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 $682/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.

  • 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

Belmont in one glance

Belmont at a glance

7,941

People

$977,500

Median sale

$682/wk

Median rent

3.63%

Suburb gross yield

Median sale from 36 recorded sales (last 12 months) — a Districts calculation.

See the full Belmont report →

Keep researching

  • Why Belmont? Read the area thesis →
  • What else is on the market in Belmont →
  • Other records on Great Eastern Hwy →

Listing material

Listed by Realestate 88 East Perth

Find Your Place at Bel-Air Apartments.

BRAND NEW DEVELOPER STOCK BENEFITS -

FIRST HOME OWNER GRANT, SUBJECT TO ELIGIBILITY

INVESTORS CAN TAKE ADVANTAGE OF NEGATIVE GEARING BENEFITS

Read the full description

BUYERS BENEFIT FROM THE CAPITAL GAINS TAX DISCOUNT ON FUTURE RESALE

Some addresses simply feel right the moment you arrive. Bel-Air Apartments is one of them. Rising gracefully across nine levels and home to 194 generously proportioned residences, this is a development conceived not merely as a place to sleep, but as a place to truly live, where thoughtful design, premium amenity, and an enviable location converge to create something altogether rare: a home that works as hard for your lifestyle as you do.

Bel-Air Apartments is more than a place to live; it's a lifestyle carefully considered from the ground up. Spread across nine levels, this is contemporary living designed around the things that matter most: comfort, community, and convenience.

THE APARTMENT:

Located on the 3rd Floor with an east facing aspect, as soon as you step inside the quality speaks for itself. Every residence at Bel-Air has been finished with a discerning eye, hybrid flooring flows underfoot with the warmth and resilience modern life demands, while sleek porcelain benchtops and matching splashbacks bring a sense of considered luxury to the kitchen. A European oven and cooktop with undermount rangehood make entertaining a pleasure, whether you're hosting a dinner party or simply enjoying a quiet weeknight in.

The bathroom is equally well-appointed, featuring semi-recessed vanity with built-in cabinetry and drawers that keep everyday essentials neatly out of sight. Bedrooms offer built-in robes and year-round air conditioning, so whether it's a Perth summer evening or a crisp winter morning, your comfort is never in question. This is a home designed to be lived in, and loved.

STRATA AREA:

Internal: 45 sqm, Balcony Area: 12 sqm, Parking: 14 sqm, Storeroom: 4 sqm, Total: 75 sqm

OUTGOINGS (APPROX.):

Strata Levies: $510.47 p/q

FACILITIES:

Bel-Air Apartments encapsulate a premium lifestyle tailored to meet the needs of every resident. The complex boasts an array of contemporary amenities designed for relaxation, fitness, and socialising. Residents have exclusive access to a state-of-the-art gym, a communal games room and lounge for leisure and entertainment, a rejuvenating sauna, a sparkling outdoor pool for refreshing dips, and BBQ areas for outdoor entertaining.

The abundance of visitor parking ensures that hosting friends and family is always convenient, enhancing the communal and welcoming atmosphere of Bel-Air.

AN ADDRESS THAT CONNECTS YOU TO EVERYTHING!

Location is the one thing you can never change, and at Bel-Air, it's one of the greatest assets of all. Positioned just 3.5 kilometres from Perth Airport, this address delivers exceptional connectivity that will resonate with frequent travellers, FIFO workers, and those who simply value the freedom of being perfectly placed. The energy of the city is within reach, but the pace here is altogether more considered a welcome balance for singles, young couples, and downsizers alike who want connection without compromise.

Step outside and Centenary Park is just moments away, a beautiful green escape complete with a sporting oval, two playgrounds, BBQ facilities, a cricket practice net, and a picturesque lake encircled by a walking path. It's the kind of neighbourhood amenity that makes everyday life feel a little more expansive.

Everyday essentials are equally well catered for at Belmont Forum just 2.5 kilometres away where supermarkets, specialty retailers, and a cinema precinct sit under one roof.

For dining and café culture, the renowned Victoria Park strip beckons at 4.5 kilometres, while the Perth CBD remains effortlessly accessible at just 6 kilometres away.

When it comes to entertainment, Bel-Air residents are spoiled for choice. Belmont Racecourse delivers winter season excitement virtually on the doorstep, while the iconic Ascot Racecourse brings the magic of spring and summer racing to life just 625 metres away. World-class AFL, cricket, soccer, and major international events await at Optus Stadium, just 3.5 kilometres from your front door. The Crown Complex, Perth's premier destination for dining, gaming, and live entertainment, is equally close at hand.

This is a location that simply never runs out of reasons to leave the couch, or reasons to stay home.

A home this considered doesn't stay available for long!

Contact Jasmyn Wright on 0488 488 644 today to arrange your private viewing.

BOUTIQUE BY DESIGN. AWARD-WINNING BY NATURE. INNER-CITY BY HEART!

DISCLAIMER

All sizes of the property are estimated, and buyers should rely on their own measurements when onsite. All rates/outgoings are approximate/estimates and subject to change without notice. Buyers are to rely on their own due diligence prior to purchasing. All distances are approximate and provided by Google Maps. All distances of the property to nearby amenities are estimates and buyers should rely on their own measurements.

Listing description written by Jasmyn Wright, Realestate 88 East Perth — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Ensuites: 1
  • Gym
  • Intercom
  • Living Areas: 1
  • Reverse Cycle Aircon
  • Secure Parking
  • Toilets: 1

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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.