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WA › Midland › The Cres

U41, 42 The Cres, Midland WA 6056

For saleApartment

$589,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $589,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $589,000(Listing record · 24 Aug 2026)
  • CalculationAsk is 17% below the Midland median recorded sale ($712,000, n=44, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Midland's advertised median rent ($601/wk), implied gross yield would be 5.31% — 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

$589,000

Asking

No recorded sale for this property.

Midland at a glance

6,940

People

$712,000

Median sale

$601/wk

Median rent

4.39%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Midland report →

Vs Midland

-17.3%

Median sale

Suburb $712,000

+0.92 pp

Gross yield

Suburb 4.39%

Suburb median $712,000 from 44 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$589,000
Stamp Duty (Western Australia)
$21,993
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
$614,918

$25,918 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 Midland's advertised median rent — not a rent for this listing.

Net yield
3.81%
Annual cashflow (pre-tax)
$-8,211
Interest cover (DSCR)
0.73
Annual rent
$31,252
Operating expenses
$8,835
Loan amount
$471,200
Annual interest
$30,628
Gross yield
5.31%

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$589,000available24 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 $601/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 5.3%. 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

Midland in one glance

Midland at a glance

6,940

People

$712,000

Median sale

$601/wk

Median rent

4.39%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Midland report →

Keep researching

  • Why Midland? Read the area thesis →
  • What else is on the market in Midland →
  • Other records on The Cres →

Listing material

Listed by Ray White Midland & Hills

Midland Living in a Prime Location

Positioned in the heart of Midland, this well-maintained two-bedroom, two-bathroom apartment presents an outstanding opportunity for first home buyers, downsizers, professionals and savvy investors alike.

Offering a smart and functional layout, the apartment combines comfortable interiors with an enviable location just moments from Midland Gate Shopping Centre, cafés, restaurants, public transport and the wider amenities of the Midland town centre.

At the heart of the home is the open-plan kitchen, living and dining area, creating a welcoming space for everyday living and entertaining. The kitchen is well equipped with a gas cooktop, dishwasher, pantry and ample storage, while the living area enjoys the comfort of reverse-cycle air conditioning.

Read the full description

Both bedrooms are generously proportioned, with the main bedroom featuring built-in robes and its own private ensuite. A second bathroom and European-style laundry add further practicality.

Step outside to your own private balcony - the perfect spot to enjoy your morning coffee or unwind at the end of the day.

Property Features:

* Two spacious bedrooms

* Two bathrooms, including ensuite to the master bedroom

* Open-plan kitchen, living and dining

* Well-appointed kitchen with gas cooking and dishwasher

* Built-in robes to the master bedroom

* Reverse-cycle air conditioning to the main living area

* Private balcony

* European-style laundry

* Secure single parking bay behind automatic gates

* Additional private storeroom

* Lift access

* Intercom entry

* Convenient rooftop garden within the complex

* Approx. 81m² internal living space

* Approx. 106m² total area including balcony and car bay

Location, Location, Location!

With Midland Gate Shopping Centre approximately 150m away and local cafés just a short stroll from your front door, convenience is truly at your fingertips. St John of God Midland Hospital is also nearby, while Midland's extensive public transport network provides easy access to Perth and the surrounding suburbs.

Whether you're looking for a low-maintenance home in a central location or a solid addition to your investment portfolio, this apartment delivers an appealing combination of lifestyle, convenience and practicality.

Opportunities like this in such a well-connected location don't last long.

For more information or to arrange a viewing, contact Richard Lowenhoff and Laura Savage from Ray White Midland and Hills today.

Listing description written by Richard Lowenhoff, Ray White Midland & Hills — reproduced as published, not verified by Districts.

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.