33/8 Riversdale Road, Burswood WA 6100

This highly desirable 2-bedroom, 2-bathroom apartment with one car parking bay in a tightly held building with strong tenant demand represents excellent value for the investor. Leased at $460 per week until 22nd September 2022, it is showing close to a 5% return.

The Perth residential market has gone from strength to strength in the last year, bolstered by a world-leading COVID-19 economic recovery and has seen:

- A 40 Year low residential vacancy rate of 0.8% in November 2021;
- Apartment prices achieving 8 per cent annual growth over the past year;
- Unit transaction sales up 47.9% since Dec 2020;
- A 14.7% median rental price increase over the last 12-months;
- Improved dwelling finance activity; and
- Skyrocketing construction costs putting upward pressure on values for new apartment projects

Details
- Internal 75 sqm
- Balcony 25 sqm
- Store room 4 sqm
- Secure car bay
- Reverse Cycle air con to living and master bedroom
- Quality light fittings, window treatments and floor coverings
- The property is currently leased at $460 per week until 22nd September 2022.

Call Vicki Billings on 0434 659 843 or Greg Billings on 0434 659 808 now and make sure you don't miss out.
NB - Images indicative only