184B Hare Street, West Lamington WA 6430

UNDER OFFER Brick investment property ~ 8% Yield with Government Lease

UNDER OFFER Eastern states investors — tired of low yields and high holding costs? This is the shift.
Leased to the WA Housing Authority until August 2028, this is a secure, high-performing asset delivering strong income from day one.

The Property

• 3-bedroom, 1-bathroom brick/veneer home
• Open plan living, dining with updated kitchen and bathroom
• Practical layout suited to long-term tenancy
• Not located in a bushfire or flood zone

Investment Snapshot

• $720 per week rental income
• Lease secured to August 2028
• Rent review due June 2026
• Reliable tenant in place since August 2021
• Low vacancy risk
• No strata fees – 2-lot subdivision, both with street frontage
• 496m² block | 119m² home

Why This Outperforms

• Approx. 8% gross yield
• Perth typical yields: ~4%–5%
• Sydney/Melbourne: ~2.5%–4%
• Strong cash flow from day one
• Lower holding costs, less reliance on growth
• Tight local rental market supporting demand

Income & Outgoings

• $37,440 annual income

Estimated Outgoings

• Rates: ~$2,400
• Water: ~$300
• Management: ~$3,180
• Maintenance: ~$1,000
• Insurance: ~$1,500
Total: ~$8,380

Condition

• Updated kitchen and bathroom
• Well maintained by current owners
• Presented in good condition throughout
• No immediate maintenance required

Why This One Performs

Government leases with strong weekly rent are tightly held. Add low maintenance, no strata fees and proven tenant stability — this is a clean, reliable investment.

Secure This Investment

Contact Iris Haynes on 0420 471 461 if you are interested in this property and like to get more information