15/524 Hay Street, Perth, WA 6000 | Property Value & History | OnTheHouse
 
OFF MARKET

15/524 Hay Street
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 255m2
Land area: 258m2
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Property Details for 15/524 Hay St, Perth

Building Type
Commercial
Year Built
1900
Floor Size
255m2
Land Size
258m2
Local Government
Perth
Lot/Plan
15/S002534

Last Listing description (February 2026)

Unit 14 & 15, 524 Hay Street Perth is a beautifully appointed office leased to one of Australia's largest legal firms in the very heart of Perth's legal quarter.

Strategically located in the heart of Perth's legal quarter with close proximity to the Supreme Court of WA , the Federal Courts, District Courts and the Magistrates Courts as well as the Treasury precinct and Perth Library, the property comprises of 528sqm of strata floor with a beautiful office fit out.

Key attributes include:

Level 5 with two strata units giving future flexibility
Location on the northern side of Hay Street
Surrounded by Supreme Court, Federal Court, District Court and Magistrate Court
Fully leased with net Passing Income $260,141 pa*
Net Return of 8.7%

Asking Price: $2,990,000 (GST Free)

For further information or to arrange an inspection, please contact the agents:

Brett Wilkins
0478 611 168
brett.wilkins@raywhite.com

Luke Pavlos
0408 823 823
luke.pavlos@raywhite.com

*Approx

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Property History for 15/524 Hay St, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$2,800,000
23 Jun 2023
  • 09 Dec 2025
    Listed for Sale $2,990,000 (GST Free)
  • 23 Jun 2023
    Sold for $2,800,000
  • 22 Jul 2022
    Listed for Sale $3,250,000 (Going Concern)
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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2016 was 11425 people. By 2021 the population was 13670 showing a population growth of 19.6% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation.In 2021, 32.50% of the homes in Perth were owner-occupied compared with 35.10% in 2016.

Perth has 12,101 properties. Over the last 5 years, Houses in Perth have seen a 55.65% increase in median value, while Units have seen a 60.09% increase. As at 31 March 2026:

  • The median value for Houses in Perth is $1,386,298 while the median value for Units is $697,298.
  • Houses have a median rent of $855 while Units have a median rent of $750.
There are currently 149 properties listed for sale, and 71 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 874 properties were sold in the past 12 months in Perth.

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