702/305 Murray StreetPerth WA 6000
Property Details for 702/305 Murray St, Perth
702/305 Murray St, Perth is a 1 bedroom, 1 bathroom Unit and was built in 2003. The property has a land size of 33m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (April 2026)
An exceptional investment opportunity within The Oaks Perth Hotel, this well presented one bedroom apartment offers a secure, fully managed income stream in a prime city location.
Positioned within the hotel complex, the apartment forms part of a long term lease arrangement and must be leased exclusively through The Oaks Hotels management, providing investors with a hands off investment while benefiting from Perth's strong tourism and corporate accommodation market.
Inside, the apartment features a light filled open plan living and dining area complemented by a compact and functional kitchenette. The bedroom includes built in storage and air conditioning for year round comfort, while the well appointed bathroom is finished in a clean contemporary style.
• Long lease investment within The Oaks Perth Hotel
• Must be leased exclusively through The Oaks Hotels management
• Base rent currently $1,696.95 per month (adjusted quarterly)
• Annual fixed rent increase of 2.5%
• $3,000 per annum contribution from The Oaks Hotel towards outgoings
Current Returns:
Gross income: $20,695.35 per annum
Key Features:
• Fully self contained apartment with functional kitchenette
• Air conditioning to bedroom
• Internal laundry and linen storage
• Secure building in a sought after Perth CBD location
• Low maintenance, hands off investment opportunity
Located just moments from Elizabeth Quay, the Swan River, Perth CBD offices, shopping, restaurants and public transport, the property is ideally positioned to benefit from ongoing demand generated by corporate travellers, tourists and FIFO accommodation requirements.
Investor Focused:
This property is strictly for investment purposes and forms part of the hotel's managed leasing structure through The Oaks Hotels, offering a straightforward, low involvement investment in the heart of Perth.
Water Rates: $1,600.00 pa approx.
Council Rates: $1,1400.00 pa approx.
Strata Fees: $577.81pq
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries and satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.
Property History for 702/305 Murray St, Perth, WA 6000
- 31 Mar 2026Listed for Sale OFFERS
- 15 May 2021Sold for $235,000
- 05 Feb 2021Listed for Sale Under Contract
Recent sales nearby
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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 12,100 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.
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