Como WA Property Investment

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## 2. Market Overview - Median house price: $1,600,000 - Median unit price: $905,402 - 1‑yr price growth: +15.5 % - 5‑yr CAGR: +3.2 % per year - 3‑yr forecast: +13.5 %

*Signal:* Capital growth is accelerating (15.5 % in the last 12 months) and is expected to stay strong (13.5 % over the next three years). With no days‑on‑market figure supplied, we cannot gauge seller urgency, but the price momentum suggests sellers can command premium prices while buyers should act quickly to lock in current valuations.

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## 3. Rental Market - Median weekly rent: $850 - Gross rental yield: 2.8 %

*Vacancy rate* and *demand rating* are not provided, so we cannot quantify tenant pressure. The 2.8 % yield is modest; investors should expect modest cash flow and rely on capital growth to drive total returns.

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## 4. Short‑Term Rental Opportunity Data for nightly STR rate, occupancy, and estimated annual revenue are not supplied. Without those figures we cannot calculate STR profitability, so the default recommendation is to focus on long‑term rental (LTR) until reliable STR data becomes available.

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## 5. Infrastructure & Growth Drivers No specific projects, transport upgrades, or employment‑base details are included in the data set. The suburb’s Investment Scorecard of 70/100 indicates a generally favourable environment, likely underpinned by existing infrastructure and proximity to the Perth CBD (within 5 km), which is a positive attribute rather than a risk.

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## 6. Bull Case Assume the 3‑year forecast materialises and supply remains constrained:

If rental yields improve to 3.2 % (a 0.4 % rise) while rent stays at $850 pw, annual gross rent would be $44,200, giving a 3.2 % yield on the house median price and 4.4 % on the unit median price, further boosting total return.

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## 7. Risks | Risk | Metric / Reason | Potential Impact | |------|-----------------|------------------| | Vacancy risk | Vacancy rate not disclosed – could be higher than market average, eroding cash flow. | | Yield sensitivity | Current yield 2.8 % leaves little margin if interest rates rise; a 1 % rate increase could push net cash flow negative. | | Supply pipeline | No data on upcoming developments; a sudden influx of new units could depress prices and rents. | | Single‑employer exposure | No employer concentration data; if the suburb relies heavily on one sector, sector‑specific downturns could affect demand. |

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## 8. The Play - Entry range: Target properties around the median – $1.55‑$1.65 million for houses and $880‑$940 k for units. - Minimum yield target: ≥ 3.0 % gross to provide a buffer against rate hikes. - Watch signals: 1. Confirmation of the 13.5 % 3‑yr growth forecast in quarterly price reports. 2. Emerging vacancy data from local rental surveys. 3. Announcements of new housing supply or infrastructure projects. - Recommended strategy: Acquire a well‑maintained house or unit at the lower end of the entry range, hold for 3‑5 years to capture capital growth, and monitor rental market data to decide whether to switch to STR if future occupancy and nightly‑rate information become favourable.