Merritt Property Group
Merritt Property GroupIndependent buyer's agency, QLD based, Australia-wideFree 15-min call

Client result: Eglinton, WA

Dual key home, Eglinton, Perth

This dual key home in Perth’s northern coastal suburbs was purchased in 2023 for $719,990. Its value has since climbed 46% to more than $1 million, on a 7.2% rental yield.

The numbers

46% value growth

Purchase price
$719,990 (dual key, May 2023)
Current value
$1,050,000 (high confidence, realestate.com.au, March 2026)
Rent appraisal
$995 per week (Ray White Real Estate, March 2023)
Rental yield
7.2%

Figures as published at the dates shown, from the sources shown. Past performance does not guarantee future results.

A dual key property is two dwellings on one title: a main home plus a self-contained secondary residence. Two rental incomes from one purchase is what drives this property’s 7.2% yield, well above the typical capital city average.

Purchased in May 2023 for $719,990 in Eglinton, in Perth’s northern coastal growth corridor, the property was valued at $1,050,000 by March 2026 (high confidence, realestate.com.au). That is 46% growth in under three years, with $995 per week in appraised rent.

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$60k+ equity at handover

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Interstate investors Tracy and Kristian bought a new house and land package at Morayfield, 40km north of Brisbane, and saw its value rise by more than $60,000 between purchase and completion.

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Location
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Buyers
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Munno Para, SA

50%+ value growth

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This Adelaide home was purchased off the plan in 2022 for $532,210. Its value has since jumped more than 50%, with a 5.9% rental yield.

Purchase price
$532,210 (off the plan, June 2022)
Current value
$799,000 (high confidence, realestate.com.au, March 2026)
Rent appraisal
$605 per week average (Silvertail Real Estate, April 2026)
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8.2% rental yield

Off-the-plan home, Zuccoli, Darwin

Sold off the plan in November 2024, this Top End home has already jumped 32% in value and returns an 8.2% rental yield.

Purchase price
$460,500 (off the plan, November 2024)
Current value
$675,000 (median house price, realestate.com.au, March 2026)
Rent estimate
$725 per week (high confidence, realestate.com.au, March 2026)
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