Lot 43, Woogan Street, Southern River WA 6110 – Accolade


  • 4
  • 2
  • 2
  • 300m²
  • H & L

The best aspect of the Southern River area is its harmonious blend of suburban tranquility and convenient urban living. It strikes a balance between providing a peaceful and family-friendly environment with access to modern amenities and recreational opportunities. The suburb’s close proximity to beautiful natural reserves, such as Bungendore Park and Wungong Regional Park, is a standout feature, offering residents the chance to enjoy picturesque landscapes and engage in outdoor activities. Additionally, Southern River’s strong sense of community and the ongoing development of the Southern River District Centre contribute to its appeal, creating a cohesive and vibrant neighborhood for residents.

Economic Drivers:

✅ Ranford Road Widening: The City of Gosnells has allocated funding to widen Ranford Road, a major arterial road passing through Southern River. The project aims to improve traffic flow and enhance road capacity to cater to the growing population.

✅ Southern River District Centre: The Southern River District Centre is a planned commercial precinct that will serve as a hub for shopping, dining, and entertainment. The development is designed to meet the needs of the local community and enhance convenience for residents.

✅ Roe Highway Extension: The cost of the Roe Highway Extension project is estimated to be around $470 million. The completion date of the project is projected to be in 2024, subject to any changes or delays in the construction schedule.

Employment Hubs:

✅ Canning Vale: Located west of Southern River, Canning Vale is a well-established employment hub with a diverse range of industries. It is known for its industrial and commercial areas, housing numerous businesses across sectors such as manufacturing, logistics, construction, and technology.

✅ Forrestdale Business Park: Situated to the north of Southern River, Forrestdale Business Park is a rapidly growing industrial precinct. It offers a range of employment opportunities, particularly in manufacturing, construction, logistics, and warehousing.

✅ Murdoch Health and Knowledge Precinct: Positioned to the northwest of Southern River, the Murdoch Health and Knowledge Precinct is a major hub for healthcare, research, and education. It is home to Fiona Stanley Hospital, Murdoch University, and a range of medical and research institutions, providing employment opportunities in the healthcare and knowledge sectors.

→ Check out the info pack and AreaSearch report below to find out more about these projects and other important economic drivers.

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  • $38.28/m

  • 11.8%

  • 5.35%

  • 0.39%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area185.88 m²
Build price$358,900
Land price$244,000
Title StatusAugust 2023
Contract typeSplit
Council Rates*$125/m
Water Rates*$40/m
Tax depreciation*$598.16/m
Rental Income*$2686/m
* these figures are an estimate only, based on current average rates and current relevant figures.