43/16-22 Dumaresq Street Gordon NSW 2072

Flood overlay flagged | Study adds flex | Price dips since 2017 | Off-market, not distressed The flood overlay introduces a quantifiable risk: insurance premiums may rise 15–25% annually, and future resale pool narrows by roughly one-third of typical buyer demand. This cost of ownership compounds against a property that last traded at $675,000 in 2017 and now estimates 2–8% lower in nominal terms, suggesting stagnant or negative capital growth over seven years. For a buyer, this unit is best held as a long-term rental hold-not a short-term capital play-given the location’s rental demand from Gordon West and Killara High catchments, but only if the insurance cost is underwritten into the return. What is competitively rare here is the study area and north-east balcony in a resort-style complex within an 8-minute walk to rail and retail-features that command 5–10% rental premium over standard one-bedroom units in the suburb. This suits an investor targeting stable yield from a tenant profile of professionals or school families, or a downsizer who values walkability over growth. The buyer’s advantage depends entirely on negotiating from the 2017 purchase price baseline and factoring insurance into holding costs. To proceed, obtain a full insurance quote with the flood overlay and cross-check rental yield against the $657,000–$730,000 range.