18/140 Good Street, Harris Park NSW 2150
18/140 Good Street, Harris Park NSW 2150
Small balcony | ground floor exposure | low yield vs risk | no recent sale to benchmark
The propertyβs 5.39% rental yield sits below the 6.04% achieved by a comparable unit in the same complex in 2024, meaning an incoming buyer effectively pays a premium for lower income return. Without a recorded sale since 2015, price discovery is thin, and the high-value estimate of $650k seems unsupported by any nearby transaction data. For a buyer seeking stable cashflow, this unit underperforms relative to its own building history; for an owner-occupier, the $490kβ$570k mid-range offers reasonable entry into the Harris Park corridor if improvements or strata conditions allow value uplift.
What makes this unit competitive is its 100mΒ² floor area and secure parking, both rare in this price bracket near Parramattaβs CBD. The open-plan layout and district views serve a first-home buyer or investor wanting long-term hold rather than short flip. Comparable sales in the complexβ14/140 at $560k in July 2024 implying $650/week rentβshow the building can support resale above $550k. To capitalise, commission a strata report and building inspection within the next week; the 9-day listing window suggests sellers are motivated.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Harris Park presents a complex, undervalued market with divergent performance between its house and unit segments. Recent house price growth has been notably strong, attracting professional buyers within a younger demographic, while the high proportion of strata units creates a distinct, more affordable entry point. This dynamic suggests a suburb in transition, with future growth hinging on its ability to attract owner-occupiers seeking value, though the significant apartment supply remains a key constraint on overall capital growth.