904/36-42 Levey Street, Wolli Creek NSW 2205

2 bed 2 bath 1 car | mid-level in mixed-use | backs onto Cahill Park | building turnover high The property’s dual-aspect positioning—backing onto parkland while sitting in a mixed-use building with ground-floor commercial—gives it a rare balance of outlook and convenience that most units in Wolli Creek lack. The 2-bed 2-bath configuration with a dedicated car space aligns with the strongest demand segment in the building, where comparable units have held rental yields above 5% and shown modest capital growth over short holds. This unit serves best a professional couple or small family wanting walk-to-station amenity without sacrificing open space, and the building’s approval history suggests reasonable construction standards for its vintage. The primary risk is the building’s high ownership turnover—over a third of owners have held for less than three years—which can signal soft capital appreciation or dissatisfaction with building management. The negative growth on two comparables (unit 206 and unit 1101) reinforces that not every configuration performs equally, and this unit’s price point sits near the top of recent sales, leaving limited immediate upside. The commercial ground-floor component adds some income resilience to the building’s finances but also introduces noise and waste management considerations. For a buyer, this property works best as a medium-term hold with a focus on rental income rather than aggressive capital gain, and the park-side aspect should help it retain tenant appeal when supply increases.