6/32 Station Street, Dundas NSW 2117
6/32 Station Street, Dundas NSW 2117
2-bedroom apartment | Dundas light rail walkable | 6.09-6.63% yield evidence | stable long-term building occupancy
The unit sits in a building where recent comparable sales confirm a rental yield range of 6.09 to 6.63 percent, placing it above the inner-west average for similar two-bedroom apartments. The 35 percent of residents holding tenure over ten years signals a building with low turnover and stable community character, reducing vacancy risk for an owner-occupier or investor. Walking proximity to Dundas light rail and a fifteen-minute drive to Parramatta CBD give this property a connectivity advantage over many units in the same price bracket, making it suited to first-home buyers or investors targeting reliable inner-west rental demand.
The main risk is that the unit itself has not transacted since 2019, so current condition and any deferred maintenance are unknown without inspection. Comparable unit sales from 2025 show a price range between $510,000 and $600,000, meaning the estimated $590,000 value sits near the top of that band, leaving limited immediate equity upside. The opportunity is to negotiate based on the 2019 last sale date and the lack of recent rental data for this specific unit. Hold this property for steady rental income and capital growth tied to Dundas light rail and Parramatta spillover demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/32 Station Street, Dundas NSW 2117
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Dundas is a well-established suburb with a strong family and professional demographic, underpinning its appeal. Demand is driven by young professionals and families seeking quality housing and education, reflected in consistent population growth. The house market has demonstrated robust capital growth, while units offer more accessible entry with solid rental demand. Future growth is supported by sustained demographic fundamentals and low vacancy rates, though high entry prices and limited stock present ongoing supply constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1774m²
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