20/89 Dee Why Parade, Dee Why NSW 2099
20/89 Dee Why Parade, Dee Why NSW 2099
Large 115sqm two-bedder in prime Dee Why | 1-2 car spaces rare for this size | Top-floor leafy district outlook | Strong building capital growth trend.
This unit occupies a structural advantage in the Dee Why market: a genuinely large two-bedroom floorplan at 115sqm internal, combined with a rare allocation of up to two car spaces. In a suburb where median two-bedroom apartments are often under 90sqm and single-park, this property offers a floor area and parking profile that competes more with smaller three-bedroom townhouses than with typical flats. The building’s 55% owner-occupier ratio and recent comparable sale at 3/89 showing 71% capital growth over 4.5 years indicate a buyer pool that values quality over volume. This property suits an owner-occupier seeking long-term hold in a school-catchment location, or an investor targeting above-average rental demand from professionals who need space and a car.
The key risk is price positioning: the estimated value of $1.386m sits well above the Dee Why median of $1.165m, and the recent building sale at $2.395m may set unrealistic expectations for this unit given its single-bathroom configuration. Buyers should treat the auction guide as a starting point only and stress-test against the suburb’s 68% clearance rate. The absence of bushfire or flood overlay is a genuine positive for insurance and resale. Hold this property as a core residential asset; its size and parking make it difficult to replicate in new supply, which supports long-term value retention.
Detailed Independent Property Report prepared by PropCred Analyst team for 20/89 Dee Why Parade, Dee Why NSW 2099
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Dee Why presents a compelling yet nuanced coastal market, where strong demand for units contrasts with a softening house segment. Professionals and families are drawn by the beach lifestyle and accessibility to the city, fueling robust unit sales and rental growth. While the unit market shows significant momentum, the house market faces headwinds from broader affordability pressures and sensitivity to interest rates. Future growth will be underpinned by its enduring lifestyle appeal and high-density residential character, though supply constraints for houses and rate sensitivity remain key considerations for buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
1506m²
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