108/2 Augustine Street, Mawson Lakes SA 5095
108/2 Augustine Street, Mawson Lakes SA 5095
2 Augustine Street, Mawson Lakes | 2-bedroom apartment | lift-serviced strata complex | mid-2010s build | flood overlay noted
This property sits within a modern, lift-serviced apartment complex built around 2013 to 2015, offering a configuration that suits first-home buyers, investors, and downsizers alike. The 2-bedroom, 1- or 2-bathroom layout with secure parking and a balcony is consistent with what the Mawson Lakes market expects near the train interchange, UniSA, and local retail. The stone-topped kitchen, stainless appliances, and split-system air conditioning place the finish at a solid mid-to-upper standard for its era, not luxury but genuinely comfortable. Its proximity to transport and education infrastructure gives it a rental appeal that holds up well, with gross yield signals in the mid-to-high 5% range based on comparable lettings in the building. For an owner-occupier, the low-maintenance aspect and lock-and-leave convenience are the real drawcards.
The flood overlay attached to the site is the main factor to weigh when considering this property, as it may influence future planning controls or insurance considerations, though it does not appear to have hindered the building’s establishment or ongoing sales activity. The unit’s exact floor level and aspect are not confirmed from the available records, and these variables can materially affect light, outlook, and resale appeal in apartment stock, so a physical inspection should focus on those points. Strata fees and shared-building rules are part of the ownership structure, and while no specific levy figures are available, they are a standard cost of this property type and should be reviewed before committing.
|| Comparable Sales: 105/2 Augustine Street sold for $470k; 205/2 Augustine Street sold for $471k | Property Price Band: $450,000–$550,000 | Value Drivers: floor level, balcony outlook, bathroom count, and internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 108/2 Augustine Street, Mawson Lakes SA 5095
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
This suburb presents a compelling investment profile, with its housing market demonstrating robust capital appreciation and its unit segment offering notably strong growth and attractive rental yields. The market is active, with properties transacting efficiently, indicating sustained buyer interest. While specific demand drivers are not detailed, the performance suggests appeal to both owner-occupiers and investors seeking value. Future growth will hinge on broader economic factors and local infrastructure, with the primary constraint being a lack of detailed data on underlying demographic and supply dynamics.
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PropCred Estimated Value
Comparable Sales: 105/2 Augustine Street sold for $470k; 205/2 Augustine Street sold for $471k | Property Price Band: $450,000–$550,000 | Value Drivers: floor level, balcony outlook, bathroom count, and internal condition
Bedrooms
2
Bathroom
2
Parking
1
Land
72m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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