10 Kanoona Avenue, Homebush NSW 2140
10 Kanoona Avenue, Homebush NSW 2140
Modern apartment complex | Family-sized layouts up to 4-bed | Strong commuter and school access | Mid-$600k trading band | Mixed buyer appeal
The property sits within a contemporary strata complex that stands out for its larger-than-average apartment sizes and higher-end finishes, including stone benchtops, gas kitchens, secure parking, and lift access. Unlike much of Homebush’s older small-unit stock, this complex offers genuine family-oriented layouts, with options ranging from compact one-bedrooms to four-bedroom apartments with studies and courtyards. Its position near Homebush Station, schools, and Sydney Olympic Park makes it particularly well-suited to first-home buyers, downsizers, and investors seeking low-maintenance living with strong rental demand. The complex’s modern construction and communal rooftop garden add a lifestyle edge that appeals to owner-occupiers wanting more than a standard apartment.
The value picture may be shaped by the specific floor level and aspect of the unit, as ground-floor courtyard apartments and north-east facing layouts tend to attract a premium. Strata holding costs could be higher for larger units, which buyers should factor into their budget. The mixed unit sizes within the same complex mean price per square metre varies noticeably, so comparing like-for-like layouts is important. Recent sales on the street suggest a trading band in the mid-$600,000s for two-bedroom apartments, with larger family units likely commanding more.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Kanoona Avenue, Homebush NSW 2140
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Homebush remains an inner-west market defined by a sharp house-unit divergence. House prices sit at a $2.555m-$3.407m median, with annual growth of 18.35%-26.5% but just 16-26 sales, signalling scarce supply and affordability constraints. The unit market contrasts: median $655k-$665k, gross yield 5.7%-5.75%, 338 sales over the past year, and 42 median days on market. That activity points to investor and smaller-household demand, supported by proximity to Parramatta Road and key arterial routes. Future growth hinges on continued house scarcity, while unit prices face near-flat growth of -0.15% to -2.1% and rate sensitivity. Vacancy sits at 1.81%, with unit rents around $720-$725 weekly, keeping rental demand steady but limiting yield upside.
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PropCred Estimated Value
Comparable Sales: 40/1–9 Kanoona Avenue sold $649,000; 16/1 Kanoona Avenue sold $660,000 | Property Price Band: $600K–$700K | Value Drivers: Layout size, floor level, and finish quality.
Bedrooms
3
Bathroom
1
Parking
2
Land
588m²
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