43/172-176 Parramatta Road, Homebush NSW 2140
43/172-176 Parramatta Road, Homebush NSW 2140
Modern 2-bed apartment | Built 2016 | Parramatta Road frontage | Flood overlay noted | Strong rental demand
This unit sits in a well-finished, mid-2010s strata complex that stands out from much of Homebush’s older housing stock. The 2-bed, 2-bath, 1-car layout with lift access, air conditioning, and secure parking suits first-home buyers, downsizers, and investors alike. Its position on Parramatta Road delivers exceptional transport and retail convenience, with Homebush Station, schools, and Olympic Park within easy reach. The building’s modern finishes and efficient floor plan make it a low-maintenance option in a corridor where comparable apartments are actively traded, and the rental yield potential is healthy given consistent tenant interest in this segment.
The flood overlay is the primary factor to weigh, as it may affect insurance costs and long-term resale appeal. The busy road frontage also introduces traffic noise and air-quality considerations, which could temper price growth compared to quieter streets. However, the unit’s contemporary condition, secure amenities, and strong commuter demand may offset these drawbacks. Buyers should confirm the exact floor level and aspect, as these will influence light, privacy, and value within the complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 43/172-176 Parramatta Road, Homebush NSW 2140
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✓
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.
PropCred Estimated Value
Comparable Sales: 22/172-176 Parramatta Road sold $675,000; 37/172-176 Parramatta Road contracted $655,000 | Property Price Band: $600,000–$700,000 | Value Drivers: Modern condition, secure parking, rental yield potential
Bedrooms
2
Bathroom
2
Parking
1
Land
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