2413/62-72 Queen Street, Auburn NSW 2144
2413/62-72 Queen Street, Auburn NSW 2144
Oversized 3-bed apartment above Auburn Central | 146m² floor area rare for suburb | High rental demand zone | Walk to station, shops, schools
This unit is rarely matched in Auburn’s apartment stock. Three-bedroom apartments in the suburb are uncommon, and at 146m² this one is roughly 40% larger than the typical two-bedroom unit found in the same complex. Convenience is the dominant strength: the unit sits above Auburn Central shopping centre, a short walk from the station, with schools, cafes, and supermarkets close by. That combination is well understood by both owner-occupiers and rental investors. Families seeking space without a house, downsizers wanting lift access and a large internal area, and investors targeting family-renter demand would all be served well here. The known finishes, including stone benchtops, gas cooking, timber flooring, and reverse-cycle air conditioning, are consistent with the complex’s standard, and the entertainer’s balcony adds genuine everyday appeal. This unit is best suited to buyers who value space and walkability over suburban quiet.
Strata costs near $1,129 per quarter are moderate for a unit of this size, though they do reduce net returns. The single car space is acceptable for most buyers but may limit appeal for two-car households. Condition and presentation will matter most at inspection, since a well-presented unit may command a premium over dated equivalents. The mixed-use, above-retail position might be a minor drawback for those seeking suburban quiet, although the station-side convenience is generally seen to outweigh that concern.
>> Comparable Sales: 2113/62-72 Queen and 2309/62-72 Queen, both recent contracts in the building, prices withheld | Property Price Band: $700K–$800K | Value Drivers: Oversized 146m² layout, 3-bed rarity, station-side position
Detailed Independent Property Report prepared by PropCred Analyst team for 2413/62-72 Queen Street, Auburn NSW 2144
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Auburn’s housing market is split between a strong house segment and an investor-oriented unit segment. Houses command a median around $1.54 million with 10% annual growth, while units sit near $595,000 with 6.4% growth and gross yields around 6%. Demand is led by couples with children, many in labourer occupations; owner-occupancy was 45% in 2021. High unit turnover (389 sales) confirms apartment appetite. Train access to Sydney CBD and good schools underpin family buying. Key constraints: house prices limit first-home entry, typical mortgage repayments of $1,800–$2,399 monthly, and ample unit supply. The market remains stable but interest-rate sensitive.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
29m²
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