110/2-4 Powell Street Waterloo NSW 2017

Dual-level north-facing terrace | Award-winning Stanisic design | 124sqm cross-flow layout | 50/50 owner-renter mix with 55% long-term | Sold once in 14 years The buying case rests on a rare configuration: a dual-level, north-facing residence with cross-flow ventilation and a large entertainer’s terrace, in a building by Stanisic & Associates. At 124 square meters plus parking and storage, the unit offers a genuine house-like footprint in a complex that has seen only one sale in 14 years—suggesting low turnover and stable ownership. The 50/50 owner-renter split with 55% long-term residents signals a building where owners stay, which typically supports capital stability. This property serves best a buyer seeking a long-term home with outdoor space in an established, architect-designed complex, rather than a short-term flip. The primary risk is the building’s size—144 units—which can dilute scarcity and make resale timing more dependent on broader market conditions. The area’s 56% auction clearance rate points to a market where buyers have options, meaning premium pricing must be justified by the unit’s specific attributes, not the postcode. Opportunity lies in the fact that only 7 units have recently sold in the building, so a buyer who secures this at a sensible entry may face limited direct competition when selling. Hold this property as a long-term residence; its layout and orientation are difficult to replicate in newer developments, and the low turnover history suggests patient ownership is rewarded.