12/128 Macquarie Street, Parramatta NSW 2150

12/128 Macquarie Street, Parramatta NSW 2150
2 bed | 136 sqm | 2 car spaces | wrap-around balcony | Parramatta CBD | owner-occupier draw This apartment is competitively rare in Parramatta because its floor area and dual parking exceed what most newer builds offer. The covered wrap-around balcony and updated kitchen with electric cooktop give it a more house-like feel, which suits owner-occupiers or downsizers who want space without leaving the city centre. Its size and parking provision also make it attractive to investors targeting tenants who need room and a car spot, a segment that typically commands stronger rental demand than compact units. The property sits in a well-connected urban location, which supports long-term appeal for buyers who value convenience over low-density living. The value of this property may be influenced by its floor level and aspect, which are not confirmed here but can affect light, noise, and outlook. Strata levies and building age also matter, as older blocks sometimes have higher sinking fund requirements or less efficient layouts. The wrap-around balcony is a strength but its orientation and privacy relative to neighbouring buildings could shape how much a buyer is willing to pay. These are factors worth verifying before forming a price view, but the property’s core configuration is a clear advantage in the current Parramatta market.
Detailed Independent Property Report prepared  by PropCred Analyst team for 12/128 Macquarie Street, Parramatta NSW 2150
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Parramatta is a major commercial hub with strong rental demand, particularly for affordable units which attract first-home buyers and investors. The house market, positioned in the premium segment, faces affordability pressures. Recent price trends show divergence, with house values experiencing correction while units demonstrate relative stability. Future growth is underpinned by significant infrastructure investment and its established role as an employment centre, though high investor concentration in certain unit stock and sensitivity to interest rates present key market constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

2031m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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