1306/57-59 Queen Street, Auburn NSW 2144
1306/57-59 Queen Street, Auburn NSW 2144
3-bedroom with 2-car spaces | Auburn Central above shops | strong rental yield potential | stable long-term building
This property offers a rare configuration advantage in a high-convenience location, with three bedrooms and two car spaces placing it above most competing units in the area. The position directly above the Auburn Central shopping precinct reduces reliance on transport for daily needs, while the security features and internal laundry add practical value for families or long-term investors. The building’s tenure mix, with 41% of residents staying over a decade, signals a well-managed complex that tends to attract committed owners rather than transient renters, which supports capital stability.
The main risk is the lack of disclosed strata levies and internal floor area, both of which can materially affect holding costs and resale appeal. The apartment sits in a large complex, so buyers should verify the sinking fund balance and any upcoming special levies. On the opportunity side, comparable sales in the same building for similar 3-bedroom, 2-car layouts have transacted in the mid-to-high $700k range, suggesting the asking range is not aggressive. The building’s rental yields on 2-bedroom units are around 6.8 to 7 percent, and this larger configuration would likely command a premium rent, making it a viable option for an investor seeking cash flow with moderate capital growth in Sydney’s middle-ring market.
Detailed Independent Property Report prepared by PropCred Analyst team for 1306/57-59 Queen Street, Auburn NSW 2144
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Auburn presents a dual market, with strong family demand for houses and high investor interest in units. Couples with children, often in skilled trades, drive owner-occupier demand, drawn by established schools and transport links. The housing market exhibits robust growth, while units offer compelling rental yields, attracting investment. Future growth is underpinned by its connectivity and mixed-use amenity, though high house prices present an affordability constraint and the substantial unit supply requires careful selection.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
10m²
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