13C/356-368 George Street, Waterloo NSW 2017
13C/356-368 George Street, Waterloo NSW 2017
2-bedroom north-facing apartment | 92m² in boutique block | Waterloo’s established owner-occupier pocket | 5.54% rental yield above suburb median
This unit presents a rare configuration advantage in Waterloo: a genuine 92m² two-bedder in a 2015 building with 80% owner-occupancy, meaning the block is less exposed to investor churn and short-term letting. The 5.54% rental yield,well above the suburb’s $950 median,signals strong tenant demand for this floorplan, making it suitable for a buyer seeking both a solid owner-occupier home and a future rental fallback. The north-facing orientation and 5G coverage add practical livability, while the 2013 purchase price history shows the vendor has held through a full cycle, reducing the chance of a distressed sale.
Flood overlay is the primary risk: it may narrow the buyer pool and affect insurance premiums, though the building’s 2015 construction suggests it was built to current standards. The 56% local auction clearance rate indicates softening demand, so a pre-auction offer at the lower end of the listing range could secure a discount. Hold this property as a long-term home with rental optionality; its yield and owner-occupier block profile make it a low-volatility hold in a high-supply suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 13C/356-368 George Street, Waterloo NSW 2017
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Waterloo is a high-density inner-city suburb undergoing significant urban renewal, attracting young professionals and families seeking urban convenience. Demand is driven by its strategic location near the CBD, ongoing infrastructure projects, and expanding local amenities. The unit market shows stable growth, while house prices have experienced recent volatility. Future growth is anchored in continued development and economic resilience, though rising prices present affordability constraints and potential market sensitivity to broader economic changes.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
-
Land
92m²
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