2/693 Anzac Parade, Maroubra NSW 2035

First-floor apartment | 42 sqm internal | Maroubra Junction heart | Flood overlay present This unit presents a competitively strong, low-maintenance entry point into Sydney’s eastern suburbs, best serving investors or first-home buyers seeking proximity to UNSW, beaches, and major retail. Its contemporary finishes, secure building with premium communal amenities, and location within a vibrant, mixed-use precinct create a resilient rental appeal, particularly for students and young professionals. The significant historical rental growth underscores sustained demand for this configuration. The primary decision factor is the flood overlay, which necessitates immediate due diligence on insurance premiums and potential future resale constraints. While strata costs are substantial for the unit’s size, the estimated gross rental yield near 6.2% offers solid commercial logic against current price estimates. Treat this as a long-term hold to amortize the entry costs; its value is in consistent tenancy rather than short-term speculation. A Propcred report would precisely pressure-test the valuation against true comparable sales, detail the flood risk mechanism, and clarify the building’s financial health for your final assessment.