23/5-9 Waitara Avenue Waitara NSW 2077
23/5-9 Waitara Avenue Waitara NSW 2077
1 bed apartment with secure parking |Entry-level unit in resilient market |Medians near $580k|22 days on market |Suits singles or investors seeking low-maintenance living. This one-bedroom apartment with one bathroom and one parking space fits professionals or downsizers prioritizing convenience in a walkable urban setting. It delivers straightforward, compact living ideal for those needing minimal upkeep without the demands of larger homes. Positioned in a multi-unit block on a quiet avenue, it blends seamlessly into a neighbourhood dominated by similar apartments that attract steady buyer interest. First-home buyers and investors drawn to affordable entry points in the upper north shore often target these, given the quick sales cycle for one-beds around 22 days. Comparable units have held firm against house market softness, with medians tracking at $580k amid 3-4% unit growth. Rental demand remains solid at about $600 weekly, supporting yields over 4% for holding strategies. Long-term, its location near transport and amenities underpins appeal as Hornsby Shire demand persists into 2026. While land size is strata-titled, the overall stability positions it well for value retention in a supply-constrained context.
Detailed Independent Property Report prepared by PropCred Analyst team for 23/5-9 Waitara Avenue Waitara NSW 2077
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Waitara operates as a high-density extension of Hornsby, with demand driven by affordability and rail access. The market is dominated by apartments, with a significant investor presence. Supply has expanded rapidly over the past decade, creating competition among sellers. Rental demand is strong, supporting yields. Price growth is moderate and tied to absorption of existing stock.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
Apartment
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