24/16 Morgan Street, Botany NSW 2019

24/16 Morgan Street, Botany NSW 2019
2-bed, 2-bath, 1-car garden apartment | Greenwood complex | Resort-style amenities | Strong downsizer and family appeal | Flood overlay constraint This unit holds a genuine edge within Botany’s apartment market because it offers generous internal and outdoor space inside an established, security-conscious complex with pool, spa, BBQ and landscaped gardens. Its layout and amenity package are rare for the suburb, which tends toward smaller high-rise stock. The property is well suited to downsizers wanting low-maintenance living without sacrificing space, and to young families seeking school catchments and quiet, leafy surroundings. Its position within the Greenwood estate is likely to attract owner-occupiers who value lifestyle over pure investment metrics, giving it a solid demand base. The flood management overlay may affect future development or renovation options, and its influence on lending or insurance should be weighed carefully. The exact floor level and internal finishes are not fully verified, so condition and outlook may vary from comparable units. Market appeal might be strengthened by the property’s generous footprint and garden aspect, but these factors will need to be inspected on site. A well-presented apartment could command a noticeable premium, while dated interiors may limit upside. >> Comparable Sales: 25/16 Morgan Street sold $2,130,000; 10/16 Morgan Street sold $782,500 | Property Price Band: $1.2M–$1.3M | Value Drivers: condition, layout, garden aspect, floor level
Detailed Independent Property Report prepared  by PropCred Analyst team for 24/16 Morgan Street, Botany NSW 2019
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Botany, in Sydney’s south-eastern corridor, blends industrial and residential pockets, with Port Botany and Sydney Airport anchoring local employment. Demand spans owner-occupiers and renters, plus downsizers, investors and entry buyers drawn to denser developments and proximity to Maroubra or La Perouse beaches. Median house price sits at $1,947,500 (2.0% compound annual growth), units at $905,000 (3.6% growth); the market is below long-term trend in early 2026. Future growth rests on forecast population gains of 2,336 by 2041, yet approvals run 85% below Greater Sydney’s per-person average, with only 87 homes approved over FY21-25 and 65 in FY26 to date. This supply-demand gap typically pressures prices upward, though affordability and tight supply remain key constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

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