2505/1A Morton Street, Parramatta NSW 2150

High floor | generous 106sqm layout | Parramatta’s tight 2-bed median | 55% renters nearby The property’s 89sqm internal area is unusually spacious for a two-bedroom unit in Parramatta, where most comparable listings fall below 75sqm. That extra square footage, combined with a master ensuite and high-floor positioning, gives this unit a genuine scarcity advantage in a market where 602 similar properties sold this year at a $635k median. The 45% owner occupancy in the building suggests a more stable complex than the surrounding 55% rental-heavy demographic, which typically supports better capital preservation. This unit is best suited to owner-occupiers seeking a long-term foothold near city-fringe amenities and strong school catchments, rather than short-term investors chasing yield. The main risk is the building’s size—359 properties in the complex can lead to higher strata levies or slower decision-making on capital works, making the strata report essential before committing. The 47-day average days on market for Parramatta units points to a balanced market, not a hot one, so negotiating room may exist despite the recent listing. The 59% auction clearance rate reinforces that buyers here are selective, not desperate. The opportunity lies in the unit’s layout and floor position, which should outperform smaller, lower-floor comparables in the same building over a five-to-seven-year hold, particularly given the lack of major red flags in the preliminary data.