2601/32-36 Orara Street, Waitara NSW 2077
2601/32-36 Orara Street, Waitara NSW 2077
High-floor park aspect | Large 116m² internal area | Rare 2-bed, 2-bath, 2-toilet layout | Strong rental yield profile
This property presents a compelling proposition due to its scarcity. The 116 square metre internal area is significantly larger than typical two-bedroom apartments, offering a practical living space enhanced by a high-floor park outlook, a rare combination in Waitara. Its two full bathrooms and secure parking directly serve owner-occupiers seeking space and convenience, while the strong estimated rental yield near 4.8% aligns with investor objectives for cash flow.
The primary risk is the strata title, binding you to complex decisions and fees without direct control. The recent 2024 sale at $800,000 provides a firm price anchor; paying materially above this requires justification from market appreciation or unique fit. Proceed if the spatial premium and aspect justify the strata trade-off, otherwise the standard apartment stock offers lower entry. This property is best held long-term to realise its size advantage.
Detailed Independent Property Report prepared by PropCred Analyst team for 2601/32-36 Orara Street, Waitara NSW 2077
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Waitara is a well-established Upper North Shore suburb, highly sought after by young professional families drawn to its excellent school catchments and direct rail link to the CBD. This demographic is the primary demand driver, creating a stable market for family homes. While the house market has experienced recent price softening, the unit segment shows resilience with positive growth. Future demand is underpinned by strong population growth, though high entry prices and sensitivity to interest rates present notable constraints on affordability and supply.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
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