2709/45 Macquarie Street, Parramatta NSW 2150
2709/45 Macquarie Street, Parramatta NSW 2150
Rare 2-car apartment configuration | quality building pool and gym | heritage and flood constraints | inner Parramatta convenience
This apartment is distinguished by its two-car parking arrangement, an uncommon feature in the Parramatta apartment market that significantly enhances its appeal to downsizers and families requiring multiple vehicles. Situated within a well-established mixed-use tower, the property benefits from a comprehensive suite of amenities including a pool and gym, which are highly valued in the urban-core setting. The central location ensures excellent access to transport and retail, making it particularly suitable for professionals seeking convenience without compromising on space or parking. The configuration supports both owner-occupation and investment, with rental demand reinforced by the practical layout and building facilities.
The value of this apartment may be moderated by flood and heritage overlays, which could affect insurance costs and restrict future alterations. The age of the building within the established complex might lead to higher strata levies for maintaining shared amenities. The high-density urban setting may narrow buyer appeal, but the rare two-car parking could offer pricing resilience.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2709/45 Macquarie Street, Parramatta NSW 2150
Market Insight:
Parramatta is a major commercial hub with strong rental demand, particularly for affordable units which attract first-home buyers and investors. The house market, positioned in the premium segment, faces affordability pressures. Recent price trends show divergence, with house values experiencing correction while units demonstrate relative stability. Future growth is underpinned by significant infrastructure investment and its established role as an employment centre, though high investor concentration in certain unit stock and sensitivity to interest rates present key market constraints.