3309/5 Gadigal Avenue, Waterloo NSW 2017

Mirvac complex | 3-bed 2-bath | 104sqm internal | east aspect | rooftop pool This unit presents a competitively strong offering within a well-regarded Mirvac complex, a developer synonymous with quality finishes and resident amenities. The three-bedroom, two-bathroom configuration with a genuine 104-square-metre internal area is a substantive and increasingly rare format in this precinct, serving a premium segment of owner-occupiers or long-term investors seeking space and finish. Its east-facing aspect and third-floor positioning balance light and outlook, while access to complex amenities like the rooftop terrace adds lifestyle utility without the maintenance burden of a private house. The primary decision factors involve strata governance and the noted flood overlay, which necessitate specific due diligence on building financials and potential insurance implications. The property’s recent withdrawal and re-listing invite scrutiny on vendor motivation, presenting a tactical opportunity. This unit is best held as a long-term residence or investment, with its rental yield aligning with area norms. A Propcred report would specifically pressure-test the recent sales evidence at this address, validate strata health, and quantify locality risks like flood overlay impacts on holding costs. Recent sales within the same address, 5 Gadigal Avenue, provide the most credible value benchmark. While specific prices are not detailed, five recent transactions indicate active demand and liquidity within this specific complex, giving buyers a clear comparative framework against the current guide. This internal market data is more reliable than broader suburb medians for establishing a competitive offer.