402/11 Moree Street Gordon NSW 2072

Large two-bedroom unit | Gordon’s tight supply | 75% owner-occupied building | strong recent sale history This property occupies a rare position in Gordon: a spacious two-bedroom unit in a building where three-quarters of residents are owners, not renters. For a buyer, that signals stable management, lower turnover risk, and a higher likelihood of well-maintained common areas. The internal area of 121–147 square metres is generous for a two-bedroom apartment, giving it a floorplan that competes with smaller townhouses. The dual parking spaces add further utility for a professional couple or downsizer who values convenience. With the suburb’s median unit price around $1.02 million and this unit last selling at $1.34 million in 2023, the pricing reflects a premium for size and quality rather than speculation. The buyer best suited here is an owner-occupier seeking long-term hold in a commuter-friendly suburb with strong school catchment access. The primary risk is that the asking price, though not disclosed, likely sits near or above the 2023 sale level in a market where unit days on average are 52. Overpaying could compress future capital growth, especially if interest rates remain elevated. The opportunity lies in the building’s low turnover—only two recent sales—which suggests limited supply within the complex and less price competition. For an investor, the rental yield at $800 per week is modest against a $1.34 million entry, so this is not a cash-flow play. The correct use is as a primary residence or a long-term hold where location and configuration, not short-term appreciation, drive value.