501/107 Dalmeny Avenue, Rosebery NSW 2018

Modern 2-bedroom apartment | strong rental yield | significant special levy | flood overlay flagged This apartment offers a genuinely strong buying case due to its location in Rosebery, close to Green Square Station and East Village, and its highly marketable configuration of two bedrooms, two bathrooms, and one secure car space. The open-plan layout with stone benchtops and a covered balcony appeals to both owner-occupiers and tenants, with estimated rental returns around $1,000 to $1,070 per week indicating a gross yield above 6.5% at the current price. For a buyer seeking a modern, well-connected property with solid rental demand, this unit is competitively positioned, especially given the asking price sits notably below its 2020 sale price, suggesting potential value if the building’s issues are manageable. The primary risks here are financial and structural: the quarterly special levy of $1,850 for remedial works, combined with regular strata of $1,832, pushes total annual outgoings near $17,000, which materially reduces net yield. The flood overlay may also affect insurance premiums and lender appetite, while the inconsistent size data across sources requires verification. However, for a buyer willing to investigate the building’s remedial works and strata health, the current price offers a rare entry point into a strong suburb. Hold this property for rental income and capital growth, provided the special levy is temporary and the building’s condition is sound.