512/16-20 Meredith Street, Bankstown NSW 2200

5th floor district views | 131sqm on title | 2 secure car spaces | 60% owner-occupied building The property’s size and dual parking are genuinely rare in Bankstown’s apartment market, giving a buyer immediate positional advantage over smaller one-car offerings. The 5th floor elevation with two balconies and district outlook provides a liveability edge that typically holds value better than ground or mid-level units, especially in a building where owner-occupiers outnumber renters two-to-one. This configuration suits a professional couple or small family wanting space without moving to a house, and the school catchment proximity adds practical depth for longer hold periods. The main risk is the asking price sitting a touch above the estimated value, which means the buyer must negotiate or accept a slower equity build in the short term. However the 73% auction clearance rate in the area suggests demand is firm, and the rental estimate of around $660 per week offers a solid floor if circumstances change. There are no overlay risks and the council area is stable. For a buyer who can hold five years, this unit should perform as a comfortable home with reasonable capital growth, not a flip.