6/27-29 Mary Street, Auburn NSW 2144

6/27-29 Mary Street, Auburn NSW 2144
2 bed, 1 bath, 1 car | Auburn complex | solid 6.3% yield | well positioned for investors This property is competitively positioned for an investor seeking a strong gross yield in a well-connected Sydney suburb. The 6.3% return, supported by a building comparable achieving 6.64%, is rare for a modern apartment and signals robust rental demand. The inclusion of secure parking, a balcony, and air conditioning strengthens tenant appeal, making this a low-vacancy proposition. It serves best as a buy-and-hold investment where cash flow is the priority, rather than capital growth in a flat market. The key risk is the narrow value range, with the asking price at the upper end of estimates, leaving limited immediate equity upside. Buyers should negotiate firmly, targeting closer to $600,000 to build in a margin. The 1 bathroom limits appeal to couples or singles, not families, which is acceptable for the target tenant profile. Opportunity lies in the building’s proven rental performance and the FTTP connection as a minor tenant draw. Hold this property for steady income, not speculative gain.
Detailed Independent Property Report prepared  by PropCred Analyst team for 6/27-29 Mary Street, Auburn NSW 2144
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

Auburn presents a dual market, with strong family demand for houses and high investor interest in units. Couples with children, often in skilled trades, drive owner-occupier demand, drawn by established schools and transport links. The housing market exhibits robust growth, while units offer compelling rental yields, attracting investment. Future growth is underpinned by its connectivity and mixed-use amenity, though high house prices present an affordability constraint and the substantial unit supply requires careful selection.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

2279m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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