6/6 Ruby Street, Carramar NSW 2163
6/6 Ruby Street, Carramar NSW 2163
Second-floor walk-up | Flood overlay present | 75% renters in suburb | Walk to station | Strong rental yield.
This unit offers a rare combination of a lock-up garage and a walk-to-station position in a high-renter suburb, which supports consistent tenant demand. The open-plan layout and modern inclusions reduce immediate capital outlay for a first-home buyer or investor. The estimated rental yield of $500 per week is competitive for a one-bedroom unit, and the recent sale of the entire complex suggests the building has been professionally maintained. The property serves best as a low-entry investment with stable cash flow potential.
The flood overlay is a material risk that may affect insurance premiums and future resale appeal, particularly for owner-occupiers. The high renter concentration in Carramar limits capital growth compared to more balanced suburbs. However, the proximity to Carramar Station and local amenities provides a liquidity buffer. For an investor, hold for rental income and monitor flood mitigation upgrades in the area; for an owner-occupier, negotiate on the flood risk to secure a discount.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/6 Ruby Street, Carramar NSW 2163
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Carramar is a family-centric suburb with strong owner-occupier appeal, evidenced by its dominant household demographic. Demand is driven by this established resident base and supported by excellent transport connectivity, fostering a tight and competitive sales market. Recent price performance has been robust, with houses showing particularly strong capital growth, while the rental market remains undersupplied with low vacancy. Future growth is underpinned by sustained demand against constrained housing stock, though the primary risk lies in affordability pressures potentially limiting buyer entry.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
3594m²
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