601/21-35 Princes Highway, Kogarah NSW 2217

Spacious 113sqm two-bedder in central Kogarah | dual ensuite and main bath | strong rental yield near 5.8% | stable building with low growth history This property offers a rare configuration advantage for Kogarah: a 113sqm floorplan with two bathrooms and an internal laundry, making it functionally superior to most two-bedroom units in the area. The dual ensuite arrangement and generous main bedroom with two built-in wardrobes provide genuine appeal for owner-occupiers seeking space without moving to a house, while the consistent rental yield of approximately 5.8% from comparable units in the same building signals reliable investor demand. The position 600 metres from the town centre and station, combined with fibre-to-the-building connectivity and no overlay risks, supports steady tenantability. This unit serves best for a buyer wanting low-maintenance living with above-average internal dimensions, or an investor seeking a yield that outperforms the suburb average. The primary risk is historical capital growth: comparable two-bedroom units in this building have shown annualised growth between -0.09% and 2.51% over holding periods of six to eight years, suggesting limited upside in the short to medium term. The 60% renter profile in Kogarah and 44% concentration of residents aged 20-39 reinforces demand but also means capital appreciation may lag detached housing. The opportunity lies in the price gap between this unit and newer stock; at the current guide, the buyer acquires a larger floorplan for a price similar to smaller modern units nearby. Hold for rental income and inflation hedge, not for rapid equity build.