609/5 Foreshore Boulevard, Woolooware NSW 2230
609/5 Foreshore Boulevard, Woolooware NSW 2230
Bay views from an upper floor | Woolooware Bay complex with resort amenities | 2-bedder suited to downsizers or investors | flood overlay flagged for due diligence
This property occupies a strong position within the Woolooware Bay development, where sweeping city views and resort-grade amenities — pools, gym, rooftop cinema — create a clear lifestyle advantage over standard apartments in the Sutherland Shire. The two-bedroom configuration with two bathrooms and a secure car space suits downsizers seeking low-maintenance living without sacrificing space, and also appeals to investors targeting the premium rental demographic. The 116sqm lot size is generous for a unit of this type, and the ducted cooling, floorboards, and built-in robes reduce the need for immediate upgrades. The building’s limited recent sales history suggests low turnover, which may indicate owner-occupier stability and controlled supply.
The flood overlay is the primary risk and must be investigated thoroughly before bidding, as it could affect insurance costs and resale appetite. However, the property sits on an upper floor, so physical damage risk is low. The estimated value range of $1.14m to $1.47m leaves room for negotiation if the guide price holds, and the 2023 comparable sale at $1.066m provides a conservative benchmark. The Woolooware Bay precinct continues to mature with retail and transport upgrades, which supports medium-term capital growth. For a buyer who values lifestyle and can accept the flood overlay as a manageable due diligence item, this unit offers a rare combination of view, amenity, and space in a tightly held complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 609/5 Foreshore Boulevard, Woolooware NSW 2230
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Woolooware is a coastal suburb offering a blend of residential living and recreational amenities, currently positioned below its long-term trend. Demand is driven by a diverse buyer profile, with apartments appealing to first-home buyers and downsizers, while houses attract families and established professionals drawn to the family-friendly environment and proximity to the coast. Recent price trends have softened, with houses selling below original asking prices, indicating a buyer’s market. Future growth is underpinned by its coastal appeal, though the market shows sensitivity to broader conditions with a higher volume of unit sales.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
116m²
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