7/35 Ocean Street, Penshurst NSW 2222
7/35 Ocean Street, Penshurst NSW 2222
This 2-bedroom, 1-bathroom apartment / unit with 1 car spaces on a 1381 sqm block is positioned in Penshurst NSW. The property is ideal for low-maintenance living with convenient access to local amenities.
Market Insight:
Penshurst’s demand is anchored by the 27-minute Illawarra Line commute, Hurstville’s $1 billion redevelopment boosting retail and entertainment, and a family-friendly blend of schools, parks and local shops that keeps owner-occupiers committed. House prices around $2.0 million have delivered roughly 10% annual growth while units sit near $703k with flat to slightly negative movement, and the past quarter’s modest softening simply reflects a pause in a broadly steady six-month backdrop. Low vacancy below 1% and rental yields near 2.5% on houses (higher for units) keep investors cautious, yet the infrastructure upgrades and amenity investment sustain growth potential while limiting downside to the relatively thin margins on new stock.