7/9 Ruth Street, Naremburn NSW 2065
7/9 Ruth Street, Naremburn NSW 2065
Boutique double brick unit | leafy outlook and courtyard | secure parking | walk to rail and metro
This apartment is positioned within a boutique block of only ten residences, a scale that is increasingly rare in the apartment market. The double brick construction and full-length balcony with leafy outlook provide a solid and private living environment. A gas kitchen with granite finishes and secure basement parking are included, making it particularly well suited to downsizers, couples, and young families seeking low-maintenance living near transport. The property is located within walking distance of the village and the future metro station, which strengthens its appeal for convenience-focused buyers.
The final value may be affected by the lack of a confirmed floor level or exact internal area, as higher-floor units with better outlooks typically achieve stronger prices. The age of the double brick construction might raise maintenance considerations, though the property’s existing finishes appear well maintained. Opportunity exists in the future metro connection and potential for capital growth, while the private courtyard and balcony offset typical apartment constraints.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/9 Ruth Street, Naremburn NSW 2065
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Naremburn, a leafy Lower North Shore suburb, is positioned as a tightly held, rate-sensitive market. Demand comes chiefly from professionals and families, with the dominant 30–39 age cohort and a high proportion of apartment renters shaping the buyer profile. House prices sit near $3.1 million, but momentum is mixed: one series records 4.3% annual growth, while others show a 7.9% decline; units hover around $1.3 million with a slight softening. Houses spend only 16 days on market, yet sales volume is thin at 44–115 transactions a year. Rental yields remain low, 2.3%–3.3% for houses and 3.8% for units, underscoring affordability constraints. Long-term growth of 5.6% CAGR over 36 years and proximity to amenities underpin future demand, though prices are currently below trend and yields trail the NSW average, leaving the market vulnerable to higher rates.
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PropCred Estimated Value
Comparable Sales: 1/9-11 Ruth Street unit – $1.61M | Listed Price Band: $800K – $900K | Value Indicator: double brick, boutique block, balcony and courtyard
Bedrooms
2
Bathroom
2
Parking
1
Land
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