710/3 Foreshore Boulevard, Woolooware NSW 2230
710/3 Foreshore Boulevard, Woolooware NSW 2230
North facing balcony with bay and city views | 2 bed 2 bath plus study | Woolooware Bay development | 7th floor with secure parking and storage
The property sits in a strong position within the Woolooware Bay complex. Its north orientation and seventh-floor elevation deliver consistent natural light and unobstructed views, which is a genuine rarity in this building. The inclusion of a dedicated study space and timber oak flooring lifts the unit above typical two-bedroom stock, making it a competitive option for professionals or downsizers seeking a lock-and-leave lifestyle. Access to the rooftop cinema, pool, and gym adds a layer of lifestyle amenity that supports strong rental demand and resale interest from owner-occupiers who value convenience over space.
The flood overlay is the primary risk, and it will narrow the buyer pool to those who accept the insurance implications and hold for the medium term. The buildingโs 2017 construction date and 19 percent site coverage suggest good structural integrity and low ongoing maintenance risk. For an investor, the previous $850 per week lease indicates achievable rental yield, though the current market median of $1.1 million for two-bedroom units in Woolooware means pricing discipline is essential. Hold this property for its lifestyle appeal and capital stability, not for speculative growth.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
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.