8/16 Frank Oliveri Drive, Chipping Norton NSW 2170
8/16 Frank Oliveri Drive, Chipping Norton NSW 2170
First-floor apartment in high owner-occupier block | 116m² with two bathrooms | strong family demographic catchment | limited recent sales volume.
This unit offers a rare configuration advantage in a market where most two-bedroom apartments trade below 100m². The additional bathroom and generous floor plan position it above typical entry-level stock, appealing to owner-occupiers seeking space without moving to a house. The building’s 95% owner-occupier ratio signals low turnover risk and well-maintained common property, which supports long-term value stability. For a first-home buyer or downsizer, this reduces the likelihood of unexpected special levies or disruptive neighbour turnover. The suburb’s family-heavy demographic and proximity to primary and secondary schooling strengthen resale demand among a stable buyer pool.
The main risk is the lack of recent comparable sales in the building itself, making precise valuation uncertain despite median alignment. The zero percent auction clearance in the suburb suggests softer demand at current price expectations, so negotiating room may exist. The strata report is essential to verify sinking fund adequacy and any latent defects, given the building’s age profile. For an investor, the low rental proportion limits yield potential but protects capital growth. The opportunity lies in securing a discount if the vendor needs a quick sale, given only one week on market and fixed price method.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/16 Frank Oliveri Drive, Chipping Norton NSW 2170
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Chipping Norton presents a stable, family-oriented market with a professional demographic, supported by mixed-use zoning that underpins its established character. Demand is driven by established families seeking larger homes, evidenced by consistent sales activity and a competitive supply environment. Recent price trends reflect solid capital growth, with a market pace that balances opportunity. Future prospects are supported by this demographic stability, though historical price volatility suggests sensitivity to broader economic cycles.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
116m²
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