903/172 South Parade, Auburn NSW 2144
903/172 South Parade, Auburn NSW 2144
High-floor SE aspect | 84sqm internal footprint rare in new builds | Strong rental credentials | Walk to Auburn Central
This unit’s 84 square metre internal living area is a significant competitive advantage in a market where contemporary developments typically offer far less. That spaciousness, combined with a high-floor south-east aspect and modern Bosch/Robam appliances, creates a premium product within its suburb segment. It serves owner-occupiers seeking genuine space and investors targeting the strong local tenant demand evidenced by a confident $805-$850 per week rental estimate.
The decision hinges on accepting strata costs of $1,706 per quarter for the amenities and maintenance of a modern block. This is the primary ongoing cost mechanism. The commercial logic is clear: secure a larger, higher-quality unit in a convenient location where comparable recent sales support value. Hold for long-term capital growth driven by its scarcity, or utilise its immediate high-yield rental potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 903/172 South Parade, Auburn NSW 2144
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Auburn presents a dual market, with strong family demand for houses and high investor interest in units. Couples with children, often in skilled trades, drive owner-occupier demand, drawn by established schools and transport links. The housing market exhibits robust growth, while units offer compelling rental yields, attracting investment. Future growth is underpinned by its connectivity and mixed-use amenity, though high house prices present an affordability constraint and the substantial unit supply requires careful selection.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
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