904/36-42 Levey Street, Wolli Creek NSW 2205
904/36-42 Levey Street, Wolli Creek NSW 2205
2 bed 2 bath 1 car | mid-level in mixed-use | backs onto Cahill Park | building turnover high
The property’s dual-aspect positioning—backing onto parkland while sitting in a mixed-use building with ground-floor commercial—gives it a rare balance of outlook and convenience that most units in Wolli Creek lack. The 2-bed 2-bath configuration with a dedicated car space aligns with the strongest demand segment in the building, where comparable units have held rental yields above 5% and shown modest capital growth over short holds. This unit serves best a professional couple or small family wanting walk-to-station amenity without sacrificing open space, and the building’s approval history suggests reasonable construction standards for its vintage.
The primary risk is the building’s high ownership turnover—over a third of owners have held for less than three years—which can signal soft capital appreciation or dissatisfaction with building management. The negative growth on two comparables (unit 206 and unit 1101) reinforces that not every configuration performs equally, and this unit’s price point sits near the top of recent sales, leaving limited immediate upside. The commercial ground-floor component adds some income resilience to the building’s finances but also introduces noise and waste management considerations. For a buyer, this property works best as a medium-term hold with a focus on rental income rather than aggressive capital gain, and the park-side aspect should help it retain tenant appeal when supply increases.
Detailed Independent Property Report prepared by PropCred Analyst team for 904/36-42 Levey Street, Wolli Creek NSW 2205
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Wolli Creek is a high-density, transit-oriented suburb currently positioned below its long-term trend, presenting a potential entry point. Demand is driven by young professionals, creating a strong rental market, particularly for apartments. While house prices have seen recent volatility with limited sales, the unit market demonstrates stable, modest growth. Future growth is linked to ongoing development, though the market’s high concentration of apartments and its cyclical position relative to broader Sydney are key considerations for investors.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
109m²
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