A706/517 Harris Street Ultimo NSW 2007

Two-bedroom apartment on market | $1.6-1.7M asking range | 108sqm interior + city views | Ultimo waterfront proximity This two-bedroom apartment represents the mid-tier offering within the Harris Street building, positioned as an urban residence for professionals or downsizers seeking harbour-adjacent living without penthouse premiums. The property sits in a security building with established amenities including lift access and rooftop facilities, factors that typically underpin stable long-term values in inner-city apartment markets. At 108 square metres of internal space with one car space, the floor plate reflects standard contemporary apartment proportions for this location, prioritising function over sprawl. The asking range of 1.6 to 1.7 million positions it between the more modest units in the same building and higher-floor variants, suggesting differentiation through positioning rather than structural distinction. Properties at this price point and scale in Ultimo typically attract investors with medium-term holding strategies, owner-occupiers relocating from suburbs, and empty-nesters transitioning from larger homes. The building’s proximity to Darling Harbour, public transport, and proximity to Sydney Fish Markets creates consistent demand drivers that tend to support resale liquidity, though values remain sensitive to broader apartment market cycles. A comparable unit in the same address sold for 1.5 million in mid-2023, suggesting modest price appreciation or possible premium for current positioning. The strata contributions of approximately 1,205 per quarter represent typical costs for full-service apartment living in this precinct and warrant consideration against rental equivalence for investor assessment. Units at this level generally appeal to buyers prioritizing convenience and urban amenity over land size or renovation potential, characteristics that position this property as a fairly liquid middle-market offering within the inner-city apartment segment.