Hi First name / there

 

Most weeks I bring you something still under construction — titles months or years away, a builder's timeline standing between you and settlement. This week's different. The stock is finished. It's ready to settle now. And that changes the entire risk conversation.

 

Gross yield is running above 5%, well ahead of the 4% line I look for. Days on market sit around 44 days — healthy turnover. Three-year price growth is still under my 50% ceiling, which tells me this pocket of inner Sydney hasn't had its full run yet, even sitting 10 minutes from the CBD.

 

What I'm flagging: 

The local auction clearance rate is running around 45%, against the 60% I want to see. That's a sign buyers currently have more negotiating room here than in a hot market — worth knowing as context, even though this particular purchase is complete stock, not an auction.

 

Read it as what it is: a lower-risk, cash-flow-leaning play in an inner-Sydney suburb still catching up on price, not a speculative growth bet.
 

This genuine lakefront project is also close to the town centre and Bond University - which is  scarce and showing real value potential here. 

 

 

Brand new, complete apartments in Rosebery — 10 minutes to the Sydney CBD, the beaches and the airport, footsteps from transport, parks and everyday shops. 

 

High-end inclusions throughout: high ceilings, ducted air conditioning, thick stone benchtops, feature lighting, timber flooring. 

 

A final two-bedroom is available from $1,343,000, appraised at $1,250–$1,300 a week. We still have a few one-bedroom apartments from $847,000 with appraised rents of $820–$850 a week - ask for your rental appraisal.

 

I personally inspected these last week and I was super impressed:

 

Supplier's own read:  this stock is running circa 20–30% cheaper than comparable new projects selling nearby — because it's already built, not because it's compromised. Similar off the plan projects in the immediate area have 2 beds starting from like $1.6m, so we are buying at older pricing and able to create some instant benchmarking. 

 

Roughly 12 months old, still developer stock so full depreciation/gearing benefits apply.

 

Ready to inspect and settle, purchase with 21 days finance.

 

Perryn
Portfolio by Design
portfoliobydesign.com.au