Built in 2016 - 35–39 Balmoral Street quickly became a popular address due to its modern design and location within the Waitara Public School catchment.
In line with many newer buildings from that era, some construction issues later emerged - including waterproofing and fire safety concerns. Rather than delay, the Owners Corporation took swift action, enrolling in Project Remediate, a NSW Government initiative offering interest-free loans to fix building defects.
Throughout 2024, the building began a full transformation: the cladding replacement has been completed, with balcony upgrades, waterproofing, and fire safety improvements currently underway and set to be brought up to code under expert supervision.
The works were completed in January 2025, with a defect liability period running through July, giving new owners confidence in a fully remediated, future-ready home.
Why It's Priced Below Market Value:
-All major defects have been professionally rectified under Project Remediate
-A government-backed, interest-free loan is in place to cover the remediation costs
-Certificate of Practical Completion issued in January 2025, confirming work is finished
-A 6-month defect liability period is active until July 2025, ensuring continued oversight
-The building is now fully compliant with fire safety and waterproofing standards
Now, the hard part's done - and this apartment is ready to enjoy. You're buying a fully compliant, future-proofed apartment, in a building that's had more oversight and upgrades than most.
Quarterly Strata Levies:
Admin Fund: $920.85
Capital Works: $329.80
Special Levy (Loan Repayment): $1,493.37
Total per quarter: $2,744.00
Government loan is interest-free until 2034
Investment Breakdown – $600,000 Sale Price Example:
Estimated Rent: $700/week
Annual Income:$36,400
Annual Strata (incl. loan levy): $10,976
Net Income (Pre-tax):$25,424
Gross Rental Yield: 6.06%
Comparing this to Sydney's Average Rental Yields:
-Overall Sydney Average: In 2025, the average rental yield for houses in Sydney is approximately 2.6%, and for units, it was 3.9%.
For further details or to arrange an inspection, please contact Anthony Chau on 0449 551 682 and Josh Saliba on 0400 231 424.
We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
▶
