Currently listed — $730,000 ▼ Reduced 2.7% · $20k · 6 days ago
2 bed · 1 bath · 1 car · ApartmentUnitFlat
Asking price cut 2.7% ($20k, from $750,000 to $730,000) 6 days ago. The vendor has already moved once: negotiate below the NEW asking, not at it.
The Property Brief — what the evidence shows. You draw the conclusion.
Confidence: Low — based on 18 comparable auction sales (14 of this exact configuration) · model runs ±11% for this configuration · confidence held at Low — under 20 same-configuration sales · the model's typical miss is ~11% against published results — every hit and miss
What we've tracked
- 16 July 2026 listed by the agency (portal date)
- 19 Aug 2026 asking $750k
- 21 Aug 2026 price cut $20k — to $730k
- 27 Aug 2026 on market 42 days — portal listing date
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 12/283 Gardeners Rd | 2 bd · 1 ba | $685k | Aug 2024 |
| 8/1 Gray Cr | 2 bd · 1 ba | $680k | July 2024 |
| 33/66 Mascot Dr | 2 bd · 1 ba | $771k | May 2024 |
| 14/12 Evans Av | 2 bd · 1 ba | $738k | May 2024 |
| 3/287 Gardeners Rd | 2 bd · 1 ba | $638k | Mar 2024 |
| 8/6 Hearne Cl | 2 bd · 1 ba | $640k | July 2023 |
Suburb risk flags
flood exposure 62% of the suburb · bushfire exposure 0% · aircraft noise moderate · crime index: 45 — around sydney average · 24 min walk to Kingsford Light Rail · ~28 min light rail to the CBD · light rail ~every 8 min at peak
Where every number comes from
- Fair value: AI PropertyEye price model 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
- Comps: published Domain auction results for Eastlakes — suburb × configuration matches, not hyper-matched to this address
- Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
- Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment
⏱ Days on market — this campaign
42 days since our daily sweep first saw this listing.
The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.
Local rents — postcode 2018 units, new tenancies
$950/week median new-tenancy unit rent in 2018 (2026Q2, 326 bonds lodged).
The rent is real (NSW Fair Trading bond lodgements, CC BY) but it pools every bedroom count in the postcode and this is a 2-bed — so we don't derive a yield % from it: a ratio of two different grains reads as precision it doesn't have. New-tenancy rents also run hotter than sitting rents. Not financial advice.
Growth trend — Eastlakes units at auction
Not enough Eastlakes unit auctions on record to show a trend — this fills in as the archive grows.
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Agencies' own published sales nearby — Eastlakes, around 2 beds
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 3/50 Universal Street | by 16 Aug 2026 | $869,000 | 3 | Laing+Simmons |
Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.
Similar properties — on the market now
The 6 listings above are on the market now: same unit category, within 1 bedroom of 2, asking within 20% of this one, in Eastlakes or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.
Sale history — the official settled-sale record at this address
| Exchanged | Price | Change since prior sale |
|---|---|---|
| 17 Apr 2015 | $512,500 | — |
Settled-sale records from the NSW Valuer General's Property Sales Information. Dates are contract (exchange) dates; sales appear only once lodged, so the most recent months are incomplete and revise upward — never read the latest month as final. Two entries on one date are usually a single transaction recorded across parts. © State of New South Wales (Valuation NSW).
Planning & zoning — R4 High Density Residential
Apartments. Expect towers and ongoing development around you.
Height limit 14m (≈ 4 storeys) — the current legal ceiling for new building at this point under the LEP. Any proposal above it needs a variation or a rezoning — the kind of change the fast-track pipeline tracks.
Floor space ratio 1:1 — the maximum gross floor area you can build is 1:1 times the site area.
Zone R4 (High Density Residential) under the BAYSIDE LEP, from the NSW ePlanning layers at this address's geocoded point — a guide, not a parcel-level legal check. Confirm the exact lot at the NSW Planning Portal.
Development applications — at & near this address
| Where | Proposal | Status | Outcome | Est. cost | Lodged |
|---|---|---|---|---|---|
| ~37 m · 16a-16d Evans Avenue, Eastlakes | Signage | Determined | Approved | $19k | 2020-10-22 |
| ~37 m · 16a-16d Evans Avenue, Eastlakes | Signage, Other | Determined | Approved | $29k | 2020-10-22 |
| ~101 m · 281 Gardeners Road Eastlakes 2018 | Home Business, Change Of Use Of Land Or A Building Or The Classification Of A Building Under The Building Code Of Australia | Under Assessment | not on record | — | 2026-08-05 |
| ~144 m · 279 Gardeners Road Eastlakes 2018 | Signage, Change Of Use | Determined | Approved | $10k | 2021-04-19 |
Development application data © NSW Department of Planning and Environment, used under CC BY 4.0. Matched at this exact address or within ~150 m of its geocoded point — proximity evidence, not a parcel-level check. Lodged means proposed, not approved or built. Outcome comes from a separate NSW dataset that stops in Nov 2023: applications determined after that, or still undetermined, read “not on record” — which means we don't know, never that it was refused. “Status” is the council's own workflow state and “Determined” on its own does not say which way it went. Verify any application on the NSW Planning Portal.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
The building — its registered strata scheme
Strata plan SP1296 registered 1965 — the building is at least 61 years old · 6 lots in the scheme (small scheme — levies and decisions shared among few owners).
Registration is an age floor, not a build date — a converted building is older than its strata plan. Scheme records from the NSW Strata Hub. © State of New South Wales (Spatial Services, a business unit of the Department of Customer Service NSW). For current information go to spatial.nsw.gov.au.
What's changing in Eastlakes — recent local signals
2026-07-04 — Development site — listing's own words: "development potential (STCA)" (42 Garden Street, Eastlakes, NSW 2018) (listing rea-150361300 (rea), first seen 2026-07-04)
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Eastlakes PS (primary) · J J Cahill MHS (secondary)
5 primary schools within 2 km · ICSEA ~1067 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
NSW DoE intake zones at this address's geocoded point — tighter than a suburb-level guess, but geocodes carry a few metres of error and boundaries change with reviews. Verify the exact address at School Finder. Intake zones cover government schools only.
Green space nearby
Protected public recreation land within 100 m
Land zoned RE1 under the local environmental plan — reserved for public recreation, which protects it from being built over. The zoning doesn't say what's on it or how usable it is, and this layer doesn't carry park names.
Privately-zoned recreation land (RE2 — typically golf courses or club grounds) within 500 m. Private land: green outlook, not public open space.
Straight-line distance, not walking distance. NSW ePlanning planning layers (Land Zoning), CC BY. Distances are ladder buckets measured at the address's geocoded point.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.