Currently listed — $849,000
2 bed · 2 bath · 1 car · NewApartments
The Property Brief — what the evidence shows. You draw the conclusion.
Confidence: Low — based on 51 comparable auction sales (16 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
- 3 Mar 2026 listed by the agency (portal date)
- 26 Aug 2026 asking $849k
- 27 Aug 2026 on market 176 days — portal listing date
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 31/2-6 Market St | 2 bd · 2 ba | $600k | July 2025 |
| 2/55-57 Chapel St | 2 bd · 1 ba | $720k | May 2025 |
| 1006/5 Rockdale Plaza Dr | 2 bd · 2 ba | $865k | May 2025 |
| 9/558 Princes Hwy | 2 bd · 2 ba | $600k | Mar 2025 |
| 6/22-24 Aboukir St | 2 bd · 2 ba | $861k | Mar 2025 |
Suburb risk flags
aircraft noise moderate · crime index: 50 — around sydney average · 1 min walk to Rockdale · ~16 min train to the CBD · trains ~every 10 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 Rockdale — 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
176 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 2216 units, new tenancies
$720/week median new-tenancy unit rent in 2216 (2026Q2, 257 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 — Rockdale units at auction
Too few same-bed sales for a measured growth rate yet. Recent quarterly sold medians (all unit sizes — thin samples move these):
2024Q2 $980k (3) · 2024Q4 $830k (6) · 2025Q1 $790k (3) · 2025Q2 $888k (4)
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.
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 Rockdale 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.
Planning & zoning — R4 High Density Residential
Apartments. Expect towers and ongoing development around you.
Height limit 14.5m (≈ 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 |
|---|---|---|---|---|---|
| ~42 m · 648-652 Princes Highway Rockdale 2216 | Subdivision | Determined | not on record | $6k | 2025-08-06 |
| ~100 m · 1 Rockdale Plaza Drive Rockdale 2216 | Business Premises, Advertising And Signage, Alterations Or Additions To An Existing Building Or Structure | Under Assessment | not on record | $77k | 2026-06-30 |
| ~120 m · Nw Cnr Of Princes Hwy & Rockdale Plaza Dr | Signage | Withdrawn | not on record | $25k | 2021-03-08 |
| ~122 m · 651 Princes Highway Rockdale 2216 | Dwelling House, Erection Of A New Structure, Minor Building Alterations (Internal) · 1 new dwelling | Withdrawn | not on record | $30k | 2025-08-18 |
| ~122 m · 651 Princes Highway Rockdale 2216 | Commercial Development, Office Premise, Change Of Use Of Land Or A Building Or The Classification Of A Building Under The Building Code Of Australia · 1 new dwelling | Determined | not on record | $30k | 2025-08-20 |
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.
What's changing in Rockdale — recent local signals
2026-05-29 — Place of worship invest — 5 BAY STREET ROCKDALE 2216 ($6375k) (institutional-signals.json (PAN-642279, OnlineDA))
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Kogarah PS (primary) · Kogarah HS (secondary)
6 primary schools within 2 km · ICSEA ~1058 — 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 250 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.