The listing we observed
2 bedrooms · ApartmentUnitFlat
Listing details describe the advertised home. They do not verify its condition or approved use.
Adrian William · last observed 17 Oct 2026
← swipe · 10 photos
Currently listed — $729,000 ▼ Reduced 5.2% · $40k · 2 cuts
2 bed · 1 bath · 1 car · Apartment / Unit
Asking price cut 5.2% ($40k, from $769,000 to $729,000) 7 days ago — the 2nd cut of this campaign. The vendor has already moved once: negotiate below the NEW asking, not at it.
Your buyer evidence guide
Understand the home before the offer.
The useful records, what they mean, and the questions they leave open. Start here, then explore the evidence below.
What deserves a closer look
- price cut $40k — to $729k
- price cut $31k — to $769k
- asking $800k
These are recorded events, not evidence of the seller's motivation.
What we still cannot tell you
- No settled-sale history is available in this page's records. This does not mean the home has never sold.
- The model has no confident read on this property: its comparable pool disagrees with the advertised figure by more than 40%, and on our sold-validation set the advertised guide — not the model — predicted the sale in these cases. The comparable pool is likely describing different stock than what is being sold.
- Public records and an automated estimate cannot establish whether the home is defect-free, what the contract contains, or why the owner is selling.
Questions to take to the inspection
Use these with the agent and your independent advisers. An answer is something to verify, not a fact we have recorded.
- Which recent sales are most comparable to this home, and how do their size, condition and position differ?
- What repairs, alterations or water issues are documented, and what can an independent inspection verify?
- What do the strata records show about current levies, planned works, meeting decisions and unresolved defects?
The estimate is a model output. The records are evidence. Your inspection and document checks fill the gaps.
Is the asking price plausible?
This is a comparison with the evidence we hold, not a valuation or a recommended offer.
NO CONFIDENT READ
The model has no confident read on this property: its comparable pool disagrees with the advertised figure by more than 40%, and on our sold-validation set the advertised guide — not the model — predicted the sale in these cases. The comparable pool is likely describing different stock than what is being sold.
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 508/35A Upward St | 2 bd · 2 ba | $1.19M | Sept 2025 |
| 49/23 Norton St | 2 bd · 2 ba | $920k | Sept 2025 |
| 48/69 Allen St | 2 bd · 1 ba | $1.36M | June 2025 |
| 154/23 Norton St | 2 bd · 2 ba | $885k | June 2025 |
| 5/30-34 Derbyshire Rd | 2 bd · 1 ba | $917k | June 2025 |
Suburb risk flags
crime index: 52 — around sydney average · 9 min walk to Leichhardt North Light Rail · ~25 min light rail to the CBD · light rail ~every 6 min at peak
Where every number comes from
- Comps: published Domain auction results for Leichhardt — 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
What changed recently?
- 1 Sept 2026 listed by the agency (portal date)
- 2 Sept 2026 asking $800k
- 25 Sept 2026 price cut $31k — to $769k
- 11 Oct 2026 price cut $40k — to $729k
- 18 Oct 2026 on market 46 days — portal listing date
What to inspect before you offer
- Condition, aspect, renovation and the contract — these can materially change price, and the estimate cannot see them.
- Building condition: public records cannot establish that a building is defect-free; inspect independently.
These are due-diligence prompts, not a verdict on this property.
⏱ Days on market — this campaign
46 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.
Rent evidence — asking vs transacted, Leichhardt · postcode 2040
$685–$950/wk is what 2-bed units in 2040 actually transact for (middle half of 47 bonds lodged, Q2 2026 · median $800/wk — NSW Fair Trading, CC BY).
2019Q1 → 2026Q2: $515 → $680/wk · +5% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2040, all bedroom counts pooled.
Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.
Growth trend — Leichhardt 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):
2024Q4 $1100k (5) · 2025Q1 $755k (5) · 2025Q2 $917k (5) · 2025Q3 $1160k (5)
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 — Leichhardt, around 2 beds
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 2/1 Styles Street | 14 Apr 2026 | $1,470,000 | 2 | Harris Partners |
| 151 Flood Street | 18 Dec 2025 | $1,900,000 | 2 | Harris Partners |
| 222 Norton Street | 20 Nov 2025 | $1,760,000 | 3 | Harris Partners |
| 102 Day Street | 16 Aug 2025 | $1,900,000 | 3 | Harris Partners |
| 7/80-82 Burfitt Street | 30 July 2024 | $815,100 | 2 | Harris Partners |
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
$729,000
12/89-97 New Canterbury Road
Petersham · 1.1 km away
1 bed · 1 bath · 1 car
$720,000
15 / 154 Mallett Street
Camperdown · 1.8 km away
1 bed · 1 bath · 1 car
$710,000
13/119-125 Parramatta Road
Camperdown · 1.8 km away
1 bed · 1 bath · 1 car
$750,000
49/19-25 Queen Street
Newtown · 2.5 km away
1 bed · 1 bath · 1 car
$750,000
12/10-14 Terry Road
Dulwich Hill · 2.8 km away
1 bed · 1 bath · 1 car
$700,000
C404/305 Trafalgar Street
Petersham · 1.1 km away
1 bed · 1 bath
The 6 listings above are on the market now: same unit category, within 1 bedroom of 2, asking within 20% of this one, in Leichhardt 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.
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 Leichhardt — recent local signals
2026-10-15 — Development site — listing's own words: "STCA" (1 Loftus Street, Leichhardt, NSW 2040) (listing rea-152648068 (rea), first seen 2026-10-15)
2026-10-15 — Development site — listing's own words: "STCA" (7 Lyall Street, Leichhardt, NSW 2040) (listing rea-152646352 (rea), first seen 2026-10-15)
2026-10-14 — Development site — listing's own words: "STCA" (12 William Street, Leichhardt, NSW 2040) (listing rea-152632192 (rea), first seen 2026-10-14)
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Leichhardt PS (primary) · SSC Blackwattle Bay (secondary)
10 primary schools within 2 km · ICSEA ~1122 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
Suburb-centre approximation for Leichhardt — addresses near a boundary can differ. Verify the exact address at School Finder. Intake zones cover government schools only.
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.