The listing we observed
2 bedrooms · ApartmentUnitFlat
Listing details describe the advertised home. They do not verify its condition or approved use.
Ian Qiu · last observed 15 Oct 2026← swipe · 10 photos
Currently listed — $900,000 ▼ Reduced 5.3% · $50k · 2 weeks ago
2 bed · 2 bath · 1 car · Apartment / Unit
Asking price cut 5.3% ($50k, from $950,000 to $900,000) 2 weeks ago. 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.
Recorded sales at this address
1 recorded sale
A previous sale is a useful reference, but its date and any changes to the home matter. It is not today's value.
Valuation NSW · dates and prices in Sale history belowThe strata scheme
SP47754 · 111 lots
Scheme size provides context. It does not tell us the current levies, finances or condition of the building.
NSW strata register · registered 1994What deserves a closer look
- auction: Postponed (Morton Pyrmont)
- price cut $50k — to $900k
- asking $950k
These are recorded events, not evidence of the seller's motivation.
What we still cannot tell you
- 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 |
|---|---|---|---|
| 169/102 Miller St | 2 bd · 2 ba | $2.75M | Sept 2025 |
| A14/14 Quarry Master Dr | 2 bd · 2 ba | $1.57M | July 2025 |
| 107/2-26 Wattle Cr | 2 bd · 2 ba | $1.46M | June 2025 |
| 19E/4 Distillery Dr | 2 bd · 2 ba | $2.35M | May 2025 |
Suburb risk flags
crime index: 70 — above sydney average · 18 min walk to Wynyard · ~4 min train to the CBD · light rail ~every 6 min at peak
Where every number comes from
- Comps: published Domain auction results for Pyrmont — 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 first tracked by our radar (the portal doesn't publish its list date)
- 20 Sept 2026 asking $950k
- 29 Sept 2026 price cut $50k — to $900k
- 10 Oct 2026 auction: Postponed (Morton Pyrmont)
- 16 Oct 2026 on market 45+ days — first tracked by us, a lower bound
What to inspect before you offer
- Condition, aspect, renovation and the contract — these can materially change price, and the estimate cannot see them.
- The strata scheme: registration is recorded in 1994 and has 111 lots; ask for the strata report, planned works and levies.
- 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
45 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, Pyrmont · postcode 2009
$950–$1200/wk is what 2-bed units in 2009 actually transact for (middle half of 93 bonds lodged, Q2 2026 · median $1050/wk — NSW Fair Trading, CC BY).
2019Q1 → 2026Q2: $750 → $970/wk · +6% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2009, 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 — Pyrmont units at auction
Measured like-for-like growth ≈ 3.9%/yr — 2-bed sold-price medians across 16 quarters (47 sales).
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.
Published auction results at this address
| Auction week | Result | Price | Agency |
|---|---|---|---|
| 10 Oct 2026 | Postponed | withheld | Morton Pyrmont |
From Domain's published weekly auction results — individual outcomes as published; withheld prices stay withheld.
Similar properties — on the market now
$900,000
108/261 Harris Street
Pyrmont
2 bed · 2 bath · 1 car
▼ Reduced 9.5% · $95k · 2 weeks ago
$900,000
417/261 Harris Street
Pyrmont
2 bed · 2 bath · 1 car
$900,000
201/646 Harris Street
Ultimo · 1.1 km away
2 bed · 2 bath
$900,000
86A Wigram Road
Forest Lodge · 1.9 km away
1 bed · 1 bath · 1 car
$900,000
608/1 Chippendale Way
Chippendale · 2.0 km away
1 bed · 1 bath · 1 car
$900,000
55/39 Dangar Place
Chippendale · 2.0 km away
2 bed · 1 bath · 2 car
The 6 listings above are on the market now: same unit category, within 1 bedroom of 2, asking within 20% of this one, in Pyrmont 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 |
|---|---|---|
| 16 Sept 2021 | $865,000 | — |
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).
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 SP47754 registered 1994 — the building is at least 32 years old · 111 lots in the scheme (large scheme — expect facilities and higher levies).
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 Pyrmont — recent local signals
2026-08-14 — Development site — listing's own words: "STCA" (110/1 Wattle Crescent, Pyrmont, NSW 2009) (listing rea-151644652 (rea), first seen 2026-08-14)
2025-10-23 — Childcare new — 14-26 WATTLE STREET PYRMONT 2009 ($331337k) (institutional-signals.json (PAN-591913, OnlineDA))
2025-06-04 — Childcare invest — 14-26 WATTLE STREET PYRMONT 2009 ($331337k) (institutional-signals.json (PAN-536601, OnlineDA))
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Ultimo PS (primary) · SSC Balmain (secondary)
6 primary schools within 2 km · ICSEA ~1102 — 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 Pyrmont — 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.