5/2 Kensington Mews · Waterloo NSW 2017

Currently listed — $1,050,000 ▼ Reduced 4.5% · $50k · 8 days ago

2 bed · 1 bath · 1 car · ApartmentUnitFlat

Asking price cut 4.5% ($50k, from $1,100,000 to $1,050,000) 8 days ago. The vendor has already moved once: negotiate below the NEW asking, not at it.

View the live listing →

⏱ Days on market — this campaign

56 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 2017 units, new tenancies

$1065/week median new-tenancy unit rent in 2017 (2026Q2, 1012 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 — Waterloo units at auction

Measured like-for-like growth ≈ 5.0%/yr — 2-bed sold-price medians across 14 quarters (59 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.

Agencies' own published sales nearby — Waterloo, around 2 beds

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 Waterloo 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 Waterloo — recent local signals

2026-07-31 — Place of worship invest — 2-6 KELLICK STREET WATERLOO 2017 ($987k) (institutional-signals.json (PAN-660763, OnlineDA))

2026-03-10 — Aged care / seniors invest — 182-186 YOUNG STREET WATERLOO 2017 ($481k) (institutional-signals.json (PAN-619742, OnlineDA))

Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.

School catchments

Alexandria Park CS (primary) · Alexandria Park CS (secondary)

6 primary schools within 2 km · ICSEA ~1105 — 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 Waterloo — addresses near a boundary can differ. Verify the exact address at School Finder. Intake zones cover government schools only.