What is the price of Unit 1509 at Falcon & Alexander, Crows Nest?

Unit 1509 is priced at $2,870,000.

What is the rental yield for Unit 1509 in Crows Nest?

The estimated gross rental yield for Unit 1509 is 1.2%.

How does Unit 1509 compare to the median unit price in Crows Nest?

Unit 1509 is significantly above the suburb median unit price of $950,000, reflecting its luxury features and location.

What makes Crows Nest a desirable suburb for buyers?

Crows Nest offers vibrant urban living, excellent transport via the new Metro station, strong capital growth, and a dynamic dining scene.

What is the ASPIRE Intelligence Score for Unit 1509?

Unit 1509 at Falcon & Alexander has an ASPIRE Intelligence Score of 62 out of 100.

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Residence

Unit 1509

Level 15

Harbour Views Meet Metro Luxury: Crows Nest's Most Exclusive Address Residences

Name: Unit 1509 — Harbour Views Meet Metro Luxury: Crows Nest's Most Exclusive Address Residences
Brand: Local Knowledge Property
Price: 2870000 AUD
Availability: InStock

Falcon & Alexander — Unit 1509 | 2B/2B/1C

8 Alexander St Crows Nest NSW 2065 · Crows Nest, NSW 2065

62ASPIRE

$2,870,000

1.2% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

91m²

Total Area

Aspect: Building F

Financial Analysis

Purchase Price

$2,870,000

NSW Stamp Duty

$140,260

Est. Weekly Rent

$650/wk

Gross Yield

1.18%

Year 1 After-Tax Cashflow

$-45,982

Est. Mortgage (80% LVR)

$3242/wk

6.19% rate, 30yr P&I

Financial projections are estimates only. Yields assume median suburb rents. Stamp duty calculated on NSW 2025/26 rates. Seek independent financial advice.

About This Residence

Priced at $2.87M, this apartment commands a significant premium over the $950,000 median, reflecting its exclusive position in a market where 5-year unit growth has surged 42.1%. The high-floor, two-bedroom configuration delivers a premium Lower North Shore lifestyle mere steps from the new metro station. Despite the initial cashflow, the low 1.8% suburb vacancy rate underpins strong rental demand, with this property's ASPIRE Score™ of 62 highlighting its potential within a high-growth precinct.