What is the price of Unit 708 at 8 Alexander St, Crows Nest?

Unit 708 is priced at $2,480,000.

What is the estimated rental yield for this apartment?

The estimated gross rental yield for Unit 708 is 1.4% based on a weekly rent of $650.

How does the price of this apartment compare to the median in Crows Nest?

Unit 708 is priced significantly above the Crows Nest median unit price of $950,000, reflecting its premium features and location.

What lifestyle amenities are near 8 Alexander St, Crows Nest?

Residents enjoy direct access to the new Metro station, vibrant cafes, restaurants, and high walkability in the heart of Crows Nest.

Is Crows Nest a good suburb for long-term growth?

Crows Nest has experienced 42.1% unit price growth over five years, supported by new metro infrastructure and strong demand.

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Residence

Unit 708

Level 7

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

Name: Unit 708 — Harbour Views Meet Metro Luxury: Crows Nest's Most Exclusive Address Residences
Brand: Ding Real Estate
Price: 2480000 AUD
Availability: InStock

Falcon & Alexander — Unit 708 | 2B/2B/1C

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

62ASPIRE

$2,480,000

1.4% gross yield

Residence Configuration

Bedrooms

Bathrooms

Car Space

94m²

Total Area

Aspect: Building F

Financial Analysis

Purchase Price

$2,480,000

NSW Stamp Duty

$118,810

Est. Weekly Rent

$650/wk

Gross Yield

1.36%

Year 1 After-Tax Cashflow

$-37,423

Est. Mortgage (80% LVR)

$2801/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

Positioned as a high-conviction capital growth play, this 2 bedroom apartment in Crows Nest commands a premium $2.48M price point, reflecting the suburb's 42.1% five-year unit growth. The seventh-floor residence in 'Building F' offers a 94m² lock-and-leave lifestyle moments from the new Metro, yet its 1.36% yield and negative $37,423 first-year cashflow necessitate a patient, equity-focused strategy. Investors are acquiring a finite asset in a supply-constrained, high-demand corridor where a 1.8% vacancy rate underscores rental security, meriting its ASPIRE Score of 62/100 for long-term appreciation.