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NSW › Eastgardens › Banks Ave

827/126 Banks Ave, Eastgardens NSW 2036

For saleApartment

$8,500,006

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $8,500,006 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $8,500,006(Listing record · 5 Mar 2026)
  • CalculationIf it leased at Eastgardens's advertised median rent ($1,312/wk), implied gross yield would be 0.80% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$8,500,006

Asking

No recorded sale for this property.

Eastgardens at a glance

6,698

People

No data

Median sale

$1,312/wk

Median rent

No data

Suburb gross yield

See the full Eastgardens report →

Total cost to purchase

Purchase Price
$8,500,006
Stamp Duty (New South Wales)
$521,197
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$9,025,070

$525,064 on top of the price (6.2% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Eastgardens's advertised median rent — not a rent for this listing.

Net yield
-0.70%
Annual cashflow (pre-tax)
$-501,276
Interest cover (DSCR)
-0.13
Annual rent
$68,224
Operating expenses
$127,500
Loan amount
$6,800,005
Annual interest
$442,000
Gross yield
0.80%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$8,500,006available5 Mar 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $1,312/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 0.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Eastgardens in one glance

Eastgardens at a glance

6,698

People

No data

Median sale

$1,312/wk

Median rent

No data

Suburb gross yield

See the full Eastgardens report →

Keep researching

  • Why Eastgardens? Read the area thesis →
  • What else is on the market in Eastgardens →
  • Other records on Banks Ave →

Listing material

Listed by Triple S Property

Stylish lifestyle by Meriton | East-Facing with Garden View | 6.2% Rental Yield

This bright and modern apartment offers stylish living with quality finishes and an east-facing aspect overlooking lush gardens. The master bedroom features direct access to a private balcony, and the separate study can be easily converted into a second bedroom. Bedrooms are comfortably carpeted, and natural light fills the open-plan living space.

Residents enjoy access to premium facilities including a swimming pool, fully-equipped gym, and sauna-perfect for relaxation and an active lifestyle.

Ideal for investors and first home buyers looking for comfort, convenience, and strong long-term potential.

Read the full description

Features:

*Secure car space

*Generously sized bedrooms with built-in wardrobes and soft carpeting.

*Study room with built-in wardrobe and window, could be used as a second bedroom

*Kitchen with Caesar-stone bench-top and mirrored splash-back

*Combine living and dining area

*Reverse cycle ducted air-conditioning system

*Internal laundry

Facilities:

*Resort-style amenities including indoor pool, sauna, heated spa and gym *Landscaped podium recreational areas with BBQ facilities

*Onsite restaurants, a medical centre, asian supermarket, retail shops, beauty services and cafe.

*Dedicated building manager, 24-hour security, and secure parking with ample visitor spaces *Convenient Parcel Lockers

*Located next to a Central Park featuring a basketball court, outdoor gym, and children's playground

*Minutes walk to numerous childcare centres

*Close to renowned beaches, prestigious schools and universities, and beautifully maintained local parklands

*Adjacent to the upcoming Westfield redevelopment, adding 60,000 sqm of vibrant retail and commercial spaces, further energising this already dynamic community.

Outgoing:

Strata fee : $1680.00/per quarter

Council rate: $391.90/per quarter

Water rate: $200/per quarter

For more information and inspection arrangement, kindly contact Billie Cheah at 0459428685 .

Listing description written by Bruce - Li Tan, Triple S Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Gym
  • Indoor Spa
  • Intercom
  • Pet-Friendly
  • Reverse Cycle Aircon
  • Secure Parking
  • Study

Also look at

Also for sale in Eastgardens

  • 1306/128 Banks Ave, Eastgardens NSW 2036

    2-bed apartment. Currently listed.

    For sale
  • 601/124 Banks Ave, Eastgardens NSW 2036

    2-bed apartment. Asking $925K–$950K.

    For sale
  • U24, 126 Banks Ave, Eastgardens NSW 2036

    3-bed apartment. Asking $1.38M.

    For sale
  • 1509/128 Banks Ave, Eastgardens NSW 2036

    4-bed apartment. Currently listed.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.