8 Ruby Street, Carramar, NSW 2163 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Price Guide: $6,000,000

8 Ruby Street
Carramar NSW 2163

Bedrooms: 24
Bathrooms: 12
Car spaces: 12
Land area: 1355m2
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Twelve-Income Investment Holding on 1,355sqm

Forsyth Real Estate is proud to present an exceptionally rare opportunity to secure an entire complex of 12 two-bedroom residences in one tightly held investment.
Positioned on approximately 1,355sqm in the heart of Carramar, this substantial holding offers immediate scale, diversified rental income and genuine potential for further rental growth.
The complex currently generates approximately $235,040 per annum in rental income, with projected income estimated between $262,080 and $280,800 per annum, presenting a compelling opportunity for investors seeking a high-performing residential asset.
Rather than acquiring individual apartments across multiple locations, this offering provides the efficiency and control of owning an entire complex under one title, making it ideally suited to private investors, syndicates, family offices or portfolio buyers.
Investment Highlights:
- Entire complex comprising 12 well-maintained two-bedroom residences
- Substantial landholding of approximately 1,355sqm
- Current rental income of approximately $235,040 per annum
- Projected rental income of approximately $262,080 to $280,800 per annum
- Multiple income streams within a single investment
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Property Details for 8 Ruby St, Carramar

8 Ruby St, Carramar is a 24 bedroom, 12 bathroom BlockOfUnits with 12 parking spaces. The property has a land size of 1355m2. The place is currently for sale with Forsyth Real Estate .

Building Type
BlockOfUnits
Land Size
1355m2
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About Carramar 2163

The size of Carramar is approximately 1.0 square kilometres. There are 5 parks, covering nearly 19.2% of the total area. The population of Carramar in 2016 was 3550 people. By 2021 the population was 3475 showing a population decline of 2.1% in the area during that time. The predominant age group in Carramar is 30-39 years. Households in Carramar are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Carramar work in a machinery operators and drivers occupation.In 2021, 48.80% of the homes in Carramar were owner-occupied compared with 45.80% in 2016.

Carramar has 1,682 properties. Over the last 5 years, Houses in Carramar have seen a 37.10% increase in median value, while Units have seen a 22.48% increase. As at 30 June 2026:

  • The median value for Houses in Carramar is $1,138,122 while the median value for Units is $456,168.
  • Houses have a median rent of $650 while Units have a median rent of $430.
There are currently 7 properties listed for sale, and 8 properties listed for rent in Carramar on OnTheHouse. According to Cotality's data, 65 properties were sold in the past 12 months in Carramar.

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Michael Buium
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Cassandra Grozdanovski
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