RWC Western Sydney has announced the auction of a three-property portfolio, located at 190 Richmond Road, Blacktown; 27 Coreen Avenue, Penrith; and 45 Treetops Avenue, South Penrith, in what represents one of the region’s most genuine developer clearances in recent years.
Comprising two group homes and one co-living investment, the portfolio is fully leased to reputable operator ShareSorted, providing a combined annual income exceeding $550,000. Each property was completed between November 2023 and December 2024 and offers modern, self-contained rooms with kitchenettes, air-conditioning, and stylish communal spaces. With significant depreciation benefits, low maintenance requirements, and secure tenancies already in place, the offering provides immediate and resilient cash flow.
Guided in the mid-$2 million range per property, the assets will be offered individually or in one line via In-Room Auction on Thursday, 4 December 2025, at 11:00 am, Level 6, 150 George Street, Parramatta.
Director Joseph Assaf said the listing arrives at a time when Sydney’s rental supply is under intense pressure and demand for compliant, affordable accommodation continues to soar. “Across Sydney, we’re seeing unprecedented demand for high-quality, compliant accommodation for key workers, students, and those priced out of the traditional rental market,” he said. “Purpose-built assets like these are bridging the gap; they’re ethical, resilient, and provide exceptional cash flow.”
Sales executive Andrew Sacco described the developer’s decision to release the entire portfolio as a “rare buying window” for investors seeking strong income and long-term growth potential. “Every asset is newly completed, professionally managed, and strategically positioned in a corridor primed for future expansion,” Mr Sacco said. “With secure leases in place and impressive yields, this is one of the most compelling residential investment opportunities we’ve seen all year.”
Sales associate Alex El Hazouri added that the portfolio combines certainty and purpose, two qualities increasingly sought after in the current market. “Investors are chasing assets that deliver dependable income while contributing to the housing solution,” he said. “These properties offer immediate returns, minimal maintenance, and a tangible role in addressing the affordability challenge. They tick every box.”
Australia’s ongoing housing shortage has placed growing emphasis on innovative models such as co-living and group housing. Professionally managed, compliant, and designed for high occupancy, they’re increasingly seen as part of the long-term solution to the nation’s supply problem, and a new benchmark for socially conscious investment.
“This is a reflection of how the market is evolving,” Mr Assaf added. “Investors are realising that modern, well-managed housing assets can perform strongly while delivering meaningful social outcomes.”
The portfolio’s income profile includes $174,200 per annum at 190 Richmond Road, Blacktown; $191,880 per annum at 27 Coreen Avenue, Penrith; and $187,200 per annum at 45 Treetops Avenue, South Penrith. Each property combines commercial-style returns with residential zoning flexibility, an increasingly rare combination in Sydney’s tightening market.
