192/62 Constitution Avenue, Parkes ACT 2600

192/62 Constitution Avenue, Parkes ACT 2600
Luxury Eastbourne apartment | 97sqm plus 20sqm balcony | Two secure carparks | Prime Parkes position on Commonwealth Park This property offers a rare combination of generous internal space and substantial balcony area, unusual for apartments in this precinct. The dual basement carparks and multi-purpose room add practical value that strengthens its position against comparable units in Kingston or Barton. The Eastbourneโ€™s location on Commonwealth Park provides permanent outlook protection and immediate access to the lake and parliamentary zone, which appeals most to downsizers or professionals seeking a lock-and-leave residence in Canberraโ€™s most prestigious address. The primary risk is the off-the-plan nature, where final finishes and build quality depend on the developerโ€™s delivery standards. Buyers should verify the strata levies and sinking fund projections, as luxury buildings often carry higher ongoing costs. The opportunity lies in securing a unit on level seven, which balances views with manageable lift access, and the 20sqm balcony effectively extends living space in a market where such outdoor areas are increasingly valued.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 192/62 Constitution Avenue, Parkes ACT 2600
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Market Insight:

Parkes is a tightly held inner-city precinct, with its market defined by high-end apartments rather than houses, attracting a professional demographic. Demand is driven by affordability pressures redirecting buyers towards units, supported by structural undersupply and elevated rents across the territory. While recent territory-wide price growth has been positive, the suburb’s values remain below their previous peak, with future growth tempered by borrowing capacity constraints and higher financing costs.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

1.38 ha

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