12/24 Forbes Street, Turner ACT 2612
12/24 Forbes Street, Turner ACT 2612
Large 153m² apartment | Rare 3-bed 2-car combo | Stable owner-occupier building | FTTP and active | Mid-2000s built
A 153 m² three-bedroom apartment with two car spaces is a rare configuration in Turner’s inner-north apartment market, where smaller investor-driven units are more common. The building’s stable owner-occupier profile and mid-2000s construction era are considered competitive strengths. This property serves owner-occupiers or downsizers who require space without moving to a house. FTTP connectivity is a practical advantage and the larger floorplan with EER 6 is strong for its age the walkable suburb position adds further appeal for professional couples.
The property’s larger size may affect its price performance compared to typical two-bedroom apartments in the area. Buyers might weigh the potential for future maintenance in a mid-2000s building though no immediate issues are indicated. The unconfirmed aspect could be a point of curiosity for some buyers however the stable owner-occupier tenure suggests good building management.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/24 Forbes Street, Turner ACT 2612
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✓
Income Risk
✓
Execution Risk
✓
Turner ACT 2612
Turner is an established inner-north suburb prized for its proximity to the Canberra CBD. Demand is driven by a young, professional demographic seeking urban convenience, supported by strong recent sales activity. The market demonstrates solid turnover, with houses and units moving at a measured pace. Future growth is underpinned by sustained population increases, though the limited volume of house sales suggests a tightly held market that may constrain supply.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.74 acres
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst