611/86-88 Northbourne Avenue, Braddon ACT 2612

611/86-88 Northbourne Avenue, Braddon ACT 2612
2 bed 2 bath 2 car layout | 86 sqm generous footprint | Phoenix complex gym and secure parking | EER 6 solid for Canberra | Northbourne corridor setting A configuration advantage is held by this unit in Braddon. A two bed, two bath, two car layout with 86 square metres is measured larger than typical inner north stock. The Phoenix complex is equipped with gym, secure parking and intercom access, and its EER of 6 is solid for Canberra. Northbourne placement is thought to give strong exposure to the light rail and employment nodes, with owner-occupier appeal and rental depth being supported. The property is suited to downsizers, professional couples or small households seeking a lock-and-leave base with parking and internal room. Tenant demand is broadened by two bathrooms and two car spaces. Value may be shaped by Northbourne Avenue frontage, where traffic noise is a consideration. Variation in fit-out may be expected across the complex. Strength is added by two car spaces, though a tandem arrangement might alter worth. Strata levies may be impacted by building age, though EER 6 may indicate solid construction.
Detailed Independent Property Report prepared  by PropCred Analyst team for 611/86-88 Northbourne Avenue, Braddon ACT 2612
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ✓
Execution Risk ✕ 2
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Braddon’s inner-north position, anchored by light rail and walkable access to the Canberra CBD, sustains a dense, urban market where renters make up 56.76% of the 5,504 residents. Demand is led by young professionals and investors chasing high-connectivity living, reflected in 247 unit sales over the past year. House prices are under pressure: median values fell 22.24% annually to $570,000 per one dataset, while another shows $657,500, down 7.98%; days on market stretch to 63–77. Units are steadier, with median prices around $565,000 and 0.89% growth, a tight 0.97% vacancy rate, and gross yields near 5.7%. Weekly house rents range $590–$645, units $580–$612. The thin house market—just 29–36 sales annually—intensifies competition, but affordability constraints and rate sensitivity cap upside; infrastructure links to employment hubs support the medium-term outlook for apartments over houses.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Comparable Sales: Unit 106 in the same building sold at $610k; Unit 25 also sold at $610k | Listed Price Band: $600K-$700K | Value Indicator: internal condition, dual car accommodation, Northbourne frontage exposure

Bedrooms

2

Bathroom

2

Parking

2

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat