73/9 Irving Street, Phillip ACT 2606
73/9 Irving Street, Phillip ACT 2606
Level 7 corner apartment | 2-bed 2-bath with study | Newer 2023 build | Pool and gym complex | Strong rental demand
This apartment holds a clear competitive edge within Phillip’s newer stock. The corner position on level 7 delivers natural light and outlook that most units in this price range simply do not offer, while the 2023 construction means modern finishes, double glazing, and stone benchtops throughout. The study area and European laundry add practical function for professional couples or downsizers seeking low-maintenance living near Woden Town Centre, Canberra Hospital, and the future light rail corridor. For an owner-occupier wanting contemporary comfort without the upkeep of a house, this unit is well positioned in both layout and location.
The main value considerations centre on strata fees and orientation. This complex carries higher quarterly levies than older blocks, which may affect holding costs and should be factored into any offer. The exact compass aspect is not confirmed, so solar performance in winter remains uncertain despite the corner placement. Rental demand appears robust given the proximity to employment hubs, and the 2-bed configuration with secure parking and storage should appeal broadly to investors as well. The absence of heritage or flood overlays reduces environmental risk, while the density of the precinct means less privacy than a standalone dwelling.
|| Comparable Sales: 73/11 Irving Street sold $577,000 in July 2025; 105/9 Irving Street 1-bed around $520,000 | Property Price Band: $550,000–$650,000 | Value Drivers: level 7 corner position, 2023 build quality, pool and gym amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 73/9 Irving Street, Phillip ACT 2606
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
The suburb is in a correction phase: median house prices fell 14.09% over the past year to $545,500, while units declined a milder 3.19% to $532,450. Only 26 house sales were recorded, so liquidity is thin. Rental metrics indicate investor-driven demand: house yields are 5.12%, unit yields 5.68%, with weekly rents of $568 and $575 respectively. The 45-day median selling time points to balanced conditions, not distressed turnover. Buyers are likely yield-focused investors and renters priced out of tighter markets, though demographic and infrastructure data are insufficient to confirm a broader owner-occupier base. Future growth depends on rental strength and any reversal of the recent price fall, but the sharp decline and low sales volume are key constraints. The subdued unit price movement offers relative stability, yet the absence of supply and vacancy data limits confidence. Overall, this is a high-yield, low-liquidity market with clear affordability appeal and elevated price risk.
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PropCred Estimated Value
Comparable Sales: 73/11 Irving Street sold $577,000 in July 2025; 105/9 Irving Street 1-bed around $520,000 | Property Price Band: $550,000–$650,000 | Value Drivers: level 7 corner position, 2023 build quality, pool and gym amenities
Bedrooms
2
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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