8/92 Mcmichael Terrace, Denman Prospect ACT 2611
8/92 Mcmichael Terrace, Denman Prospect ACT 2611
Ground-floor courtyard unit | North-facing light | 110 m² total | 2019 build | EER 6 double glazing
This apartment holds a genuinely uncommon position within Denman Prospect’s newer stock. The ground-floor courtyard configuration, paired with a north-facing aspect, delivers private outdoor space that most apartments in this price range simply do not offer. At roughly 110 m² total, it sits well above the typical 2-bedroom footprint, which translates into a more livable floorplan for couples, young families, or downsizers who are not ready to sacrifice space. The 2019 build quality, combined with double glazing and an EER 6 rating, places it toward the better-insulated end of Canberra’s apartment market, reducing ongoing energy costs and improving comfort across seasons. This unit is best suited to owner-occupiers who value accessibility, outdoor living, and low-maintenance convenience, rather than investors chasing the highest possible yield per square metre.
The value picture here may be shaped by a few factors worth weighing carefully. Strata fees for ground-floor units with courtyards can run higher than standard apartments, given the shared landscaping and building maintenance obligations, so those costs should be reviewed before committing. The bushfire planning control flagged for the broader area might not affect this property directly, but it could influence future insurance premiums or any proposed modifications. The same address range includes both courtyard units and upper-level view-oriented apartments, meaning resale demand may depend heavily on how well this specific floorplan and outdoor space are presented. The north-facing courtyard and the overall size are the strongest levers for maintaining value, while the absence of a definitive aspect confirmation for this exact unit suggests a site inspection is essential to verify light quality.
|| Comparable Sales: 23/92 McMichael Terrace sold at $597k; 5/92 listed at $575k+ | Property Price Band: $550k–$650k | Value Drivers: North-facing courtyard, total floor area, 2019 build quality with double glazing
Detailed Independent Property Report prepared by PropCred Analyst team for 8/92 Mcmichael Terrace, Denman Prospect ACT 2611
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Denman Prospect is positioned as a young, high-income Canberra suburb: buyers aged 30–39 dominate, household incomes sit 35.7% above the ACT average, and 91% of owners hold mortgages. Reported house prices vary—$1.09M, $965K, $1.3M—but 10.1% annual growth and 76 median days on market confirm solid detached demand. Units are stronger still: 16.22% growth, 42 days on market, and a 5.18% gross yield, with median rents of $930 for houses and $620 for units. Canberra-wide, entry-level houses have climbed 47.7% in five years, and KPMG expects supply to undershoot by roughly 30%, supporting future growth. However, tight borrowing capacity and affordability constraints will likely temper price gains.
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PropCred Estimated Value
Comparable Sales: 23/92 McMichael Terrace sold at $597k; 5/92 listed at $575k+ | Property Price Band: $550k–$650k | Value Drivers: North-facing courtyard, total floor area, 2019 build quality with double glazing
Bedrooms
2
Bathroom
2
Parking
1
Land
3831m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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