212/62 Constitution Avenue, Parkes ACT 2600
212/62 Constitution Avenue, Parkes ACT 2600
2-bed at 98m² | EER 6 | Parkes prestige precinct | $710K paid Jul 2026 | Larger than typical stock
This unit holds a genuine edge in space. At 98m², it runs well ahead of the 67–74m² two-bedroom apartments commonly seen at this address, giving it a floor plan that suits owner-occupiers who want room to spread out, not just investors chasing rental yield. The EER of 6 is respectable for a new-build apartment, and the location within the ANZAC Park East mixed-use precinct places it minutes from Lake Burley Griffin, Commonwealth Park, and the Parliamentary Triangle. That combination of generous internal area and a landmark setting makes it a strong fit for downsizers or professional couples seeking a lock-and-leave home in Canberra’s inner core, where premium stock is limited and demand is steady.
The sale price of $710,000 sits below some advertised comparables at the same address, which may reflect differences in floor level, aspect, or finishes that are not fully confirmed for this unit. The broader development’s ongoing commercial build-out could introduce construction noise or transitional streetscape conditions, but it also supports long-term amenity and rental appeal. Buyers should weigh the unit’s larger footprint against the single bathroom and single car space, which may limit appeal for some households. Orientation and outlook remain unverified, so a physical inspection is advisable to confirm natural light and privacy before forming a firm price view.
|| Comparable Sales: 212/62 Constitution Ave sold $710,000 Jul 2026; another 2-bed unit at same address marketed near $785,000 | Property Price Band: $700K–$800K | Value Drivers: larger internal size, EER 6, prestige precinct location
Detailed Independent Property Report prepared by PropCred Analyst team for 212/62 Constitution Avenue, Parkes ACT 2600
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Parkes ACT 2600 is a small inner-city enclave dominated by apartments. Demand is driven by the suburb’s resident cohort, with recent unit sales at $1.2m and $1.3m for two-bedroom stock. ACT-wide house values rose 3.6% annually to February, while units have outperformed recently amid affordability shifts. Structural supply shortages and elevated rents support values, with Canberra house price growth forecast at 5%. Constraints include affordability limiting borrowing capacity, prices still 4.46% below the 2022 peak, and higher borrowing costs expected to slow growth by 2027.
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PropCred Estimated Value
Comparable Sales: 212/62 Constitution Ave sold $710,000 Jul 2026; another 2-bed unit at same address marketed near $785,000 | Property Price Band: $700K–$800K | Value Drivers: larger internal size, EER 6, prestige precinct location
Bedrooms
2
Bathroom
1
Parking
1
Land
1.38 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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