8/29 Derrington Cres, Bonython ACT 2905
8/29 Derrington Cres, Bonython ACT 2905
Quiet reserve-edge position | 1990s townhouse build | Compact single-level layout | Strong yield potential | Bushfire overlay noted
This townhouse sits within a well-established early-1990s pocket that trades on peaceful positioning and low-maintenance living. The single-level configuration with two car spaces and a paved courtyard suits downsizers and first-time buyers who want lock-and-leave convenience without sacrificing outdoor space. Reserve adjacency adds a genuine lifestyle edge, giving the property a more open, private feel than typical townhouse clusters. It serves best as a solid, dependable purchase for owner-occupiers seeking calm, or as a rental investment given the suburb’s demonstrated demand for compact, efficient homes near schools and the Tuggeranong town centre.
The property’s value may be shaped by its dated finishes, as original kitchens and bathrooms from the 1990s could require updating to reach top market appeal. The bushfire overlay might influence insurance costs or buyer perception, though it does not appear to have suppressed sales in the immediate area. Its modest internal footprint and lack of confirmed multi-level layout could limit appeal for families needing more space, meaning the buyer pool is narrower than for larger detached homes nearby. Condition and presentation will be the deciding factors in how it compares against similar townhouses in the street.
|| Comparable Sales: 3/29 Derrington Cres sold $680k; 5/53 Derrington Cres sold $645k | Property Price Band: $600k–$700k | Value Drivers: condition of updates, reserve outlook, single-level layout
Detailed Independent Property Report prepared by PropCred Analyst team for 8/29 Derrington Cres, Bonython ACT 2905
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Bonython, in Tuggeranong, southern Canberra, is a stable owner-occupier suburb favoured by families and professionals. Demand is anchored by Canberra’s public sector employment and 3-4 bedroom housing, with houses selling in 21 days. House prices have reached a $920,000 median with modest 2.51% annual growth, while units have risen 7.91% to $723,000, reflecting stronger attached dwelling demand. Gross rental yields sit near 4.1% for houses and 4.6% for units, supporting investor interest. Future growth relies on continued public sector stability and proximity to arterial routes and Tuggeranong amenities. However, affordability is a constraint at current house prices, and limited turnover—just 37 houses annually—restricts supply, leaving the market sensitive to interest rate movements.
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PropCred Estimated Value
Comparable Sales: 3/29 Derrington Cres sold $680k; 5/53 Derrington Cres sold $645k | Property Price Band: $600k–$700k | Value Drivers: condition of updates, reserve outlook, single-level layout
Bedrooms
3
Bathroom
1
Parking
1
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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