303/16 Moore Street, City ACT 2601
303/16 Moore Street, City ACT 2601
Central Canberra CBD apartment | likely 2-bed with car space | strong rental demand near ANU and light rail | older building with renovation potential | mid-floor position unconfirmed
This unit sits in a genuinely central City location, placing it within walking distance of the ANU, the light rail corridor, and the full retail and dining base of Canberra’s CBD. The building itself is older stock, likely from around 1980, which means the unit offers generous floor plans and established construction rather than the compact layouts of newer high-rise product. That combination of centrality, size, and parking is increasingly uncommon, and it gives the property a clear edge for owner-occupiers who want convenience without sacrificing space, as well as for investors seeking reliable tenant demand from professionals and students. The presence of secure parking, FTTP NBN, and in some units reverse-cycle air conditioning adds practical appeal, while the building’s active turnover suggests a liquid market for resale.
The exact finishes, aspect, and floor level for this specific unit are not fully confirmed, and these details may materially shape its value relative to other units in the same building. A north or west-facing balcony, for instance, could add meaningful light and appeal, while a darker or noisier position might temper buyer interest. The older building fabric may also mean higher maintenance expectations, and the CBD setting brings typical urban trade-offs such as traffic noise and reduced privacy. Buyers should weigh these factors when forming a view on price, and a direct inspection or title review would clarify what this particular unit offers.
|| Comparable Sales: 306/16 Moore Street sold $417,500 in 2013; 104/16 Moore Street sold $615,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition and renovation level, floor level and aspect, secure parking allocation
Detailed Independent Property Report prepared by PropCred Analyst team for 303/16 Moore Street, City ACT 2601
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Canberra’s 2601 postcode, anchored by the City and inner-north suburbs, is an owner-occupier market drawing first-home buyers in the $800,000–$1.1 million bracket alongside public servants and education professionals. House prices sit at a $986,241 median with growth ranging from 1.22% to 8% annually, reflecting inconsistent data; forecasts point to $1.18 million. Units are weaker, with a $631,000 forecast and houses outperforming. Listings are tight—houses spend 47 days on market, vacancy is 1.3–1.6%, and gross yields are 4.1%. Limited supply, low approvals, and steady public-sector population growth underpin demand. Risks include entry-level affordability at $780,000, elevated apartment stock, and rate sensitivity despite stable incomes.
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PropCred Estimated Value
Comparable Sales: 306/16 Moore Street sold $417,500 in 2013; 104/16 Moore Street sold $615,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition and renovation level, floor level and aspect, secure parking allocation
Bedrooms
2
Bathroom
2
Parking
1
Land
1487m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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