33/41 Chandler Street, Belconnen ACT 2617
33/41 Chandler Street, Belconnen ACT 2617
33/41 Chandler Street | Altitude complex | early-2010s build | EER 6.0 | resort-style amenities | investor-friendly yield profile
This unit sits within a well-regarded apartment complex that stands apart from much of Belconnen’s older low-rise stock. The building’s 2012–2013 construction means modern finishes like double glazing, stone benchtops, and reverse-cycle air conditioning are standard, while the shared pool and gym add genuine lifestyle appeal. For a buyer seeking a lock-and-leave property near Westfield, the University of Canberra, and Lake Ginninderra, this location offers convenience that is hard to match. The unit likely suits investors chasing steady rental demand or professionals wanting a low-maintenance base close to the town centre.
The property’s value will hinge on its specific floor level, aspect, and internal layout, which vary noticeably across the complex. A higher floor with lake or easterly views could command a meaningful premium, while a lower-level unit with a less favourable orientation might trade closer to the building’s entry point. Configuration also matters — a 2-bedroom, 2-bathroom format with two parking spaces will appeal more broadly than a compact 1-bedroom. The early-2010s build age means the property is not new, so condition and any upgrades will play a role in how it compares to similar units.
|| Comparable Sales: 1-bed units at 41 Chandler sold $383k–$398k; 2-bed unit estimated near $470k | Property Price Band: $380k–$480k | Value Drivers: floor level, aspect, configuration, and condition
Detailed Independent Property Report prepared by PropCred Analyst team for 33/41 Chandler Street, Belconnen ACT 2617
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Belconnen, Canberra’s north-west commercial hub, combines Westfield retail infrastructure and arterial bus links to the CBD. Demand is led by young professionals, investors and first-home buyers, drawn to gross yields of 5.82% for houses and 6.09% for units, a 0.97% vacancy rate, and high rental demand. Median house prices sit at $602,500, down 7.87% over the year, while median units are $470,000, off 2.08%. Houses spend 71 days on market, with just 27 annual sales indicating thin turnover. Employment in government and retail, university proximity and strong school catchments support rental demand. However, rate sensitivity is evident in the price decline, and affordability is stretched against competing Canberra suburbs. Tight supply, reflected in low sales volume, may constrain activity but offers little near-term reprieve from price correction.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 1-bed units at 41 Chandler sold $383k–$398k; 2-bed unit estimated near $470k | Property Price Band: $380k–$480k | Value Drivers: floor level, aspect, configuration, and condition
Bedrooms
2
Bathroom
2
Parking
2
Land
95m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!