603/55 Currong Street N, Braddon ACT 2612
603/55 Currong Street N, Braddon ACT 2612
2-bed, 2-bath, 3-car apartment | 6th floor with Mount Ainslie views | Premium 2020 build, 85 m² | North-east aspect, rare parking ratio | Inner-north walkability
This unit stands apart from typical Braddon stock, where 1-bed, 1-car configurations dominate. The combination of two full bathrooms, three secure basement spaces, and two storage cages is genuinely uncommon for an inner-city apartment, making it a practical fit for households with multiple vehicles or those who value surplus utility. The 2020 construction, Smeg appliances, double glazing, and ducted reverse-cycle air conditioning place it at the premium end of the local market. Its north-east orientation with views toward Mount Ainslie, plus immediate proximity to Canberra Centre and Lonsdale Street dining, serves affluent owner-occupiers seeking low-maintenance, walkable city-edge living. Professionals or downsizers wanting move-in-ready quality without suburban trade-offs would find this configuration particularly compelling, as the parking provision alone removes a typical inner-city compromise.
The building’s resale history includes a unit that sold below its 2021 purchase price after a three-year hold, which may signal softer capital growth in this micro-market compared to newer precincts. The published size varies between 85 m² and 89 m² across records, so a precise measurement should be verified. Rental estimates cluster around $720–$785 per week, suggesting stable income potential, but the exact yield depends on the final purchase price. The 6th-floor position, while offering views, sits within a low-rise building where higher floors in taller developments might achieve a premium. Buyers should weigh the unusual parking count against the building’s modest height and the area’s density when forming a price view.
|| Comparable Sales: 233/55 Currong Street N sold $600,000 in Dec 2025; G03/55 Currong Street N leased at $700/week | Property Price Band: $700,000–$800,000 | Value Drivers: 3-car parking, premium 2020 fitout, north-east aspect with Mount Ainslie views
Detailed Independent Property Report prepared by PropCred Analyst team for 603/55 Currong Street N, Braddon ACT 2612
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Braddon’s inner-north position, anchored by light rail and walkable access to the Canberra CBD, sustains a dense, urban market where renters make up 56.76% of the 5,504 residents. Demand is led by young professionals and investors chasing high-connectivity living, reflected in 247 unit sales over the past year. House prices are under pressure: median values fell 22.24% annually to $570,000 per one dataset, while another shows $657,500, down 7.98%; days on market stretch to 63–77. Units are steadier, with median prices around $565,000 and 0.89% growth, a tight 0.97% vacancy rate, and gross yields near 5.7%. Weekly house rents range $590–$645, units $580–$612. The thin house market—just 29–36 sales annually—intensifies competition, but affordability constraints and rate sensitivity cap upside; infrastructure links to employment hubs support the medium-term outlook for apartments over houses.
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PropCred Estimated Value
Comparable Sales: 233/55 Currong Street N sold $600,000 in Dec 2025; G03/55 Currong Street N leased at $700/week | Property Price Band: $700,000–$800,000 | Value Drivers: 3-car parking, premium 2020 fitout, north-east aspect with Mount Ainslie views
Bedrooms
2
Bathroom
1
Parking
1
Land
1.11 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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