3 Bussau Close, Wanniassa ACT 2903
3 Bussau Close, Wanniassa ACT 2903
Renovated 3-bed house | 547m² block | Mid-sized family home | Established Wanniassa pocket | Strong rental appeal
The property holds a clear competitive edge through its renovated presentation—modern bathroom, separate toilet, and open-plan living—which sets it apart from much of the older, unrenovated housing stock in Wanniassa. On a 547m² block with a 111m² interior, it offers a practical, single-level layout that suits first-home buyers entering detached housing, downsizers seeking low-maintenance living, and investors chasing steady rental demand near Erindale Centre. The covered entertaining area and established gardens add genuine outdoor appeal, while the combination of ducted gas heating and split-system cooling covers year-round comfort. It is not a large home, but it is a polished, move-in-ready package in a quiet pocket, which gives it a dependable place in the local market.
Value may be shaped by the moderate building size relative to land, which could limit appeal for buyers wanting more internal space. The older underlying structure, likely from the 1970s, may present maintenance considerations despite the renovations, and the FTTN connection could be a minor drawback for some. The 3/1/1 configuration is standard rather than generous, so the price might hinge on how much buyers weigh the upgraded finish against the modest footprint. Rental estimates in the mid-to-high $600s suggest solid income potential, but the final figure may depend on how the property is positioned against larger or more extensively updated competitors.
|| Comparable Sales: 46 Bussau Close sold $515,500 in 2017; 21 Osmand Street estimated $860k | Property Price Band: $740k–$840k | Value Drivers: renovated condition, land size, single-level layout
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Bussau Close, Wanniassa ACT 2903
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Wanniassa, in Tuggeranong, southern Canberra, is a family-dominated market positioned near South.Point Tuggeranong, Erindale, and local school catchments. Demand is driven by established households, many with mortgages, seeking access to these amenities. House prices are stable around $911,000 with 6.83% annual growth; units average $520,000 at 3.40% growth. Market conditions show steady turnover: 109 house sales in 12 months and a 36-day median listing period. Rental pressure is tight with only four vacancies last month, supporting gross yields of 4.13% for houses and 5.17% for units. Future growth is anchored by limited supply—three listings last month—and sustained owner-occupier interest, though affordability constraints and rate sensitivity remain key risks at these price levels.
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PropCred Estimated Value
Comparable Sales: 46 Bussau Close sold $515,500 in 2017; 21 Osmand Street estimated $860k | Property Price Band: $740k–$840k | Value Drivers: renovated condition, land size, single-level layout
Bedrooms
3
Bathroom
1
Parking
1
Land
547m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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