296 Anthony Rolfe Avenue, Gungahlin ACT 2912
296 Anthony Rolfe Avenue, Gungahlin ACT 2912
High-floor north-facing unit | 98m² with two balconies | Two car spaces and storage | Resort amenity package | Strong rental demand
This unit sits at the stronger end of Gungahlin’s apartment market. The 98m² internal area is generous for a two-bedroom, and the two secure car spaces are a genuine rarity in high-density product—most comparable units offer one. The north-facing aspect over Yerrabi Pond, combined with double-glazed windows and an open-plan layout, gives it a light-filled, calm feel that internal or street-facing units simply cannot match. It suits a downsizer or professional couple wanting low-maintenance living without sacrificing space, and the resort-style amenities—pool, gym, rooftop areas—add everyday value rather than just marketing gloss. The 2018 build means modern construction standards, and the 6.0 EER keeps running costs reasonable.
The main factor shaping price is the strata environment. Body corporate fees in a multi-tower complex with this level of amenity will be noticeable, and they vary across listings, so a buyer should confirm the exact quarterly figure and any special levies. The 10th-floor position and pond outlook may hold value better than lower or street-facing units, but that premium depends on future developments to the north—if a taller tower rises, the view could be compromised. Rental demand appears solid, with estimates around $600 per week, which supports an investor case, though net yield will be trimmed by strata costs. The two-car allocation is a strong resale point that should keep this unit competitive when it comes time to sell.
|| Comparable Sales: 226/1 Anthony Rolfe Avenue sold $485,000; 318/1 Anthony Rolfe Avenue listed similarly | Property Price Band: $450K–$550K | Value Drivers: north-facing outlook, two car spaces, 98m² internal size
Detailed Independent Property Report prepared by PropCred Analyst team for 296 Anthony Rolfe Avenue, Gungahlin ACT 2912
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Gungahlin presents a two-speed market. Houses show resilience, with medians between $965,000 and $1.0 million and annual growth of 2.3–4.4% across sources, while units range from $425,000 to $464,846, with one source showing 3.4% growth but two others posting declines of 2.1% and 4.0%. Houses sell faster, averaging 48 days on market versus 76 days for units, with 60 house sales and 155 unit sales in the past year. Demand for units is yield-driven: gross rental yields hit 6.17–6.5%, versus 4.25% for houses, and median unit rent sits at $530 weekly. That yield premium suggests investor appetite, while houses likely attract owner-occupiers despite lower returns. The divergence in unit price data and slower turnover signals softer conditions in that segment, a key risk. Overall, Gungahlin’s house market holds its ground, but unit pricing faces downward pressure.
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PropCred Estimated Value
Comparable Sales: 226/1 Anthony Rolfe Avenue sold $485,000; 318/1 Anthony Rolfe Avenue listed similarly | Property Price Band: $450K–$550K | Value Drivers: north-facing outlook, two car spaces, 98m² internal size
Bedrooms
3
Bathroom
2
Parking
2
Land
231m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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