329/1 Anthony Rolfe Avenue, Gungahlin ACT 2912
329/1 Anthony Rolfe Avenue, Gungahlin ACT 2912
2 bed 2 bath 2 car apartment | central Gungahlin walkability | strong owner-occupier appeal | pool, gym, storage on site | EER 6
This unit stands out for its configuration. Two bathrooms and two secure car spaces are uncommon in central apartment stock, and that combination makes it genuinely practical for a couple, a small family, or a professional sharing arrangement. The internal layout is efficient, with a separate laundry, full-height pantry, and generous storage, which adds everyday usability beyond what most comparable units offer. Positioned within a higher-density precinct close to the town centre, light rail, and lakes, it suits buyers who want convenience and low-maintenance living without sacrificing space or parking. The on-site pool, gym, and recreation area lift it above basic apartment product, and the EER 6 rating supports reasonable ongoing energy costs. This is best suited to owner-occupiers who value walkability and amenity, though investors targeting reliable rental demand in a transport-linked location would also find it appealing.
The property’s value may be shaped by its position within a larger tower complex, where body corporate fees and shared-building dynamics can affect holding costs. The lack of a stated floor level or aspect means light, views, and privacy are unverified, and those factors could influence how it compares to other units in the same building. The 2023 sale price provides a recent reference point, but shifting buyer sentiment in the apartment segment and the broader interest rate environment might temper or support price growth. The two-car allocation is a genuine advantage, yet the unit’s appeal remains tied to the quality of the building’s management and the ongoing demand for central Gungahlin living.
|| Comparable Sales: 329/1 Anthony Rolfe Avenue sold April 2023 for $529,000; 319/1 Anthony Rolfe Avenue, a 1 bed tower unit, sold at a lower tier | Property Price Band: $500,000–$600,000 | Value Drivers: two-car parking, two-bathroom layout, on-site amenities and storage
Detailed Independent Property Report prepared by PropCred Analyst team for 329/1 Anthony Rolfe Avenue, Gungahlin ACT 2912
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
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: 329/1 Anthony Rolfe Avenue sold April 2023 for $529,000; 319/1 Anthony Rolfe Avenue, a 1 bed tower unit, sold at a lower tier | Property Price Band: $500,000–$600,000 | Value Drivers: two-car parking, two-bathroom layout, on-site amenities and storage
Bedrooms
2
Bathroom
2
Parking
2
Land
1.82 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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