8/92 Mcmichael Terrace, Denman Prospect ACT 2611
8/92 Mcmichael Terrace, Denman Prospect ACT 2611
Modern 2019 build | North-facing outlooks | Secure parking | Premium apartment finishes | Bushfire overlay
This property sits at the stronger end of Denman Prospect’s apartment market, with a 2019 construction date, double glazing, bathroom underfloor heating, and secure basement parking that collectively place it above typical suburban unit stock. The complex offers a mix of ground-floor courtyard units and elevated apartments with Molonglo Valley views, making it particularly suited to downsizers seeking single-level convenience with lift access, or professionals wanting low-maintenance living near Denman Village shops. The north-facing orientation in several units is a genuine advantage, as it delivers consistent natural light and passive warmth, which translates into both comfort and energy efficiency. With living areas around 80–85 square metres, these are generous two-bedroom layouts, and the inclusion of storage cages and secure parking adds practical daily value that many comparable developments lack.
Value may be shaped by the bushfire management overlay, which could influence insurance premiums or future renovation approvals, though it does not appear to have dampened demand in this growth corridor. The mix of one and two car spaces within the same building means parking configuration could differentiate outcomes between units, and ground-floor apartments may trade at a slight discount to elevated north-facing ones despite their private courtyards. Body corporate fees for a mid-rise complex with lifts and common landscaping should be weighed against the convenience they deliver, particularly for buyers prioritising lock-and-leave living.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/92 Mcmichael Terrace, Denman Prospect ACT 2611
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Denman Prospect is positioned as a young, high-income Canberra suburb: buyers aged 30–39 dominate, household incomes sit 35.7% above the ACT average, and 91% of owners hold mortgages. Reported house prices vary—$1.09M, $965K, $1.3M—but 10.1% annual growth and 76 median days on market confirm solid detached demand. Units are stronger still: 16.22% growth, 42 days on market, and a 5.18% gross yield, with median rents of $930 for houses and $620 for units. Canberra-wide, entry-level houses have climbed 47.7% in five years, and KPMG expects supply to undershoot by roughly 30%, supporting future growth. However, tight borrowing capacity and affordability constraints will likely temper price gains.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: Unit 23/92 sold $597k; Unit 12/92 sold $290k older sale | Property Price Band: $550k–$650k | Value Drivers: North-facing aspect, floor level, parking allocation
Bedrooms
2
Bathroom
2
Parking
1
Land
3831m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!