358/1 Anthony Rolfe Avenue, Gungahlin ACT 2912
358/1 Anthony Rolfe Avenue, Gungahlin ACT 2912
2-bed apartment | Gungahlin town centre | strong amenity complex | modern build standard | investor and first-home appeal
This unit holds a genuine competitive edge through its position within the Anthony Rolfe Avenue precinct, where the building standard runs above typical Canberra apartment stock. Double glazing, split-system heating and cooling, stainless appliances, and balcony space appear consistently across the complex, and residents gain access to a 25-metre pool, gymnasium, and multiple BBQ areas. The two-bedroom, two-bathroom configuration with one car space suits first-home buyers, young professionals, and downsizers who want walkable access to shops, dining, and transport without the maintenance load of a house. The last sale in 2019 and the surrounding sales activity point to a liquid, steady market rather than a speculative one, which supports confidence in long-term ownership.
Value may swing on factors not visible in the listing, including floor level, aspect, outlook, and the exact internal condition. A higher floor with views could support a noticeable premium, while a lower level facing the street might trade at a discount. Strata levies and building management quality remain unconfirmed, and these carry meaningful weight in apartment purchasing decisions. The compact size typical of this stock may limit appeal for those seeking more generous internal space, but the amenity package and location offset that constraint for the right buyer. Rental demand appears solid given the town-centre position, though precise yield cannot be determined from available information.
Detailed Independent Property Report prepared by PropCred Analyst team for 358/1 Anthony Rolfe Avenue, Gungahlin ACT 2912
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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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: 318/1 Anthony Rolfe Avenue sold for $450,000; 364/1 Anthony Rolfe Avenue sold for $410,000 | Property Price Band: $400,000–$500,000 | Value Drivers: floor level and outlook, internal condition and finish, complex amenity quality and strata costs
Bedrooms
2
Bathroom
2
Parking
1
Land
1.82 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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