8 Max Purnell Street, Forde ACT 2914
8 Max Purnell Street, Forde ACT 2914
Single-level family house | Forde’s newer estate | 3-bed compact layout | strong rental demand | Gungahlin proximity.
This property holds a clear edge for buyers seeking a low-maintenance, single-level family house in a newer northern Canberra estate. Its three-bedroom, two-bathroom configuration suits first-home buyers, downsizers, or investors targeting reliable rental demand, given the suburb’s family-oriented character and access to Gungahlin’s amenities. The street’s consistent modern finishes, open-plan living, and outdoor entertaining areas reinforce a predictable, quality living experience. For an owner-occupier, this means minimal upkeep and a functional layout; for an investor, the compact size and strong local appeal support steady occupancy. It competes well in a segment where larger four-bedroom houses dominate, offering a more accessible entry point without sacrificing contemporary comfort.
Value may be shaped by the property’s exact land size and presentation, as these vary across the street. A smaller block could cap upside compared to larger neighbours, while superior landscaping or interior upgrades might support a premium. The single-level format is a genuine advantage for ageing buyers or young families, but limited bedroom count may narrow appeal among larger households. Rental yield potential appears solid, though final pricing will hinge on how the house compares to similar compact offerings in Forde’s newer sections.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Max Purnell Street, Forde ACT 2914
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Forde, in the ACT’s Gungahlin District, is a compact, higher-priced market. Median house values span $1.056m–$1.128m, but annual growth diverges sharply: Allhomes puts it at +7.4%, Property.com.au at -13.9%, with others between -7.75% and +3.7% – typical of low-volume turnover (53–60 house sales yearly). Units median $820,000, down 1.91%. Demand stems from scarce supply: vacancy is 0.97%, listings are below expected levels nationally, and recent sales ranged $895,000–$1,677,000 across 53 houses and 11 units. Houses rent at $765 weekly, a 3.48% gross yield. Time on market is 26–49 days. Stock rose 26.67% year-on-year, an emerging supply constraint. Local infrastructure is limited to Gungahlin streets and 2–4 car parking; school and demographic data are unavailable. Rate sensitivity and affordability are key risks.
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PropCred Estimated Value
Comparable Sales: 48 Max Purnell Street sold at $1.18M; 84 Max Purnell Street sold at $845,000 | Property Price Band: $0.9M–$1.0M | Value Drivers: land size, single-level layout, modern condition
Bedrooms
3
Bathroom
2
Parking
1
Land
390m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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