93 Mortimer Lewis Drive, Greenway ACT 2900

93 Mortimer Lewis Drive, Greenway ACT 2900
Townhouse-scale strata living | 3-bed family configuration likely | Lakeside Greenway pocket | Strong rental demand | Premium finish range varies This property sits within a well-established, medium-density townhouse precinct that performs strongly for owner-occupiers and investors alike. The likely three-bedroom, two-bathroom layout with garage parking puts it squarely in the most sought-after configuration for this part of Greenway—practical for families, downsizers, and tenants who want more space than an apartment without detached-house upkeep. The precinct’s proximity to Tuggeranong Town Centre, Southpoint retail, and Lake Tuggeranong walking trails gives it a genuine lifestyle advantage that supports consistent demand. For a buyer, this is a low-maintenance, well-located townhouse that should appeal broadly, particularly to those prioritising walkability and convenience over private land. Value may vary meaningfully depending on whether this unit retains original finishes or has been upgraded, as the precinct spans both standard contemporary stock and renovated premium examples with water views and high-spec details. Floor level and aspect could also influence price, since single-level layouts with northern light or lake outlooks tend to command a noticeable premium. Parking configuration—whether single or double—and the exact internal floor area are other factors worth confirming, as these differences have historically separated stronger from weaker resale performance in this complex.
Detailed Independent Property Report prepared  by PropCred Analyst team for 93 Mortimer Lewis Drive, Greenway ACT 2900
Checks found:
Value Risk ! 1
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ✓
Execution Risk ✕ 2
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Market Insight

Greenway offers a mid-priced entry point in the Canberra market, with median house values at $560,000 and units at $519,500 over the year to March 2026. Unit yields are close to 5.5 per cent, and a two-bedroom house at 15 Watts Street indicates rental demand supports investor interest. Houses spend a median 45 days on market, with just 41 house sales in the past year—a thin, low-turnover market. Demand comes from first-home buyers and yield-focused investors attracted to affordability and unit returns. Future growth is constrained by broader supply pressures: national data shows sellers outnumbered buyers by a record 47 per cent in December 2025, which could prolong soft price conditions. Lack of vacancy and local growth data limits a fuller risk assessment, though the suburb’s low price base provides some downside protection.
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PropCred Estimated Value

Comparable Sales: 11/113 Mortimer Lewis Drive sold $1,075,000 in Nov 2024; 118/161 Mortimer Lewis Drive sold $683,000 two years ago | Property Price Band: $700,000–$800,000 | Value Drivers: condition and finish level, floor area and layout, parking configuration and aspect

Bedrooms

4

Bathroom

3

Parking

2

Land

1.15 acres

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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