330/2 Grose Street, Deakin ACT 2600
330/2 Grose Street, Deakin ACT 2600
Executive apartment | Inner-south prestige pocket | Lift-access complex | Owner-occupier grade | Secure parking
This unit sits within a well-regarded executive apartment complex on Grose Street, Deakin—an address that carries genuine weight in Canberra’s inner south. The building offers lift access, secure parking, and generously proportioned floor plans, which places it well above typical apartment stock in the region. Units here tend to feature high ceilings, floor-to-ceiling glazing, quality joinery, and balconies that capture north-easterly light. The suburb itself is established, leafy, and close to employment hubs, shops, and parklands, making it a natural fit for downsizers, professional couples, or public-service buyers seeking a low-maintenance property without compromising on location or finish. This is premium apartment living in a suburb where such product is scarce and consistently sought after.
Value may be shaped by the unit’s specific floor level, aspect, and internal condition, as these vary meaningfully within the complex. The building’s age—circa 2011—means finishes are modern but not brand new, so presentation will influence buyer perception. Energy efficiency data appears mixed across the complex, and the property may rely on ducted reverse-cycle air conditioning rather than superior insulation ratings. Buyers should weigh the trade-off between the convenience of apartment living and the shared ownership responsibilities inherent in a larger complex. The long hold periods seen among comparable units suggest steady, quality demand rather than speculative turnover.
Detailed Independent Property Report prepared by PropCred Analyst team for 330/2 Grose Street, Deakin ACT 2600
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Deakin sits in Canberra’s inner south, positioned as a high-value, tightly held suburb with median house prices at $1.9–2.0 million and units at $1.16–1.25 million. High-income buyers are driving demand, focusing on $2 million-plus upgrades, supported by scarce stock and strong competition. House values rose 7.5% annually in the past year, with one measure showing 18% compound growth; unit growth reached 38.9% in a single year, though gross yields remain constrained at 2.7% for houses and 3.9–5.2% for units. Sales turnover is low at 35–43 houses per year, reinforcing supply tightness. Future growth is supported by national housing schemes pushing prices up 3.5–6.6% and rents rising 3–4% due to supply lag. Key risks are affordability, with six-figure incomes required for rentals, and rate sensitivity—early 2025 Canberra house yields were negative at -10.5%.
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PropCred Estimated Value
Comparable Sales: 323/2 Grose Street sold at $1.225M; 226/2 Grose Street sold at $1.55M | Property Price Band: $1.1M–$1.3M | Value Drivers: floor level, outlook, internal condition, and parking configuration
Bedrooms
2
Bathroom
2
Parking
1
Land
2.17 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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