407/74-76 Northbourne Avenue, Braddon ACT 2612
407/74-76 Northbourne Avenue, Braddon ACT 2612
1994 tower | level-four unit | pool/gym/sauna | Braddon/CBD walk | investor-friendly demand
The property is positioned as an established inner-city unit in a 1994 complex on Northbourne Avenue. The building is known for its unusually complete amenity set, including a pool, gym, sauna, BBQ area, reception, lift access and basement parking. The unit itself is understood to be on the fourth floor, which gives it a comfortable position above street activity while still keeping lift dependence modest. This combination of mid-1990s build, hotel-style facilities and immediate CBD/Braddon walkability is not commonly found in current Braddon apartment stock, where newer product is often smaller and more boutique. The property should therefore be most appealing to investors seeking dependable inner-north rental demand, first-home buyers who value location over brand-new finishes, and downsizers who want a low-maintenance base with services.
Value may be affected by the Northbourne Avenue frontage, though a fourth-floor position tempers traffic noise. The unit’s condition and finish, especially kitchen and bathroom, may be a separating factor from dated examples. Parking, balcony orientation, and any serviced apartment tie should be weighed by buyers, as each could affect personal use and resale flexibility.
Detailed Independent Property Report prepared by PropCred Analyst team for 407/74-76 Northbourne Avenue, Braddon ACT 2612
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Braddon’s inner-north position, anchored by light rail and walkable access to the Canberra CBD, sustains a dense, urban market where renters make up 56.76% of the 5,504 residents. Demand is led by young professionals and investors chasing high-connectivity living, reflected in 247 unit sales over the past year. House prices are under pressure: median values fell 22.24% annually to $570,000 per one dataset, while another shows $657,500, down 7.98%; days on market stretch to 63–77. Units are steadier, with median prices around $565,000 and 0.89% growth, a tight 0.97% vacancy rate, and gross yields near 5.7%. Weekly house rents range $590–$645, units $580–$612. The thin house market—just 29–36 sales annually—intensifies competition, but affordability constraints and rate sensitivity cap upside; infrastructure links to employment hubs support the medium-term outlook for apartments over houses.
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PropCred Estimated Value
Comparable Sales: 419/74-76 (2-bed/2-bath/1-car) sold for $655,000; 404/74-76 (1-bed) sold for $390,000 | Property Price Band: $550,000–$650,000 | Value Drivers: layout, condition, parking
Bedrooms
2
Bathroom
2
Parking
1
Land
1.03 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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