1515/6 Furzer Street, Phillip ACT 2606

1515/6 Furzer Street, Phillip ACT 2606
Top-floor north-facing 2/2/2 | Resort amenity complex | Views to Telstra Tower | Lift from basement parking | Strong rental profile A top-floor position combined with a north-facing aspect is presented in this two-bedroom, two-bathroom, two-car apartment, a configuration that is rarely found in the Woden apartment market. The property is located within the WOVA precinct, a modern urban renewal development that is recognised for its quality finishes and extensive communal facilities, including a pool, sauna, gym, and cinema. Direct lift access from the basement car park is provided, which is a practical convenience. Views across the Woden Valley to Telstra Tower are offered from the living areas. The property is best matched to owner-occupiers and downsizers who are seeking a low-maintenance lifestyle with strong amenity, while the configuration is considered attractive to investors targeting professional tenants in a well-connected town-centre location. The final price outcome may be influenced by the limited supply of comparable two-car apartments within the immediate precinct, which tends to generate competitive bidding among buyers who place a high value on parking. The top-floor position might also be perceived as offering greater privacy and reduced noise, although increased sun exposure may be a consideration that is managed by the reverse-cycle systems in both the living area and master bedroom. The relative newness of the building and the ongoing renewal of the Woden town centre may support gradual capital growth, though the entry level should be weighed carefully against the broader demand profile for premium configurations in this market. >> Comparable Sales: 301/45 Furzer Street at $668,500; 201/49 Furzer Street at $551,500 | Property Price Band: $600K–$700K | Value Drivers: top-floor aspect, 2/2/2 configuration, WOVA amenity complex
Detailed Independent Property Report prepared  by PropCred Analyst team for 1515/6 Furzer Street, Phillip ACT 2606
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

The suburb is in a correction phase: median house prices fell 14.09% over the past year to $545,500, while units declined a milder 3.19% to $532,450. Only 26 house sales were recorded, so liquidity is thin. Rental metrics indicate investor-driven demand: house yields are 5.12%, unit yields 5.68%, with weekly rents of $568 and $575 respectively. The 45-day median selling time points to balanced conditions, not distressed turnover. Buyers are likely yield-focused investors and renters priced out of tighter markets, though demographic and infrastructure data are insufficient to confirm a broader owner-occupier base. Future growth depends on rental strength and any reversal of the recent price fall, but the sharp decline and low sales volume are key constraints. The subdued unit price movement offers relative stability, yet the absence of supply and vacancy data limits confidence. Overall, this is a high-yield, low-liquidity market with clear affordability appeal and elevated price risk.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

1.02 ha

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