1/112 Macfarland Cres, Pearce ACT 2607
1/112 Macfarland Cres, Pearce ACT 2607
Compact 1960s unit | likely 2-bed scale | strong rental demand | established Pearce pocket | lower-entry price point
This unit sits in a well-established part of Pearce, where the broader streetscape is dominated by older detached homes on generous blocks. As a multi-unit property, it offers a more accessible entry point into a suburb that otherwise trades at a significant premium for houses. The configuration suits first-home buyers, downsizers, or investors seeking steady rental appeal, given the demonstrated demand for this size of unit in the immediate complex. Its position within the suburb provides practical access to Woden, local shops, and public transport, which reinforces its attractiveness to owner-occupiers and tenants alike. The unit’s compact nature is offset by its location advantage, making it a sensible option for those prioritising convenience over space.
The value of this unit may be influenced by its internal condition and any strata obligations, as older complexes often require attention to shared infrastructure. Its lower land component, relative to houses in the area, may limit long-term capital growth compared with detached stock, but it also reduces entry risk. Buyers should weigh the balance between immediate affordability and the potential for slower appreciation. Rental yield may be more favourable than houses, but the unit’s price band will ultimately reflect its size, layout, and presentation rather than land value.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/112 Macfarland Cres, Pearce ACT 2607
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Pearce, in Canberra’s outer south, is a tightly held, family-oriented suburb with a median house price around $1.3 million. Demand is driven by professional couples with children (48% of households), a high-income cohort and a 67% family household share. Annual growth data diverges sharply: Property.com.au and YIP report compound gains of 10.2–10.6%, while view.com.au shows a –17.1% decline over the past year, reflecting a thin market of just 14–36 sales. Listings are minimal—only three rentals and two sales in the last month. The surrounding Tuggeranong auction market remains strong, and local catchment and childcare provision underpin family demand. Key constraints: affordability, a 48% mortgage-owner share, and sensitivity to interest rates given the elevated entry price.
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PropCred Estimated Value
Comparable Sales: 8/112 Macfarland Cres sold $385,500; 11/112 Macfarland Cres sold $375,000 | Property Price Band: $360K–$460K | Value Drivers: unit size, internal condition, strata environment, proximity to amenities
Bedrooms
2
Bathroom
1
Parking
1
Land
1769m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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