1/3 Majura Avenue, Dickson ACT 2602
1/3 Majura Avenue, Dickson ACT 2602
3-bed townhouse | 3 baths and 2-car garage | 101 m² living | $1,000/wk rent estimate | Inner-north Dickson
This townhouse offers a configuration that is genuinely uncommon in Dickson’s mixed stock—three bedrooms, three bathrooms, and two dedicated car spaces within a compact 101 m² footprint. The layout favours practical living over wasted space, and the EER of 6 suggests a thermally competent build by Canberra standards, which keeps running costs predictable across seasons. Positioned within well-regarded public school catchments and a short distance from the Dickson Town Centre, it serves best a professional couple, a small family, or a downsizer who wants the convenience of apartment living without sacrificing bedroom count or parking. The rental estimate of $1,000 per week signals strong income potential, which broadens its appeal to investors seeking inner-north exposure with minimal maintenance obligations.
The reported 1,561 m² lot association likely reflects the broader complex parcel rather than exclusive use, so the value here rests on the building’s condition, internal finishes, and the quality of common areas rather than land content. Its position within a higher-density pocket may mean less privacy and some exposure to ongoing redevelopment nearby, which could affect outlook or noise levels over time. The absence of detected bushfire, flood, or heritage overlays reduces compliance risk, and with FTTP NBN and 5G coverage, the property is well-suited to remote work. Buyers should weigh the townhouse’s lower land component against its strong rental yield and low-maintenance appeal when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/3 Majura Avenue, Dickson ACT 2602
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Dickson’s market is split. Houses are mid-correction, with the median price at $1.02 million after a 7.33% annual decline and a further 1.78% fall last quarter. Units are steadier, holding at $590,000, down 1.34% annually but up 4.98% quarter-on-quarter. Demand centres on first-home buyers, activated by the federal 5% deposit scheme, which explains elevated unit activity: 98 unit sales against 39 house sales in the past year. Houses take 34 days to sell, pointing to measured turnover. Rental returns reinforce the divergence—units yield 5.39% versus houses at 3.39%, both with a $650 weekly median rent. The unit segment, with its higher yield and buyer pool, carries the suburb’s near-term momentum. The constraint is house price softness, which may persist if affordability pressures and interest-rate sensitivity remain.
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PropCred Estimated Value
Comparable Sales: Similar 3-bed townhouse in same complex with UV $1.8M; nearby 2-bed apartment sold at $486k | Property Price Band: $0.9M–$1.0M | Value Drivers: Bedroom and bathroom count, parking provision, school catchment desirability
Bedrooms
3
Bathroom
3
Parking
2
Land
1561m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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