1/33 Forbes Street, Turner ACT 2612
1/33 Forbes Street, Turner ACT 2612
1-bed courtyard unit | boutique Turner complex | strong owner-occupier mix | first-home buyer or investor edge
The property’s competitive strength lies in its rarity: a 56m² one-bedroom unit with a sun-filled courtyard in a 15-unit complex where 60% of residents are owner-occupiers. That ratio signals a well-managed building with stable neighbours, reducing turnover risk for a buyer. The courtyard is a genuine differentiator in the one-bedroom market, offering private outdoor space that most comparable units lack. This configuration suits a first-home buyer seeking a foothold in Turner or an investor targeting tenants who value liveability over pure location. The median one-bedroom price in Turner sits at $444,000, so the property is positioned below that benchmark, giving a buyer some negotiating room.
The primary risk is the building’s recent sales history; only one unit has transacted recently, making price discovery thin. The 2021 sale at $428,000 provides a reference, but the market has shifted. Turner’s zero percent auction clearance rate for one-bedroom units suggests soft demand at higher price points, so a buyer should factor in longer holding periods if flipping. The opportunity is that the property was listed briefly in May 2025 with offers over $420,000, indicating the seller may be motivated. A buyer who negotiates firmly could secure a discount below the 2021 level, especially given the 74-day average days on market for Turner units. The courtyard and boutique scale also make it a candidate for a value-add refresh, improving rental yield without major outlay.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/33 Forbes Street, Turner ACT 2612
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Turner is an established inner-north suburb prized for its proximity to the Canberra CBD. Demand is driven by a young, professional demographic seeking urban convenience, supported by strong recent sales activity. The market demonstrates solid turnover, with houses and units moving at a measured pace. Future growth is underpinned by sustained population increases, though the limited volume of house sales suggests a tightly held market that may constrain supply.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
2868m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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