102/66 Allara Street, City ACT 2601
102/66 Allara Street, City ACT 2601
2-bedroom city apartment | 91sqm internal | EER 4.5 | central Canberra position | modern open-plan layout
This property occupies a strong competitive position in the City market through its combination of practical floor area and energy efficiency. The 91-93 square metre internal space is generous for a two-bedroom apartment, and the 4.5 EER rating provides genuine ongoing cost advantage that many comparable units lack. The open-plan kitchen, living and dining layout with natural light suits professional couples or investors seeking a central base with functional amenity. Priority enrolment for Ainslie School and Campbell High School adds demographic stability to the surrounding area.
The primary risk is the gap between the current listing price and both the estimated value and recent sale price, suggesting limited immediate upside without negotiation. The unimproved land value of $11.7 million indicates the building sits on expensive land, which supports long-term value but does not guarantee short-term capital growth. The 2022 sale date means the property has not transacted during the recent market adjustment, creating some uncertainty about current demand depth. The FTTP NBN connection is a supporting feature but not a prime driver for most buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 102/66 Allara Street, City ACT 2601
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Canberra’s central suburbs present a tightly held, owner-occupier market underpinned by stable public sector and professional demand. Competition is strengthening, particularly from first-home buyers, within a supply-constrained environment where listings remain low. Recent price growth has been measured, with houses outperforming units, supported by resilient rental conditions and a critically low vacancy rate. Future growth is anchored to this persistent demand-supply imbalance, though affordability pressures and inconsistent development pipelines present ongoing constraints to entry and expansion.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
3716m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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