12/2 David Street, Turner ACT 2612
12/2 David Street, Turner ACT 2612
2-bedroom strata unit in Turner | same building sales from $640k to $860k | inner-north apartment market | sold comparable at $676k in 2022
This unit sits within a tight inner-north apartment market where supply is limited and demand from both owner-occupiers and investors remains consistent. The 2-bedroom, 2-bathroom configuration with likely two parking spaces is the most sought-after floorplan in this building, offering a clear advantage over the smaller one-bedroom units that sold for around $448,000 to $470,000. The comparable sale of a similar unit at $676,000 in early 2022 provides a solid floor, while the higher sale at $860,000 for another 2-bedroom unit in the same complex suggests significant variation based on size, aspect, or condition. For a buyer, this property represents an opportunity to secure a well-located apartment in a suburb that consistently holds value due to its proximity to the Canberra CBD and ANU.
The main risk is the wide value range within the building, meaning price discovery will depend heavily on this unit’s specific size, floor level, and internal condition. The recent brief listing without a confirmed outcome could indicate previous pricing was too ambitious or the property has a particular drawback not visible in the data. The industrial classification in one source is a potential red flag that requires immediate clarification from the strata documents. The opportunity lies in the building’s strong rental appeal and the fact that Turner remains a tightly held market, so a fair purchase price combined with the EER of 5.0 should support both capital stability and tenant demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/2 David Street, Turner ACT 2612
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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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
2
Bathroom
2
Parking
2
Land
1018m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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