161/35 Oakden Street, Greenway ACT 2900
161/35 Oakden Street, Greenway ACT 2900
Modern 2017 build | amenity-rich complex | strong rental demand | 1–3 bed mix | Tuggeranong town centre
This unit sits within a well-regarded 2017-era complex that stands out from much of Greenway’s older apartment stock. The building offers a genuinely uncommon level of amenity—pool, gym, sauna, lift access, and secure parking—which directly supports both owner-occupier comfort and investor appeal. For a prospective buyer, the practical advantage is clear: low-maintenance living with quality finishes like stone kitchen surfaces, stainless appliances, and reverse-cycle air conditioning. The location reinforces this, placing you within walking distance of South.Point Shopping Centre, Lake Tuggeranong, and local dining, making it particularly suited to professionals, downsizers, or first-home buyers seeking convenience without compromising on modern presentation.
Value may be shaped by the specific configuration and floor level of this unit, as the complex spans 1-, 2-, and 3-bedroom layouts with varying balcony sizes and outlooks. Units on the sunny side with water views or larger outdoor space tend to hold stronger appeal, while those with less favourable aspect or smaller internal area may trade at a modest discount. Rental demand is solid across the building, with 2-bedroom units showing particularly healthy yields, but parking allocation and bathroom count will influence how competitive this unit is against others in the same complex. The absence of NBN in favour of an embedded VDSL2 network is a minor constraint worth noting, though unlikely to deter most buyers.
|| Comparable Sales: 61/35 Oakden sold $461K (2 bed), 14/35 Oakden sold $646K (3 bed) | Property Price Band: $500K–$600K | Value Drivers: floor level, balcony aspect, parking allocation, internal size
Detailed Independent Property Report prepared by PropCred Analyst team for 161/35 Oakden Street, Greenway ACT 2900
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Greenway offers a mid-priced entry point in the Canberra market, with median house values at $560,000 and units at $519,500 over the year to March 2026. Unit yields are close to 5.5 per cent, and a two-bedroom house at 15 Watts Street indicates rental demand supports investor interest. Houses spend a median 45 days on market, with just 41 house sales in the past year—a thin, low-turnover market. Demand comes from first-home buyers and yield-focused investors attracted to affordability and unit returns. Future growth is constrained by broader supply pressures: national data shows sellers outnumbered buyers by a record 47 per cent in December 2025, which could prolong soft price conditions. Lack of vacancy and local growth data limits a fuller risk assessment, though the suburb’s low price base provides some downside protection.
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PropCred Estimated Value
Comparable Sales: 61/35 Oakden sold $461K (2 bed), 14/35 Oakden sold $646K (3 bed) | Property Price Band: $500K–$600K | Value Drivers: floor level, balcony aspect, parking allocation, internal size
Bedrooms
3
Bathroom
2
Parking
2
Land
1.8 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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