19/17 Eastlake Parade, Kingston ACT 2604

19/17 Eastlake Parade, Kingston ACT 2604
2 bed / 2 bath / 2 car waterfront apartment | Level 3 with lift access | 96–97 m² living plus 14 m² balcony | Built 2013 with EER 6 | Premium Kingston Foreshore lifestyle stock This apartment holds a clear competitive edge in the Kingston market through its combination of two secure car spaces, direct Lake Burley Griffin outlook, and a genuinely generous internal footprint of roughly 97 square metres. Most Foreshore units offer one car space and tighter layouts, so this configuration appeals strongly to professional owner-occupiers, downsizers, and government or parliamentary workers who want lock-and-leave living without compromising on parking or space. The Aurora building’s 2013 construction, stone benchtops, floor-to-ceiling glazing, and ducted reverse-cycle climate control place it firmly in the premium tier of the precinct, while the 14 square metre balcony extends the living area toward the water. This property serves buyers prioritising lifestyle, convenience, and a rare parking ratio over sheer size or penthouse status. Value may be shaped by several factors that a buyer should weigh carefully. Strata levies in waterfront mixed-use precincts can be material, and the building’s shared commercial and residential character means the immediate street environment is active rather than quiet. The 14 square metre balcony and lake views are genuine differentiators that typically command a premium, but the level 3 position, while pleasant, does not carry the scarcity of top-floor or sub-penthouse stock. Rental demand appears robust, with similar premium units leasing between $800 and $1,026 per week, yet yield percentages are moderated by the high entry price and ongoing body corporate costs. A buyer should also verify the exact title area, as data sources vary between 91 and 97 square metres, which may influence financing and resale expectations.
Detailed Independent Property Report prepared  by PropCred Analyst team for 19/17 Eastlake Parade, Kingston ACT 2604
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk
Execution Risk ! 1
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Market Insight

Kingston, an inner-south Canberra precinct, combines urban density with mature infrastructure. Young professionals aged 20–39 drive demand, targeting apartments: unit sales reached 268 in the past year versus 23 house sales, with gross unit yields near 5% and a $670,000 median, down 2.2%. Houses are pricier and slower—Property.com.au records a $1.937 million median and a 3.1% annual fall; Your Investment Property Mag reports $645,000 and -25.73%, reflecting thin turnover and volatile data. Houses average 70 days on market and yield 3.81%. Strong ACT school catchments, bus links and arterial roads support unit demand. Affordability improves gradually; house medians are projected at $1.18 million by end-2026. Rate sensitivity and high entry prices remain constraints.
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PropCred Estimated Value

Comparable Sales: 56/41 Eastlake Parade guided from $800,000 with 91 m² internal and one car space; 10/19 Eastlake Parade leased at $1,026/week with 32 m² balcony | Property Price Band: $1.0M–$1.1M | Value Drivers: two car spaces, lake outlook, balcony size, and internal floor area

Bedrooms

2

Bathroom

2

Parking

2

Land

3159m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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