2/48 Madigan Street, Hackett ACT 2602
2/48 Madigan Street, Hackett ACT 2602
2-bed 1-bath 1-car unit | Hackett inner-north | Mixed-density street | Mid-market apartment | No land title
This property is understood as a compact two bedroom, one bathroom unit with a single car space, placed in the established inner north suburb of Hackett. Its position within a mixed density street is considered a moderate one, sitting above the cheapest one bedroom stock and well below the detached houses that dominate the higher end of Madigan Street. The unit is therefore best suited to a first time buyer, a small household, or an investor looking for lower maintenance and steady rental appeal rather than land driven growth. The location itself is the primary strength, offering a genuine neighbourhood feel with shops, cafes, and simple access to Dickson and the city. Demand for this kind of property is seen as consistent, though not exceptional, because the configuration is functional but not unique.
The final value might be shaped by the floor level, aspect, and internal condition, as these are not yet confirmed and could be weighed by a buyer. A single bathroom and car space are expected in this segment, and the lack of a separate land title may restrain long term capital appreciation when compared to houses on the same street. The reported contract date and price are recent, but an earlier estimate in the record might create some caution during financing or appraisal. These points are likely to influence the agreed price more than the street location itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/48 Madigan Street, Hackett ACT 2602
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Hackett is a compact, established suburb in Canberra’s inner north, positioned for professionals aged 40–49 who dominate demand. First-home buyer incentives, including state and federal schemes, are amplifying activity at the middle-to-lower end. The median house price sits at $1,274,000, after a -2.0% annual decline, with annual sales volume of roughly 45–47. Supply is the key structural feature: listings are 21–25% below the five-year average, keeping downward pressure on prices limited. Rental demand is skewed to larger homes, with weekly medians of $660 for three-bedroom, $700 for four-bedroom, and $895 for five-plus-bedroom houses; units fetch $995. Growth will hinge on persistent supply tightness and buyer incentives, but affordability remains a central constraint, while interest-rate rises weigh on transaction sentiment.
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PropCred Estimated Value
Comparable Sales: 7/127 Madigan Street 1-bed unit sold $285k, 6 Madigan Street 3-bed house sold $950k | Listed Price Band: $500K-$600K | Value Indicator: floor level, internal condition, layout or aspect
Bedrooms
2
Bathroom
1
Parking
1
Land
1706m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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