2109/2 Furzer Street, Phillip ACT 2606
2109/2 Furzer Street, Phillip ACT 2606
2 Furzer Street, Phillip | high-floor unit | Garran Primary catchment | young professional hub | 5G ready
The property’s position at 2109/2 Furzer Street places it within a well-serviced Phillip complex, where high-floor units are rare and command a clear advantage in light, privacy, and outlook over lower apartments. Its location inside the priority enrolment area for Garran Primary School and Alfred Deakin High School adds a structural demand layer that stabilises resale value, particularly for professional couples or small families seeking a foothold in the inner south. The surrounding demographic skew toward young professionals signals a tenant pool that values proximity to Woden Town Centre and reliable connectivity, which the building supports with 5G coverage and standard NBN access.
The primary risk is the limited public sales history for this specific unit, which may indicate infrequent turnover or a non-standard ownership situation that could complicate due diligence. Buyers should verify strata records for any outstanding levies or upcoming capital works, as older complexes on Furzer Street can carry higher sinking fund obligations. The opportunity lies in the current market softness for two-bedroom units in Phillip, where median days on market have stretched to 84 days and auction clearance rates sit at 25%, giving a cash-ready buyer meaningful negotiation leverage against motivated vendors.
Detailed Independent Property Report prepared by PropCred Analyst team for 2109/2 Furzer Street, Phillip ACT 2606
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
This suburb presents a nuanced opportunity, with its market currently in a corrective phase following a period of significant price adjustment. Recent trends indicate a softening in values, particularly for houses, while the unit market has demonstrated greater resilience. Demand appears anchored by investors, attracted by rental yields that remain comparatively robust, suggesting a steady income proposition despite the broader price recalibration. Future performance will hinge on the suburb’s ability to stabilise, with key constraints including a limited sales volume that can amplify market volatility and a lack of clear, proximate demand catalysts from major infrastructure or demographic shifts.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1.02 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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