2114/2 Grazier Lane, Belconnen ACT 2617
2114/2 Grazier Lane, Belconnen ACT 2617
21st floor position | 77sqm plus two car spaces | central Belconnen with lake proximity | 65% owner-occupied building
The property’s 21st-floor elevation in a predominantly owner-occupied building gives it a configuration edge over most Belconnen apartments, where higher-density rental stock dominates. Two secure car spaces are genuinely rare for a two-bedroom unit and improve long-term lettability to professional tenants or owner-occupiers who commute. The 77sqm internal area, while modest, is functional for a downsizer or first-home buyer who values light and outlook over square metres. The building’s 65% owner-occupancy rate signals better management and lower turnover risk than the area average.
The medium energy rating and absence of flood or bushfire overlays reduce insurance and holding costs, but the 374-property building size introduces strata risk – sinking fund adequacy and by-law enforcement should be verified before exchange. Rental yield at $625 per week against current value is acceptable but not exceptional for Belconnen; the unit is better suited to a buyer who will occupy or hold for capital stability rather than chase short-term growth. Keep this as a long-term base or low-maintenance rental in a catchment with steady demand from university and government workers.
Detailed Independent Property Report prepared by PropCred Analyst team for 2114/2 Grazier Lane, Belconnen ACT 2617
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Belconnen is a well-established commercial and residential hub offering relative affordability and excellent connectivity, attracting young professionals, first-home buyers, and investors. Demand is driven by high rental yields, steady employment in nearby government and retail sectors, and proximity to educational institutions, supported by a tight rental market. Recent price corrections reflect broader interest rate sensitivity, though low sales volume indicates constrained supply. Future stability hinges on sustained rental demand and population growth, with affordability and limited stock presenting ongoing constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2921m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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