22/44 Jerrabomberra Avenue, Narrabundah ACT 2604
22/44 Jerrabomberra Avenue, Narrabundah ACT 2604
Unit 22 in block of 44 | Established Narrabundah locale | Near green spaces & schools | Likely higher-yield unit configuration.
This property presents as a competitively priced entry into a high-median house price suburb, offering the practical benefits of a lower-maintenance unit with access to the area’s family-friendly amenities and green spaces. Its configuration suggests it serves investors seeking stronger rental yield or owner-occupiers downsizing into the suburb, capitalising on location without the premium for a standalone house. The unit market here demonstrates materially higher yield than houses, providing a distinct income position.
The primary risk is exposure to the softening unit rental market, with annual rent declines compressing income. The commercial logic is acquiring a lower-priced property in a strong capital growth suburb, banking on location to drive long-term value over the weaker quarterly price trends. This property is a hold for yield-focused investors or a strategic entry for long-term occupants, not a short-term trading proposition.
Recent sales in Narrabundah provide critical context. A nearby four-bedroom house at 28 Carnegie Crescent sold for $1,460,000, while a two-bedroom unit in the same street as your subject property, 3/25 Jerrabomberra Avenue, was listed. This starkly illustrates the suburb’s price segmentation; your unit sits in the more accessible price bracket, trading house space for location and yield. This divergence confirms your property’s position in the market and its different buyer profile.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/44 Jerrabomberra Avenue, Narrabundah ACT 2604
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Narrabundah is a well-established suburb with strong capital growth, driven by professional owner-occupiers and investors attracted to its solid rental yields. The housing market has demonstrated robust price appreciation, though this has created affordability constraints. Future demand is underpinned by low vacancy rates and a high proportion of renters, yet the market remains sensitive to fluctuations in supply and broader economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.39 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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