263/15 Irving Street, Phillip ACT 2606

263/15 Irving Street, Phillip ACT 2606
3-bed unit in Phillip | 109mยฒ with 2 car spaces | 4.5 EER | priced far above suburb median The property offers generous internal space and two parking spaces in a suburb where 3-bedroom units are scarce, with only 18 sold this year. Its position near The Canberra College and Garran Primary School suits families seeking proximity to education. The 80% owner-occupier ratio in Phillip suggests stable neighbourhood character, and Fibre to the Premises adds practical appeal for remote workers. The asking price sits 35-40% above both Domain and Property.com.au estimates, and the suburb’s 156-day average selling time indicates a slow market for this type. Without complete sales history, justifying the premium requires evidence of recent renovations or exceptional finishes. The 4.5 EER rating is modest, and the building’s high land tax component may affect future body corporate levies. A buyer should inspect thoroughly and compare against the two nearby units at 15 Irving Street that sold below $750,000.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 263/15 Irving Street, Phillip ACT 2606
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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

3

Bathroom

2

Parking

2

Land

2.39 acres

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