3/9 Favenc Circle, Griffith ACT 2603
3/9 Favenc Circle, Griffith ACT 2603
This 3-bedroom, 2-bathroom townhouse spans 190 m², built in 2009 with an EER of 6.0. It includes 4 garage spaces, double-glazed windows, and a 15kW solar battery system. The property sits on a shared 1,680 m² parcel in Griffith, 300 metres from the shopping village. It is not in a flood zone.
What makes this townhouse competitively rare is its high-spec energy package-a 15kW battery and double glazing are unusual for a 2009 build and materially lower ongoing costs. The four-car garage is another outlier, offering storage or workshop flexibility well beyond typical townhouse stock. Positioned within Griffith, a suburb dominated by premium freestanding houses, this unit offers a lower entry point to the location without sacrificing quality finishes. It best serves a buyer who prioritises energy efficiency, parking capacity, and a walkable position near the shopping village, while accepting strata-style land tenure.
The shared land parcel and unit title may affect long-term value growth compared to freehold houses in Griffith, as buyers often pay a premium for exclusive land. The property’s estimated value sits below the suburb’s house median, which is typical for townhouses but should be weighed against the high specification. The 2010 sale history provides a useful baseline, but market conditions have shifted significantly since then. The 4.18% rental yield suggests moderate investor demand, though owner-occupiers may place higher value on the energy savings and parking. The 17-year-old build is approaching an age where major systems like roofing or plumbing may require attention, though the solar setup offsets some ongoing utility costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/9 Favenc Circle, Griffith ACT 2603
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Griffith is a premium suburb with house prices well above the territory average, attracting a mix of owner-occupiers and investors. Demand is supported by strong rental returns, particularly for units, which outperform the broader market. Recent price trends show a nuanced market with varying growth signals, while houses transact relatively quickly. Its position at the upper end of the market presents both its appeal and a key constraint regarding affordability and sensitivity to economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
4
Land
1680m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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