3 Bussau Close, Wanniassa ACT 2903
3 Bussau Close, Wanniassa ACT 2903
Established family holding | 1970s-era construction likely | quiet loop street position | school-catchment appeal | renovator or upgrade potential
This property sits within Wanniassa’s mature residential fabric, where detached houses on medium-to-large blocks dominate and family demand is steady. The likely build era places it among peers that offer genuine scope for value-add through renovation or extension, which suits buyers wanting to shape a home rather than buy turnkey. Its position on a loop street, close to schools and local retail, reinforces a suburban convenience that appeals strongly to families and long-term occupiers. For the right buyer, this is a practical entry into a well-served south Canberra suburb with established amenity rather than speculative upside.
Value may be influenced by the condition of the original structure, particularly energy efficiency and kitchen or bathroom finishes, which are common weaknesses in stock of this age. The size and orientation of the block might allow for future extension, subject to planning rules, adding meaningful flexibility. Market timing and buyer competition in the immediate area could also shape the final figure, so a thorough inspection and a clear sense of intended use are advisable before committing.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Bussau Close, Wanniassa ACT 2903
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Wanniassa, in Tuggeranong, southern Canberra, is a family-dominated market positioned near South.Point Tuggeranong, Erindale, and local school catchments. Demand is driven by established households, many with mortgages, seeking access to these amenities. House prices are stable around $911,000 with 6.83% annual growth; units average $520,000 at 3.40% growth. Market conditions show steady turnover: 109 house sales in 12 months and a 36-day median listing period. Rental pressure is tight with only four vacancies last month, supporting gross yields of 4.13% for houses and 5.17% for units. Future growth is anchored by limited supply—three listings last month—and sustained owner-occupier interest, though affordability constraints and rate sensitivity remain key risks at these price levels.
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PropCred Estimated Value
Comparable Sales: 46 Bussau Close sold $515,500 in 2017; 21 Osmand Street estimated around $860,000 | Property Price Band: $800,000–$900,000 | Value Drivers: land size, renovation potential, street quietness
Bedrooms
3
Bathroom
1
Parking
1
Land
547m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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