504/35 Furzer Street Phillip ACT 2606

504/35 Furzer Street Phillip ACT 2606
2 bed, 2 bath, 2 car | Level 5 unit | 79mΒ² | EER 6 | FTTP NBN This unit presents a competitively specified offering for a downsizer or professional seeking low-maintenance living in Phillip. Its two secure car spaces and dual bathrooms are functional advantages in the suburb’s unit market, while the high energy efficiency rating and fibre internet support modern occupancy costs. The priority enrolment for Garran Primary and Alfred Deakin High School anchors its appeal to a specific buyer segment, though the floorplan size is below the local median. The primary risk is paying a premium against the suburb’s median for a smaller floor area, with market exposure extended by a high volume of competing listings. Proceed only if the two-car configuration and school zone directly serve your holding purpose, otherwise the price lacks justification against larger alternatives. Our analysis would pressure-test the listed price against true comparable sales and detail strata health, as the 1-hectare site complexity necessitates scrutiny of capital works and insurance liabilities. Recent sales context for Phillip 2-bedroom units shows a median price of $583.5k, with properties averaging 84 days on market. This suggests the asking price sits above the median, requiring validation that its specific features command the premium.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

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.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

2

Land

1.01 ha

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat