513/74-76 Northbourne Avenue, Braddon ACT 2612
513/74-76 Northbourne Avenue, Braddon ACT 2612
2 bed 2 bath with rare 2-car parking | 82m² | light-rail adjacent | 1994 complex with pool gym sauna | inner-north Braddon
The double parking allocation is the principal structural advantage here, in a market where most equivalent units offer a single space or none; that second space carries real convenience and resale weight. The 82 m² floor plan is generous for a two-bedroom unit, and 1994 construction typically means more substantial room proportions than newer infill stock. Positioned on the Northbourne light-rail corridor, with the CBD and Braddon dining strip within walking distance, the property supports a practical inner-urban lifestyle. It is best suited to an owner-occupier wanting car accommodation without sacrificing walkability, or an investor seeking a configuration that stands apart in this market.
The arterial frontage may introduce traffic noise and could make some balconies less usable, while the 1994 building’s common facilities carry strata levies that should be weighed against actual use. The double parking may support value, but the final price might hinge on internal condition and modernisation. Market conditions for inner-north apartments may favour buyers, so patience could aid negotiation.
Detailed Independent Property Report prepared by PropCred Analyst team for 513/74-76 Northbourne Avenue, Braddon ACT 2612
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Braddon’s inner-north position, anchored by light rail and walkable access to the Canberra CBD, sustains a dense, urban market where renters make up 56.76% of the 5,504 residents. Demand is led by young professionals and investors chasing high-connectivity living, reflected in 247 unit sales over the past year. House prices are under pressure: median values fell 22.24% annually to $570,000 per one dataset, while another shows $657,500, down 7.98%; days on market stretch to 63–77. Units are steadier, with median prices around $565,000 and 0.89% growth, a tight 0.97% vacancy rate, and gross yields near 5.7%. Weekly house rents range $590–$645, units $580–$612. The thin house market—just 29–36 sales annually—intensifies competition, but affordability constraints and rate sensitivity cap upside; infrastructure links to employment hubs support the medium-term outlook for apartments over houses.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 419/74-76 Northbourne (2/2/1, 85m²) and 524/74-76 Northbourne (1/1/1), recent complex sales around $330K–$405K | Listed Price Band: $400K–$500K | Value Indicator: double parking, layout size, internal condition
Bedrooms
2
Bathroom
2
Parking
1
Land
1.03 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!