519/1 Elouera Street, Braddon ACT 2612
519/1 Elouera Street, Braddon ACT 2612
56 days median | 40% renters | 5.5 EER | 56mยฒ internal | low clearance | supply risk
This unit carries an above-average holding cost due to Braddon’s 56-day median days on market and a 40% renter saturation in the building, which depresses owner-occupier demand and limits capital growth relative to lower-supply pockets. The 5.5 EER and 2017 build reduce utility and maintenance risk, but the 56mยฒ floorplan narrows resale appeal to singles or couplesโfamilies and investors seeking larger configurations will not compete. The property should be held medium-term for stable yield rather than flipped for short-term gain.
Competitively, the 1 Elouera complex offers a rare combination of recent construction, on-site parking, and a 5-star energy rating in Braddonโs core, which reduces vacancy risk and attracts quality tenants or owner-occupiers who prioritise efficiency and convenience. This unit best serves a first-home buyer or professional seeking low-maintenance inner-city living with minimal upgrade outlay. To proceed, verify strata levies and compare against the 123 units sold in Braddon this year to confirm your offer sits within the market-clearing range.
| Sales Context | Median $465k | 123 sold year-to-date | 0% auction clearance |
The propertyโs $360kโ$510k estimated range is wide, but the median $465k for 1-bedroom units in Braddon sets a realistic anchor; given the 5.5 EER and parking, this unit should hold near the median even in a slow market.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 519/1 Elouera Street, Braddon ACT 2612
Market Insight:
Braddon is a high-density urban precinct with a transient, rental-heavy population, driven by young professionals seeking walkability to the CBD. Recent house price trends have softened significantly, reflecting broader market adjustments, while the unit segment demonstrates relative stability. Demand is anchored in its central location and connectivity, though affordability constraints and limited house supply present headwinds for future growth.