6 Carrington Street, Deakin ACT 2600
6 Carrington Street, Deakin ACT 2600
Compact 2-bed house | Premium Deakin address | Rare downsizer opportunity | Strong 2023 sale result | Established suburb
A clear advantage is held by this house as one of the few smaller detached dwellings in a prestige inner-south pocket, making it especially suited to downsizers or buyers wanting a house rather than an apartment without sacrificing location. Its compact footprint is situated on a valuable residential parcel, and the 2023 sale confirmed strong demand for this configuration. School catchment access and the quiet, established character of the street reinforce its appeal to long-term owner-occupiers.
Value may be shaped by the land-to-dwelling ratio, where an older smaller house on a generous block could support future renovation or rebuilding, subject to planning rules. Condition and aspect might also influence how quickly it attracts interest, while any need for updating could be offset by the strength of the location.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Carrington Street, Deakin ACT 2600
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Deakin sits in Canberra’s inner south, positioned as a high-value, tightly held suburb with median house prices at $1.9–2.0 million and units at $1.16–1.25 million. High-income buyers are driving demand, focusing on $2 million-plus upgrades, supported by scarce stock and strong competition. House values rose 7.5% annually in the past year, with one measure showing 18% compound growth; unit growth reached 38.9% in a single year, though gross yields remain constrained at 2.7% for houses and 3.9–5.2% for units. Sales turnover is low at 35–43 houses per year, reinforcing supply tightness. Future growth is supported by national housing schemes pushing prices up 3.5–6.6% and rents rising 3–4% due to supply lag. Key risks are affordability, with six-figure incomes required for rentals, and rate sensitivity—early 2025 Canberra house yields were negative at -10.5%.
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PropCred Estimated Value
Comparable Sales: 12 Carrington Street sold for $1.69M in May 2024 | Listed Price Band: $1.5M–$1.6M | Value Indicator: land size, condition, layout
Bedrooms
2
Bathroom
1
Parking
-
Land
593m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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