61/39-43 Crawford Street, Queanbeyan NSW 2620
61/39-43 Crawford Street, Queanbeyan NSW 2620
Top-floor position | 180-degree views | dual parking & storage | strong rental yield
This unit occupies a rare top-floor position in the Gateway complex, giving it a privacy and outlook advantage over lower units. The 96m² internal floorplan with separate lounge and dining, study nook, and two full bathrooms is generous for a two-bedroom apartment and competes well against newer but smaller stock in the area. The two underground car spaces and storage unit are a genuine differentiator in a market where most apartments offer one space or none. For an owner-occupier seeking space and convenience within walking distance of Queanbeyan’s centre and the Canberra border, or an investor targeting the stable rental demand shown by the complex’s ~6% yield, this unit has a clear functional edge.
The main risk is the building’s age,circa 1985,which may mean higher sinking fund contributions or upcoming capital works. A strata inspection is essential before committing. The 2009 purchase date suggests the vendor has held long-term, so price expectations may be less flexible than a distressed sale. However, comparable sales in the building show consistent 2.5% to 7% annual growth, and the 50/50 owner-renter split in the local area supports balanced demand. The property suits a hold strategy: buy for lifestyle or yield, and let the top-floor rarity and parking count for resale.
Detailed Independent Property Report prepared by PropCred Analyst team for 61/39-43 Crawford Street, Queanbeyan NSW 2620
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Queanbeyan presents a stable, well-connected market offering diverse housing options, attracting a broad buyer base from families to investors. Recent conditions show a softening trend across both houses and units, indicating sensitivity to broader economic factors. Its established infrastructure and proximity to Canberra provide a solid foundation, though current affordability pressures and recent price adjustments represent key considerations for prospective buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
1.14 acres
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