706/34 Oakden Street, Greenway ACT 2900
706/34 Oakden Street, Greenway ACT 2900
2 bed / 2 bath / 2 car | New-build apartment stock | Amenity-rich complex | Strong parking provision | Lake-adjacent precinct
This unit sits at the more substantial end of Greenway’s apartment market, where most stock is smaller one-bedroom investor product. Two bathrooms and two secure car spaces are genuinely uncommon at this price level, and they make the apartment practical for owner-occupiers who want low-maintenance living without sacrificing function. The complex itself offers a notably broad amenity package—pool, spa, rooftop terrace, sauna, and cinema—which lifts everyday appeal and supports stronger rental demand than basic blocks. The newer construction standard, including reverse-cycle heating and cooling and stone bench tops, means limited immediate maintenance, and the EER 6 rating keeps energy costs reasonable. This unit best suits a first-home buyer wanting to live in it, a downsizer trading land for convenience, or an investor seeking a tenant-friendly layout with genuine parking advantage.
Flood zone notation appears on some records for this precinct, and that may influence insurance costs or lender appetite, so it warrants direct confirmation before committing. Strata fees for a facility-heavy complex could also sit higher than typical, which affects long-term holding costs and yield calculations. The broader Greenway unit market turns over at a moderate pace, so resale may take a little longer than in tighter suburbs, but the two-car configuration and newer build should hold value better than smaller units in the same cluster. Rental income potential appears solid, with comparable two-bedroom units in the building suggesting weekly returns around $535, which supports a reasonable yield for the price point.
Detailed Independent Property Report prepared by PropCred Analyst team for 706/34 Oakden Street, Greenway ACT 2900
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Greenway offers a mid-priced entry point in the Canberra market, with median house values at $560,000 and units at $519,500 over the year to March 2026. Unit yields are close to 5.5 per cent, and a two-bedroom house at 15 Watts Street indicates rental demand supports investor interest. Houses spend a median 45 days on market, with just 41 house sales in the past year—a thin, low-turnover market. Demand comes from first-home buyers and yield-focused investors attracted to affordability and unit returns. Future growth is constrained by broader supply pressures: national data shows sellers outnumbered buyers by a record 47 per cent in December 2025, which could prolong soft price conditions. Lack of vacancy and local growth data limits a fuller risk assessment, though the suburb’s low price base provides some downside protection.
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PropCred Estimated Value
Comparable Sales: 703/34 Oakden Street estimated $444,000; 404/34 Oakden Street listed around $495,000 | Property Price Band: $400,000–$500,000 | Value Drivers: Two car spaces, amenity package, newer build quality
Bedrooms
2
Bathroom
2
Parking
2
Land
1.1 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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