810/45 Furzer Street, Phillip ACT 2606
810/45 Furzer Street, Phillip ACT 2606
This is a 3-bedroom, 2-bathroom apartment with 2 garage spaces in Phillip. It is a larger configuration than typical for the suburb, and the dual parking is a genuine edge. The unit number suggests a higher floor position, which usually improves outlook and natural light. The property is positioned in a central business hub, which means convenience is high but the immediate neighbourhood character is commercial rather than residential.
What is competitively strong here is the combination of three bedrooms and two car spaces in a central Canberra location. This is not a standard investor unit; it suits a family or professional household that needs room to live and park without leaving the urban core. The dual garage is rare for an apartment and adds real utility. The property sits in Phillip, which functions as a business and retail centre, so walkability to shops and transport is a given. The larger floorplan and parking make it stand out against the typical one and two bedroom stock in the area.
What may affect value is the lack of clarity around the land title, as one source suggests a 1.01 hectare lot which is almost certainly an error or refers to the entire complex. This could cause valuation confusion if a lender or appraiser relies on that figure. The building age and internal finishes are not confirmed, so the actual condition will matter when comparing to similar units. The property is also listed for rent, which might signal a motivated seller or an investor exiting. A buyer should verify floor level, aspect, and strata fees before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 810/45 Furzer Street, Phillip ACT 2606
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
This suburb presents a nuanced opportunity, with its market currently in a corrective phase following a period of significant price adjustment. Recent trends indicate a softening in values, particularly for houses, while the unit market has demonstrated greater resilience. Demand appears anchored by investors, attracted by rental yields that remain comparatively robust, suggesting a steady income proposition despite the broader price recalibration. Future performance will hinge on the suburb’s ability to stabilise, with key constraints including a limited sales volume that can amplify market volatility and a lack of clear, proximate demand catalysts from major infrastructure or demographic shifts.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.01 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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