810/45 Furzer Street, Phillip ACT 2606
810/45 Furzer Street, Phillip ACT 2606
3-bed unit in Phillip | strata pool and balcony | Garran Primary zone | sold once since 2020
This property sits inside a well-established complex at 45 Furzer Street where limited turnover suggests stable owner-occupier sentiment. The combination of three bedrooms, two bathrooms, and two car spaces is uncommon in Phillipโs unit market and gives it genuine appeal for downsizers or small families who want space without a house. The pool and balcony add lifestyle utility that supports both owner-occupier demand and rental appeal, and the $790 weekly rent estimate indicates the property could hold an investorโs holding cost well below typical mortgage stress. For a buyer who values school catchment certainty and a walkable position near Canberra College, this unit competes on configuration rather than price.
The main risk is the wide valuation range-$700k to $940k-which signals the market has not yet settled on this propertyโs true ceiling, and the zero percent auction clearance rate in Phillipโs three-bed unit segment suggests buyers are cautious. The 2020 sale price is now four years old, so the buyer must anchor their offer to recent comparable sales rather than the vendorโs expectation. The 156-day average days on market means patience is rewarded here. If bought near the lower end of the estimate range, this property works as a hold-and-rent play; if bought near the top, the buyer is paying for configuration that may not resell quickly.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 810/45 Furzer Street, Phillip ACT 2606
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.