The listing we observed
2 bedrooms · NewApartments
Listing details describe the advertised home. They do not verify its condition or approved use.
Listing feed · last observed 30 Sept 2026Currently listed — $635,000
2 bed · 2 bath · 1 car · Apartment (new)
The Melrose
Your buyer evidence guide
Understand the home before the offer.
The useful records, what they mean, and the questions they leave open. Start here, then explore the evidence below.
How much price evidence fits
17 sales in the wider suburb/type pool
The wider pool is not a set of identical homes. Bedroom count, condition and location within the suburb affect comparability.
Published auction evidence · model trained through an unavailable cutoffWhat deserves a closer look
- asking $635k
- first tracked by our radar (the portal doesn't publish its list date)
These are recorded events, not evidence of the seller's motivation.
What we still cannot tell you
- No settled-sale history is available in this page's records. This does not mean the home has never sold.
- Direct price support is limited. Read the comparable sales and the estimate's uncertainty together.
- Public records and an automated estimate cannot establish whether the home is defect-free, what the contract contains, or why the owner is selling.
Questions to take to the inspection
Use these with the agent and your independent advisers. An answer is something to verify, not a fact we have recorded.
- Which recent sales are most comparable to this home, and how do their size, condition and position differ?
- What repairs, alterations or water issues are documented, and what can an independent inspection verify?
- What do the strata records show about current levies, planned works, meeting decisions and unresolved defects?
The estimate is a model output. The records are evidence. Your inspection and document checks fill the gaps.
Is the asking price plausible?
This is a comparison with the evidence we hold, not a valuation or a recommended offer.
CONSERVATIVE
$551k
the calibrated floor
LIKELY FAIR RANGE
$551k–$737k
around $642k mid
STRETCH CAP
$737k
$869k on the wider 80% band
Confidence: Low — based on 17 comparable auction sales (1 of this exact configuration) · model runs ±14% for this configuration · confidence held at Low — under 20 same-configuration sales · thin comparable support for this configuration — read the range as wider, not as a warning · the model's typical miss is ~12% against published results — every hit and miss
How this estimate was made
- Method: Comparable-sales grid · version 2026-08-11-v5
- Inputs used for this home: no per-address records were available; this uses location and configuration only
- Comparable support: 17 sales in the wider suburb/type pool; 1 of this exact configuration
- When to be more cautious: This configuration has thin direct comparable support, so its range is deliberately wider.
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 4/7 Irving St | 2 bd · 1 ba | $585k | Nov 2024 |
| 19/2 Antis St | 2 bd · 1 ba | $460k | Sept 2024 |
| 112/7 Irving St | 2 bd · 2 ba | $590k | July 2023 |
| 10/32 Bootle Pl | 2 bd · 1 ba | $580k | July 2023 |
| 2/15 Irving St | 2 bd · 2 ba | $800k | Sept 2022 |
| 111/15 Irving St | 2 bd · 2 ba | $605k | Aug 2022 |
Where every number comes from
- Fair value: Comparable-sales grid 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
- Comps: published Domain auction results for Phillip — suburb × configuration matches, not hyper-matched to this address
- Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
What changed recently?
- 18 Aug 2026 first tracked by our radar (the portal doesn't publish its list date)
- 18 Aug 2026 asking $635k
- 1 Oct 2026 on market 43+ days — first tracked by us, a lower bound
What to inspect before you offer
- Condition, aspect, renovation and the contract — these can materially change price, and the estimate cannot see them.
- Building condition: public records cannot establish that a building is defect-free; inspect independently.
These are due-diligence prompts, not a verdict on this property.
⏱ Days on market — this campaign
43 days since our daily sweep first saw this listing.
The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.
Growth trend — Phillip units at auction
Not enough Phillip unit auctions on record to show a trend — this fills in as the archive grows.
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Similar properties — on the market now
$635,000
55/15 Irving Street
Phillip
2 bed · 2 bath · 2 car
$639,000
504/49 Furzer Street
Phillip
2 bed · 2 bath · 2 car
$630,000
904/34 Furzer Street
Phillip
2 bed · 2 bath · 1 car
$640,000
408/102 Easty Street
Phillip
1 bed · 1 bath · 1 car
$629,000
60 Byron Court
Phillip
3 bed · 2 bath · 2 car
$645,000
165/11 Irving Street
Phillip
2 bed · 2 bath · 2 car
The 6 listings above are on the market now: same unit category, within 1 bedroom of 2, asking within 20% of this one, in Phillip or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
What's changing in Phillip — recent local signals
2026-08-30 — Landbank / amalgamation — listing's own words: "Amalgamat" (251/7 IRVING STREET, Phillip, ACT 2606) (listing rea-152188292 (rea), first seen 2026-08-30)
2026-08-24 — Landbank / amalgamation — listing's own words: "Amalgamat" (159/11 Irving Street, Phillip, ACT 2606) (listing rea-151724360 (rea), first seen 2026-08-24)
2026-08-19 — Landbank / amalgamation — listing's own words: "Amalgamat" (89/9 Irving street, Phillip, ACT 2606) (listing rea-151266100 (rea), first seen 2026-08-19)
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.