1 bedroom, 1 bathroom, 1 parking space
65 sqm internal space, 9 sqm balcony
High yield rent
High demand location in the middle of cafe and restaurant precinct
Within easy walk to uni & Westfield
Canberra isn’t a location that we’ve recommended to investors recently, but I couldn’t go past this development. If it meets your strategy of high rent yield with slow and steady capital growth, this could be the perfect property for you.
This apartment is huge for a one bedder and has a great floorplan. The location is fantastic, within a 2 minute walk of Lake Ginninderra which is home to one of Canberra’s most extensive networks of cycling and jogging paths. It’s just a 5 minute walk to Westfield Belconnen and an easy walk to Canberra University and the Sports and Aquatic Centre. The Belconnen Bus Interchange is on your doorstep and the CBD and airport are both less than 25 minutes drive.
The suburb of Belconnen is undergoing urban transformation with a vibrant restaurant and cafe precinct and it’s beautiful with a great vibe.
Within the apartment, there are SMEG appliances, stone benchtops, LED downlights and quality fixtures and finishes throughout. The building even boasts a rooftop garden.
Canberra is also an appealing investment location as it has one of the lowest stamp duties in the country with the duty on this property coming in under $9,000.
The development is completed and selling well. Rent estimates are $450-$470 per week and the developer is offering a rent guarantee along with other incentives. There is a high percentage of owner-occupancies and bank valuations are welcome.
If this property interests you, email me or give me a call and we can discuss further details and see if it matches your requirements.
Note: these images are renders from the developer and may not be the view from the actual apartment.