13/9 Lady Nelson Place, Red Hill ACT 2603

High land tax | 118sqm internal | strata $1,928/qtr | park outlook risk | premium suburb trade-off. Stratum at $1,928 per quarter adds $7,712 annually before rates and land tax total $6,109-this pushes carrying cost to $13,821 per year, a direct drag on net return for an investor or budget for an owner-occupier. The 20sqm covered balcony overlooking park provides function advantage that justifies position in the $1.3M–$1.43M band. In this market, buy for lifestyle hold-this unit suits a long-term resident, not a flip. What makes this property competitively rare is the combination of 118sqm of internal space, a dedicated park aspect, and secure double parking within a lift-served Red Hill complex-features seldom found together at this price point. The 6.0 EER and ducted climate control lower running costs versus older stock. This unit best serves a professional couple or small family who value immediate access to Red Hill Nature Reserve and sought-after school catchment. If you proceed, arrange an independent strata inspection to verify sinking fund health. Given no comparable sales data is present, the price band and strata cost suggest a premium positioning relative to nearby units-secure a building depreciation schedule to understand tax implications if buying as an investment.