16/28 Mort Street, Braddon ACT 2612

Rental yield compressed | EER 6 caps long-term appeal | No flood or heritage risk | School zoning solid but secondary is a bus ride The property’s rental income slipped from $670 to $600 per week since mid-2023, reflecting softer demand that buyers must price into their hold period. At a $529k entry point, a 5.5% gross yield is achievable but modest for the suburb’s median, and below-median energy performance may further pressure future resale price growth. The unit is viable as a low-maintenance owner-occupied home or a cash-flow-okay investment, but capital growth expectations should be subdued against Braddon’s broader 2.3% annual rise. The 77m² internal area is uncommonly generous for a two-bedroom apartment, offering genuine livability over the typical compact unit. Combined with FTTP connectivity, air conditioning, and a balcony, this holds stronger appeal for a long-term resident or a tenant seeking space rather than a speculator. It best suits a buyer prioritising usable floorplan and established suburb stability over high-turnover flipping. Given the rental income decline and moderate energy rating, buyers should commission a current strata report and a building inspection before making any offer, to anchor negotiation on known cost exposure rather than asking rhetoric.