12/32 Springvale Drive, Hawker ACT 2614

north-facing elevated position | rare storage and parking in entry-level unit | tenanted at $370/week | active lease with no inspection times This unit’s competitive edge is its north-facing balcony and generous storage, unusual for a 50-square-metre apartment. The tenancy at $370/week provides immediate cash flow, and the location near Hawker shops and transport supports steady rental demand. It suits first-home buyers or small investors seeking a low-maintenance entry point into the Canberra market. The main risk is the periodic lease, which limits inspection access and may delay vacancy for owner-occupiers. The building’s age and multi-unit configuration could mean higher strata levies or future special levies. However, the comparable sale at $360,000 in August 2024 suggests current pricing is realistic. Hold as a rental while the lease runs, or occupy after vacancy to capitalise on the elevated position and storage advantage.