1203/102 Swain Street, Gungahlin ACT 2912

Top-floor positioning | 84sqm total with balcony | Yerrabi Pond water views | 2021 build with 2.7m ceilings | Owner-occupied building with low turnover This unit occupies a rare top-floor position in a near-new 2021 building, giving it natural light and privacy that lower floors in the same complex lack. The 72sqm internal footprint with separated zones and a 12sqm balcony is generous for a two-bedroom apartment in this market, and the solid timber flooring and Bosch appliances lift it above entry-level stock. It suits a buyer seeking a low-maintenance home with strong owner-occupier appeal rather than pure investment yield, given the 95% owner-occupied building signals stable neighbours and fewer rental management issues. The main risk is that the $1051 quarterly strata fee is high for a two-bedroom unit, and the 6/10 energy rating means heating and cooling costs will be moderate rather than minimal. The 2021 purchase price is unavailable, so buyers cannot gauge capital growth trajectory directly from this unit’s history, though the broader Gungahlin median for two-bedroom units sits at $460k with 0.7% annual suburb growth. The property is best held as a primary residence or long-term hold where the top-floor advantage and water views maintain a premium over ground-floor comparables.