106/2 Akuna Street, City ACT 2601

1-bedroom flat | 3rd floor, 8-storey building | pool, gym, tennis court | below 2022 sale price This unit presents a rare buying opportunity because its current asking price sits below both its 2022 sale price and the estimated value range, a gap that typically signals either motivated selling or a temporary market correction. The building’s shared amenities—pool, gym, and tennis court—are uncommon for a one-bedroom property at this price point and directly support the strong 7-8% rental yields seen in comparable units. It is best suited for an investor seeking a cashflow-positive entry into Canberra Central, or a first-home buyer willing to accept a smaller floorplan in exchange for lifestyle features and a lower purchase price. The primary risk is that the 2022 sale price of $360,000 may reflect peak market conditions, meaning the current $295,000 listing could indicate softening demand or building-specific issues not visible in the data. The 10+ year holding time for 29% of units suggests some owners are reluctant to sell at a loss, which may limit future capital growth. However, the 6.42% annual growth on a recent three-year hold shows short-term gains are possible if bought well. The EER rating of 6 is solid for an older building and reduces ongoing energy costs. Hold this property for rental income first, capital appreciation second, and exit only when comparable units show a clear upward trend.