1/85 Port Jackson Circuit, Phillip ACT 2606

Ground-floor unit in Phillip | 87m² with carport | Strong rental demand | Owner-occupied building | No overlay risks This property’s competitive edge lies in its ground-floor configuration and generous 87m² internal area, which is rare for a two-bedroom unit in Phillip. The single-level layout avoids stairs and offers direct carport access, making it suitable for downsizers or investors seeking tenant appeal. The building’s 70% owner-occupancy rate signals stable neighbours and lower turnover risk, while the 4.0 energy rating and 5G coverage add practical liveability. It best suits a buyer looking for a low-maintenance base with solid rental fundamentals-median rent of $555pw supports a yield near 6% at current valuation. The main risk is the property’s age and body corporate obligations-quarterly levies of $1,223 and rates of $604 reduce net return for investors. The FTTN connection is a minor negative compared to FTTP, though not a dealbreaker. The opportunity is in the suburb’s active unit market-150 sales this year and a 25% auction clearance rate suggest liquidity. Buyers should negotiate below the $480k asking, targeting the $441k–$475k estimated range, and hold for rental income or future upsize, not short-term capital gain.