1115/39 London Circuit, City ACT 2601

Present value locked in | premium rental above market | strata risk on newer build | no sales history to anchor The unit’s $800 weekly lease until June 2026 provides a rare income buffer, but the purchase decision hinges on whether that premium holds after expiry—current market estimates suggest a reversion to $650-760 per week, which may compress yield and soften resale appeal. Strata costs at $1,047 quarterly on a 2020 building are not alarming, but the absence of comparable sales in the record means you are pricing the apartment against median suburb trends rather than actual transactions, introducing valuation uncertainty that a buyer should negotiate into the price. This property works best as a hold for cash flow, not a flip. What makes this unit competitively useful is the northeast orientation and mechanical ducted cooling and heating, which lower ongoing energy costs and improve tenant retention—features not universal in the City market. The double-glazing and timber floors shift it toward premium build quality in a segment where many units rely on cheaper finishes. It serves an investor seeking stable rental income with a known tenant in place, or an owner-occupier wanting a low-maintenance home in the Canberra core without the compromise of an older building’s maintenance overhead. The absence of sales history here is actually the signal to proceed with a deposit subject to strata inspection and a formal comparable sales analysis from a local valuer.