116/66 Allara Street, City ACT 2601

116/66 Allara Street | 131m² two-bedroom in City | median-priced building with investor demand | 50/50 owner-renter split | strong rental yield potential This unit presents a rare configuration advantage in a building where one-bedrooms dominate recent sales, and the 131m² floor area is well above typical apartment stock. The 50/50 owner-renter split signals a balanced building that avoids the pitfalls of predominantly investor-held towers, while the building-level rental yield of 6.93% on a comparable two-bedroom unit confirms genuine investor demand. For a buyer seeking a centrally located apartment with space, parking, and tenant appeal, this property occupies a defensible position in a market where median two-bedroom units sit near $653,000. The primary risk is the building’s low annual growth profile, with recent one-bedroom sales showing annual appreciation between 0.98% and 2.10% over extended hold periods. This suggests capital gains have been modest, and the property should be acquired primarily for lifestyle or steady rental income rather than short-term appreciation. The opportunity lies in the building’s active resale and rental turnover, which provides liquidity and a clear rental benchmark. For an owner-occupier, the large floor plan and balanced tenure mix offer a stable living environment. For an investor, the demonstrated rent of $760 per week on a similar unit supports a yield well above the area median, though price negotiation should reflect the building’s subdued capital growth history.