117/77 Northbourne Avenue Turner ACT 2612

Modest upside | weakening local market | low rental yield | no known site risk This property sits in a Turner market that has declined 4.7% over the past year, with days on market averaging 72. That softness reduces price leverage for a buyer, and the 6% rental yield, while not poor, is below what investors typically seek for a unit in this bracket. The land content on 1.58 acres is negligible for a strata unit, so capital growth will depend entirely on suburb demand, not site scarcity. Buy for stable occupancy or as a hold, not for rapid appreciation. What works here is the 91–93 square metre internal space, paired with two car spaces and an open-plan layout-this combination is uncommon for a two-bedroom unit and offers genuine liveability. The EER of 6 is also above average for the stock. This unit suits an owner-occupier who values space and parking over yield, or a landlord targeting tenants who will stay longer due to the functional floorplan. The absent flood, bushfire, and heritage overlay confirms a low due-diligence burden. To proceed, instruct a strata report review to confirm sinking fund health and recent levy increases, then compare current asking with the average 72-day market to negotiate from a position of information.