130/98 Corinna Street, Phillip ACT 2606

2 bed, 1 bath, 82m² unit in Phillip | solid floorplan for the price point | single parking in a competitive market | softening value signals in the building The property’s competitive edge lies in its 82m² floor area, which is generous for a two-bedroom unit in this price bracket, giving it genuine liveability over smaller comparables. This size, combined with one parking space, positions it well for first-home buyers or investors seeking a functional layout in a suburb with established infrastructure – proximity to Woden Town Centre, hospitals, and public transport adds practical demand. The single bathroom is standard for the segment, but the configuration avoids the cramped feel common in newer builds, which strengthens its holding appeal. The key risk is the softening price trend evidenced by the March 2026 sale of unit 131/98, a one-bedroom that sold $30,000 below its 2011 purchase price, signalling that this building may not hold value in a competitive market of 172 listings in Phillip. The buyer pays for that uncertainty with slower capital growth and a narrower resale pool. The opportunity is to negotiate hard below the $440,000 estimate, using that comparable as leverage, and secure a property that works as a long-term hold for stable rental yield rather than short-term gain. FTTP internet is a small supporting plus for tenant appeal. Hold this for cash flow, not appreciation.