16/6 Heard Street, Mawson ACT 2607

2-bedroom unit | 1975 build | Mawson school catchment | low-rise complex with 65% owner-occupiers The building’s 65% owner-occupied ratio signals a stable, well-maintained complex with less rental churn – a genuine advantage for a buyer seeking capital preservation over pure yield. The 1975 build is solidly constructed, and the priority enrolment for Mawson Primary and Melrose High adds enduring appeal for families or investors targeting that demographic. With the median for two-bedroom units in Mawson at $421,500, the estimated mid-point of $379,000 positions this unit below the suburb benchmark, offering a modest entry point into a well-located area with established amenity. The primary risk is the low EER of 1.5, which will push heating and cooling costs higher and may deter future buyers or tenants who prioritise efficiency. The 2.15-acre lot is shared across 49 units, so no private land value accrues to this unit. Annual rates and land tax are steep – roughly $38,104 and $83,341 respectively – making ongoing holding costs a material factor for any buyer. The rental estimate of $430–$540 per week is reasonable but not exceptional for the area. This property suits a buyer who values location and complex stability over modern finishes or energy performance; hold it as a long-term, low-turnover rental or owner-occupier home in a sought-after school catchment.