204/81 Cooyong Street, Reid ACT 2612

2-bed flat in Reid | 62 sqm internal | secure parking | reverse-cycle air | balcony | Ainslie School catchment This unit presents a competitively priced entry into the Reid precinct, directly serving a buyer seeking yield or a school catchment foothold. Its key strength is the combination of a secure car space, practical layout with built-in storage, and immediate access to established government schools, which underpins consistent rental demand. The absence of environmental overlays simplifies due diligence. It is best suited for an investor targeting the student or young professional market, or a owner-occupier prioritising location over space. Decision hinges on the building’s clear value depreciation, where recent sales show consistent negative annual growth between 3.94% and 5.39%. This erosion is the primary financial risk, offset partially by the projected 6.3% rental yield. The commercial logic is to acquire at a discount to estimated value for cash flow, not capital gain. Treat this as a long-term hold; its value proposition is income, not appreciation. A Propcred report would pressure-test this valuation against broader suburb sales and detail building-specific strata health, a critical check given the tenancy churn data. Recent sales in this building demonstrate softening values: – Unit 616 (2 bed, 2 bath, 2 car) sold for $620,000, -3.94% annual growth. – Unit 319 (1 bed, 1 bath, 1 car) sold for $580,000, -5.31% annual growth. – Unit 1007 (3 bed, 2 bath, 2 car) sold for $1.125M, -5.39% annual growth. – Unit 110 (3 bed, 2 bath, 2 car) sold for $759,000, -4.89% annual growth. This pattern confirms the listed price is a market correction, not an anomaly.