24 Baudinette Circuit, Bruce ACT 2617

24 Baudinette Circuit, Bruce ACT 2617
3.85% yield below cost | $6,706 land tax hits cash flow | tiered yard limits use | east aspect shadows afternoon sun The price point is aggressive for Bruce, where comparable three-bedroom houses typically sit below a million. A buyer paying $1,099,000 assumes the top of Domain’s estimate, which only works if the location premium holds. The 3.85% rental yield is eroded by $6,706 annual land tax, leaving a net return around 2.5% before management, effectively negative gearing unless capital growth outperforms. The east aspect and tiered yard reduce afternoon entertaining appeal, but the quiet loop street and 180-square-metre internal space offer strong owner-occupier holding merit. This is a decent long-term hold for a buyer who values Radford proximity over immediate yield. Competitively, the separate-title double garage with internal access and full-height bi-fold doors to a private tiered yard are rare in Bruce’s newer builds. The 459-square-metre block at 39% building coverage leaves room for future extension or landscaping, which most neighbours lack. The NBN FTTP and 5G coverage quietly support remote work viability. This property best serves a family prioritising school catchment and low street traffic over maximum rental performance. For a buyer seeking a home that hedges against rising Belconnen prices, the next step is a pest and structural inspection of the tiered retaining walls and a comparables walk of Baudinette Circuit’s recent off-market sales to verify the premium.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Bruce is a well-located Canberra suburb, popular with professional households and childless couples, offering strong transport links and proximity to major employment and education hubs. Demand is currently driven by investors targeting units for their relative affordability and solid rental yields, while house demand is more subdued. Recent price trends have been soft across both segments, with units facing particular pressure. Future growth relies on sustained rental demand from the university and professional workforce, though the market remains sensitive to interest rates and faces affordability constraints at the higher end.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

459mยฒ

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