309/1 Brewer Street, Phillip ACT 2606

Brand new The Shard apartment | double car park in Phillip | strong owner-occupier finish | dual market positioning. The property’s primary buying case rests on its combination of a brand-new build, two secure car spaces, and a sophisticated finish within the Shard complex—a configuration rarely available in Phillip’s apartment market. The open-plan layout with engineered timber flooring, SMEG appliances, and ducted heating and cooling appeals directly to owner-occupiers seeking a low-maintenance, high-quality home, while the $630 per week rental potential and proximity to Canberra College and Garran Primary School make it equally viable for investors targeting the premium end of the rental market. The 70-square-metre internal size and balcony provide a liveable footprint that outperforms many compact two-bedroom units in the area, and the rooftop communal space adds a lifestyle edge that strengthens buyer appeal. The key risk is that the $589,000+ asking price sits near the local two-bedroom unit median of $582,000, leaving limited immediate equity upside in a market with a 25% auction clearance rate and 73 average days on market. The rates and land tax figures reported for the overall block suggest potential for higher-than-expected strata or outgoings, which should be verified against the individual unit’s levy. The opportunity lies in the dual-market positioning: if the sale does not proceed, the property can be held as a rental yielding approximately 5.5% gross, providing a fallback that reduces downside risk for a buyer negotiating below the guide.