31/19 Condamine Street, Turner ACT 2612

Turner unit, 2-bed, 1-bath, 80m² | ⚠️ $549k+ list vs $562k prior sale | No on-site parking designated | $655/week rent but low yield at 5.4% This property presents a fair but not compelling buy. The $549k+ ask sits just shy of the 2021 sale price of $562k, which suggests the seller is testing a softer market; given the median Turner unit value of $633k, there is some upside, but the lack of a designated car space and FTTN internet are tangible risks that will narrow the buyer pool and potentially cap future capital growth. The yield at 5.4% is acceptable for a holding strategy, but you would be relying on 10-year demographic tailwinds in Turner rather than immediate price momentum. A pragmatic call: offer below $540k to build in margin, or pass if you need guaranteed short-term appreciation. The property’s competitive strength is its quiet, green setting within a well-maintained block, which is rare for a Turner unit near the city; the renovated bathroom with heated towel rail and split-level balcony access are genuine differentiators for owner-occupiers. For a first-home buyer or downsizer seeking low-maintenance living with good light and functional floorplan, this works. However, for an investor, the rent-to-price ratio is average, and the lack of dedicated parking limits appeal to the larger tenant pool. The key takeaway: this unit suits a buyer who values peace over yield, but you must negotiate hard to avoid overpaying. Next step: review body corporate minutes for any sinking fund issues, as the 2021 sale data suggests the market has not moved upward since.