38/6 Maclaurin Cres, Chifley ACT 2606

good sized unit | low land value risk | below average EER | no recent sale to anchor value | rental yield is marginal The critical risk here is the land value allocation. With a 2.0 star energy rating, this unit will cost more to heat and cool, eating into any rental return. The estimated weekly rent of $465 to $595 means you are buying a cashflow neutral proposition at best, unless you negotiate hard on price. This property is a hold for a first home buyer who plans to live in it for at least five years, not an investment for immediate yield. What makes this unit competitive is the generous floor plan for a two bedroom flat, the private outdoor area, and the location in Chifley—a stable, well positioned suburb close to Woden. For a downsizer or a first buyer, the built in wardrobes and low maintenance block are practical advantages. The NBN connection supports working from home, though that alone wont sell the property. The offer is best suited to an owner occupier who values space and location over perfect efficiency. To test whether this unit offers value, compare its price per square metre against recent sales of other two bedroom flats in the Chifley or nearby Torrens blocks from the last six months. If the gap is more than 10 percent, you have room to negotiate or walk away.