38/70 Efkarpidis Street, Gungahlin ACT 2912

North-facing unit | Modern build | Tenanted to mid-2026 | Two bathrooms | Above-median yield The property’s north-facing configuration and dual bathrooms are genuinely uncommon in the Gungahlin unit market, giving it a structural rental advantage over most two-bedroom stock. For a buyer seeking immediate cash flow, the existing tenancy at $550 per week removes vacancy risk and supports a gross yield above the suburb median, making this suited to a passive investor rather than an owner-occupier. The modern kitchen with stone benchtops and timber-style flooring also reduces near-term capital expenditure. The primary risk is the lack of floor-level disclosure and body corporate costs, which could compress net return if levies are high or the unit is on a lower floor with limited outlook. The comparable sale at 70 Efkarpidis suggests the asking range is not excessive, but the property sits above the suburb median price for two-bedroom units, so resale upside may be modest unless Gungahlin’s market tightens. The long lease through 2026 is a double-edged sword—it secures income but locks out owner-occupier buyers and limits renovation flexibility until expiry.