404/1 Anthony Rolfe Avenue, Gungahlin ACT 2912

Past peak price | 7-year flat to falling value | strata above suburb norm | north light saves yield This property risks locking in a capital loss from its previous transaction unless bought near the lower end of the estimate range. The 7-year gap since purchase at $460,000, combined with a current midpoint of $405,000, signals a market that has not recovered post-peak. Strata near $1,327 per quarter eats into gross yield, leaving a net return closer to 5.5% at best rental coverage. This apartment is a hold-and-rent proposition, not a short-term capital play. The north aspect and high floor provide rarity in Gungahlin’s unit stock, giving it a leaseability advantage over lower-floor or south-facing competitors. The Infinity building’s pool and gym are genuine differentiators in this price tier, appealing to young professionals or investors targeting tenants who value amenity over square meters. The light rail proximity locks in commuter demand, making this a sensible buy for someone seeking reliable cash flow, not appreciation. Before offering, verify the actual internal layout—the discrepancy between two-bedroom and one-bedroom-plus-study listings may affect valuation and rental comparables. Request the last 12 strata meeting minutes to confirm no upcoming special levies, as the communal pool and gym carry deferred maintenance risk.