5/70 Nullarbor Avenue Harrison ACT 2914

North-facing light rail apartment | two parking spaces | low-maintenance complex | prime Harrison location | strong rental yield. This north-facing, two-bedroom unit presents a competitively strong offering for investors and downsizers, anchored by its direct light rail access, two secure car spaces, and a low-maintenance configuration within an established complex. The recent interior refurbishment and separate laundry enhance its appeal in the rental market, serving buyers seeking a hands-off investment or a convenient lifestyle base with strong transport links. The decision hinges on absorbing the suburb’s negative growth trend and high holding costs, with annual rates exceeding $25,000. The commercial logic lies in securing a high-yielding, well-located rental; the current asking price sits above the suburb median, demanding scrutiny. Proceed only if the calculated net yield justifies the outlay, targeting long-term holding. A Propcred report would pressure-test this valuation against recent sales, verify strata health, and model the exact cash flow impact of locality rates and insurance. * Last sale: October 2018, $387,000. * Current estimated value: $508,000 (April 2026). * Recent listing: Offers over $490,000 (April 2026). This indicates sustained capital appreciation since the last sale, though the current listing price aligns cautiously with the higher estimated value, suggesting a market test.