504/16 Moore Street, City ACT 2601

Buying risk: below-median unit, slow turnover area, 60% rentals, 40% owner occupancy. The property’s valuation at $535,000 is supported by a moderate confidence range of $510,000 to $560,000, but the 103-day average days on market in City signals a slower absorption for units in this segment. At 60% rentals, the area is tenant-heavy, which may depress capital growth relative to owner-occupied suburbs; this unit is best held for stable rental yield rather than short-term appreciation. What is competitive here is the 2016 purchase price of $495,000-the current list sits near valuation-indicating pricing has not overshot recent history for this decades-old unit. Reliable NBN Fibre to the Premises and 5G coverage support remote work, and the 1.0 km walk to Ainslie School strengthens appeal for families. This property suits a buyer seeking a core city holding with consistent tenant demand, not a quick flip. If you act, verify that the land classification and zoning allow for any planned renovations, as the large land size may hold long-term potential beyond current use.