82/39 Benjamin Way, Belconnen ACT 2617

2-bed unit | Sentinel building | resort amenities | strong rental yield This property occupies a rare position in Belconnen’s apartment market: a genuine two-bedroom, one-bathroom layout with 84 square metres of usable space in a 2013-built building. The 6.0 energy rating and inclusion of a garage are increasingly uncommon in this price tier. The resort-style facilities-pool, gym, garden-lift it above typical investor-grade stock, making it suitable for an owner-occupier seeking lifestyle proximity to Westfield and Lake Ginninderra, or a landlord targeting the University of Canberra tenant pool. The rental estimate of $580 per week implies a gross yield above 6%, which is competitive for a purpose-built unit of this age and size. The primary risk is the strata cost: $1,430 per quarter is high relative to the purchase price, and will compress net returns for an investor. The 33% auction clearance rate in Belconnen’s two-bedroom unit market signals soft demand, and the 64-day average days on market suggests buyers have negotiating room. The property has been listed for only eight days, so there is no stale inventory discount yet. The opportunity is to offer below the $490,000 mid-valuation estimate, targeting closer to $450,000, which would improve the yield and reduce holding risk. Hold this property for rental income or as a low-maintenance owner-occupied base-capital growth will be modest, but cash flow is defensible.