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ACT › Red Hill › Discovery St

10/16 Discovery St, Red Hill ACT 2603

For saleApartment

$545,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $545,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $545,000(Listing record · 29 Oct 2025)
  • CalculationIf it leased at Red Hill's advertised median rent ($500/wk), implied gross yield would be 4.77% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$545,000

Asking

No recorded sale for this property.

Red Hill at a glance

3,551

People

No data

Median sale

$500/wk

Median rent

No data

Suburb gross yield

See the full Red Hill report →

Total cost to purchase

Purchase Price
$545,000
Stamp Duty (Australian Capital Territory)
$13,344
Transfer/Registration Fee
$496
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$562,540

$17,540 on top of the price (3.2% extra)

  • Stamp Duty (Australian Capital Territory)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Australian Capital Territory schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Red Hill's advertised median rent — not a rent for this listing.

Net yield
3.27%
Annual cashflow (pre-tax)
$-10,515
Interest cover (DSCR)
0.63
Annual rent
$26,000
Operating expenses
$8,175
Loan amount
$436,000
Annual interest
$28,340
Gross yield
4.77%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$545,000available29 Oct 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

ACT

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $500/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Red Hill in one glance

Red Hill at a glance

3,551

People

No data

Median sale

$500/wk

Median rent

No data

Suburb gross yield

See the full Red Hill report →

Keep researching

  • Why Red Hill? Read the area thesis →
  • What else is on the market in Red Hill →
  • Other records on Discovery St →

Listing material

Listed by Hayman Partners

North Facing Apartment in Boutique Red Hill Complex

Nestled on a leafy street in the prestigious suburb of Red Hill, this two-bedroom apartment offers fantastic outlooks and north-facing living and bedrooms.

Featuring updated interiors and north-facing living, the apartment has a functional floor plan that incorporates a combined living and dining space. Elevating the entire room is the traditional parquetry timber flooring, a feature rarely seen in apartments. From the living room, you have access to your private balcony with outstanding views of the surrounding treetops of Red Hill.

Off the living room is the well-sized kitchen with ample bench space and storage. Recent additions include a brand-new Bosch cooktop and oven.

Read the full description

Accommodation is provided by 2 carpeted bedrooms, both with built-in wardrobes and north-facing outlooks, allowing for terrific sunlight all year round. The bathroom is well-sized and has received renovations, providing a modern finish and additional comforts such as a heater, towel rails and tastic heated light.

Step outside, and you'll find yourself surrounded by tree-lined streets and walking distance from the local Red Hill Shops where you will find a boutique Supabarn, popular eateries such as Bravo Woodfired Pizza, Fox & Bow Cafe and the local Red Hill Butcher, as well as other stores. Nearby schools include Canberra Grammar, Red Hill Primary and Narrabundah College.

Features:

- Sunny living area with reverse cycle air conditioner

- Shower over bath set up in bathroom

- New Bosch induction cooktop and oven

- European laundry

- New blockout blinds in main bedroom

- Single carport with lockup storage

- Quiet Leafy tree-lined street

- Boutique complex of only 13 units

- Built in robes in both bedrooms

- Short walk to the Red Hill Shops

- Close to Manuka shops, Canberra Grammar School, Red Hill Primary, local

shops and public transport

Figures:

Body Corp: $1,375pq

Rates: $747pq

Living Area: 52m2

Balcony Area: 4m2

EER: 4.0

Listing description written by Tyran Murphy, Hayman Partners — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.