Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

ACT › Wanniassa › Michie St

19 Michie St, Wanniassa ACT 2903

For saleHouse

$779,000

For sale

Asking

3

Bedrooms

1

Bathrooms

4

Car spaces

697 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $779,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $779,000(Listing record · 2 July 2026)
  • FactLand 697 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Wanniassa (last 5 years) with land size: median $1,107/m² of land (n=107). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 18% below the Wanniassa median recorded sale ($945,000, n=34, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Wanniassa's advertised median rent ($400/wk), implied gross yield would be 2.67% — 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

$779,000

Asking · $1,118/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Wanniassa (last 5 years) with land size have a median of $1,107/m² of land (n=107). Districts calculation from recorded sales — not a valuation.

Wanniassa at a glance

7,741

People

$945,000

Median sale

$400/wk

Median rent

2.20%

Suburb gross yield

Median sale from 34 recorded sales (last 12 months) — a Districts calculation.

See the full Wanniassa report →

Vs Wanniassa

-17.6%

Median sale

Suburb $945,000

+0.47 pp

Gross yield

Suburb 2.20%

Suburb median $945,000 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$779,000
Stamp Duty (Australian Capital Territory)
$23,911
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
$807,107

$28,107 on top of the price (3.6% 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 Wanniassa's advertised median rent — not a rent for this listing.

Net yield
1.17%
Annual cashflow (pre-tax)
$-31,393
Interest cover (DSCR)
0.23
Annual rent
$20,800
Operating expenses
$11,685
Loan amount
$623,200
Annual interest
$40,508
Gross yield
2.67%

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$779,000available2 July 2026

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 $400/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 2.7%. 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

Wanniassa in one glance

Wanniassa at a glance

7,741

People

$945,000

Median sale

$400/wk

Median rent

2.20%

Suburb gross yield

Median sale from 34 recorded sales (last 12 months) — a Districts calculation.

See the full Wanniassa report →

Keep researching

  • Why Wanniassa? Read the area thesis →
  • What else is on the market in Wanniassa →
  • Other records on Michie St →

Listing material

Listed by RNB Properties

Comfort, Space & Convenience in the Heart of Wanniassa

Positioned on a generous 697m² block in the established and family-friendly suburb of Wanniassa, this well-maintained three-bedroom home offers comfortable living, practical functionality, and excellent indoor-outdoor entertaining.

Designed with everyday living in mind, the home features approximately 103.2m² of internal living space, with a thoughtful floor plan that provides a welcoming balance of shared and private areas. The light-filled living room flows through to a separate dining area and functional kitchen, creating an ideal layout for families and entertaining alike.

The well-appointed kitchen offers ample bench space, generous storage, and a dishwasher for added convenience. Three well-sized bedrooms are positioned separately from the living areas, serviced by a centrally located bathroom with the added practicality of a separate toilet. A dedicated laundry provides direct access to the rear yard.

Read the full description

One of the home's standout features is the expansive covered verandah (approximately 6.46m x 4.13m), offering a fantastic outdoor entertaining space overlooking the spacious backyard. Whether hosting family gatherings, enjoying a quiet morning coffee, or watching the kids play, this versatile area is sure to be enjoyed year-round.

The property also benefits from a double garage and double carport, providing excellent vehicle accommodation, workshop potential, or additional storage. A garden shed further enhances the practicality of the home.

Property Features

Three well-proportioned bedrooms

One main bathroom with separate toilet

Approx. 103.2m² internal living area

Spacious covered verandah (approx. 40m²)

Double garage (approx. 48m²)

Double carport (approx. 31.6m²)

Approx. 697m² block

Functional kitchen with dishwasher and ample storage

Separate living and dining areas

Dedicated laundry with external access

Split-system heating and cooling

Garden shed

Established, easy-care backyard

Brick veneer construction

East-facing street frontage

Ideally located close to local schools, shops, parks, public transport, and everyday amenities, this inviting home presents an outstanding opportunity for first-home buyers, growing families, downsizers, or investors looking to secure a quality property in one of Wanniassa's most established and sought-after neighbourhoods.

All figures are approximate.

For more information, contact Benny on 0469 658 968 & Raja on 0452 326 613.

Disclaimer: RNB Properties has taken all reasonable care in the preparation of this advertisement to ensure the information contained herein is true and correct; however, no representation or warranty is made as to the accuracy, reliability, or completeness of the information. Interested parties should rely on their own enquiries and investigations in relation to the property and any information provided. RNB Properties accepts no responsibility and disclaims all liability for any errors, omissions, inaccuracies, or misstatements contained in this advertisement.

Listing description written by Benny Kannampuzha, RNB Properties — 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.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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