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ACT › City › Akuna St

604/2 Akuna St, City ACT 2601

For saleApartment

$229,000

For sale

Asking

0

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $229,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $229,000(Listing record · 25 Sept 2025)
  • CalculationIf it leased at City's advertised median rent ($550/wk), implied gross yield would be 12.49% — 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

$229,000

Asking

No recorded sale for this property.

City at a glance

5,361

People

No data

Median sale

$550/wk

Median rent

No data

Suburb gross yield

See the full City report →

Total cost to purchase

Purchase Price
$229,000
Stamp Duty (Australian Capital Territory)
$3,038
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
$236,234

$7,234 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 City's advertised median rent — not a rent for this listing.

Net yield
10.99%
Annual cashflow (pre-tax)
$13,257
Interest cover (DSCR)
2.11
Annual rent
$28,600
Operating expenses
$3,435
Loan amount
$183,200
Annual interest
$11,908
Gross yield
12.49%

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$229,000available25 Sept 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 $550/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 12.5%. 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

City in one glance

City at a glance

5,361

People

No data

Median sale

$550/wk

Median rent

No data

Suburb gross yield

See the full City report →

Keep researching

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

Listing material

Listed by The Agency Canberra

Furnished Studio with Resort Amenities

View By Appointment Only - If open times are displayed however, please meet at the foyer at designated time for the first viewing. A second viewing opportunity will occur 15 minutes later.

Affordable and central, this studio apartment on the 6th floor in the Nesuto complex is a practical choice for those seeking a Canberra base or a low-maintenance investment. Compact in design yet positioned to capture sweeping city views out to Telstra Tower, it offers both lifestyle and income flexibility.

The layout includes a bedroom with built-in robe, a well-presented kitchen, and a modern bathroom with full-height tiling. Hotel-style facilities add real value, residents enjoy a heated indoor pool, sauna, gym, BBQ terrace, ping pong, and a rooftop half-court tennis court.

Read the full description

From the doorstep you can walk to Civic Square, Canberra Theatre, the Casino, Braddon's dining scene, and the Canberra Centre.

Multiple use options make this an attractive opportunity. Live in, lease privately (approx. $500 p/w), or secure a Nesuto-managed arrangement returning approx. $1,933.63 per month.

Features include

• Studio apartment with city and Telstra Tower views

• Built-in robe

• Compact kitchen with stone benchtops and modern finishes

• Bathroom with full-height tiling

• Heated indoor pool, gym, sauna, BBQ terrace, ping pong, and half-court tennis

• Prime CBD location, walk to Canberra Centre, Braddon, Civic Square and Casino

• Live in, lease privately, short-stay, or Nesuto-managed ($1,933.63 p/m)

• EER: 6.0 stars

• Living size: 29 m² (approx.)

• Body corporate: $1,917.56 per quarter (approx.)

• Rates: $2,164.34 per annum (approx.)

• Land tax: $2,600.80 per annum (investors only)

Listing description written by Michael Hugg, The Agency Canberra — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Gym
  • In-Ground Pool
  • Tennis Court
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.