Phillip at a glance
7,528
People
$640,000
Median sale
$440/wk
Median rent
3.57%
Suburb gross yield
Median sale from 7 recorded sales (last 24 months) — a Districts calculation.
ACT › Phillip › Melrose Dr
$500,000
For sale
Asking
2
Bedrooms
2
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$500,000
Asking
No recorded sale for this property.
Phillip at a glance
7,528
People
$640,000
Median sale
$440/wk
Median rent
3.57%
Suburb gross yield
Median sale from 7 recorded sales (last 24 months) — a Districts calculation.
Vs Phillip
-21.9%
Median sale
Suburb $640,000
+1.01 pp
Gross yield
Suburb 3.57%
Suburb median $640,000 from 7 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
$15,596 on top of the price (3.1% extra)
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.
Pre-filled with Phillip's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
ACTPlanning 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.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $440/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Gross yield if leased at the suburb aggregate is 4.6%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Phillip at a glance
7,528
People
$640,000
Median sale
$440/wk
Median rent
3.57%
Suburb gross yield
Median sale from 7 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Ruiz Property ManagementSet within one of Woden's most desirable near-new developments, this beautifully presented two-bedroom apartment delivers the perfect balance of lifestyle, convenience, and long-term value. Positioned on Level 6 with a functional and highly sought-after floorplan, this residence offers modern living in one of Canberra's fastest-growing town centres.
Designed for comfort and practicality, the apartment features a spacious open-plan layout with excellent natural light throughout. The northeast-facing aspect allows for lovely morning sun and a bright, welcoming atmosphere during the day, while the elevated position captures pleasant district views stretching toward Black Mountain and Telstra Tower.
The layout has been thoughtfully designed with privacy in mind, placing the two bedrooms on separate sides of the apartment. Both bedrooms enjoy large windows, built-in wardrobes, and great natural light, creating comfortable and relaxing personal spaces. The master bedroom includes a stylish ensuite bathroom, while the second bathroom is conveniently positioned for guests and everyday use.
At the centre of the home is a modern designer kitchen featuring stone benchtops, quality stainless-steel appliances, generous storage, and ample preparation space. Whether you enjoy cooking at home or entertaining friends and family, the kitchen connects seamlessly with the spacious living and dining area to create a highly functional everyday living environment.
Sliding doors open onto a covered balcony, providing the perfect place to enjoy your morning coffee, unwind after work, or simply take in the open outlook and fresh air.
Completed in 2024, the development offers residents access to an impressive range of resort-style amenities rarely found in apartment living. Residents can enjoy a heated indoor swimming pool, fully equipped gymnasium, private cinema, shared indoor dining and kitchen facilities, and beautifully maintained communal spaces designed for both relaxation and social gatherings.
The location is exceptionally convenient. Westfield Woden is only a short 5-minute walk away, offering major supermarkets, cafes, restaurants, retail shopping, and everyday essentials. The Woden bus interchange and future Stage 2 light rail terminus are approximately 10 minutes away on foot, providing easy access to the City and surrounding districts. Directly across the road, the Phillip Swimming Pool and Ice Skating Centre add even more lifestyle appeal.
Whether you are a first-home buyer, downsizer, professional couple, or investor seeking a modern apartment in a high-growth location, this is an outstanding opportunity to secure a quality property in the centre of Woden.
Key Features:
Two spacious bedrooms, two bathrooms, and one secure basement car space
Located on Level 6 within a near-new development completed in 2024
Northeast-facing balcony with beautiful natural light and mountain views
Functional floorplan with well-separated bedrooms for added privacy
Approx. 78sqm of internal living space plus covered balcony
Master bedroom with private ensuite
Built-in wardrobes in both bedrooms
Modern kitchen with stone benchtops and quality stainless-steel appliances
Spacious open-plan living and dining area
Reverse cycle air conditioning
European-style laundry
Secure building access with lift access
Indoor heated swimming pool, gym, cinema, shared kitchen and dining facilities
Only a 5-minute walk to Westfield Woden
Approximately 10 minutes' walk to Woden bus interchange and future light rail
Across from Phillip Swimming Pool and Ice Skating Centre
Property Details:
Living area: 78m²
Balcony: 8m²
Council rate: $465 p/q (approx.)
Strata: $1,233 p/q (approx.)
Land tax: $533 p/q (approx.) (investor only)
Disclaimer:
While all care has been taken to ensure the accuracy of the information contained herein, Ruiz Property does not accept responsibility and disclaims all liabilities for any errors, omissions, inaccuracies or misstatements. All information provided is approximate only and should not be relied upon as a basis for making any formal decisions. Interested parties are advised to conduct their own enquiries and seek independent legal and financial advice.
Please note that the property may continue to be marketed and inspections may continue until contracts have been exchanged.
Listing description written by Eric Fan, Ruiz Property Management — reproduced as published, not verified by Districts.