Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

ACT › Crace › Abena Ave

8/48 Abena Ave, Crace ACT 2911

For saleApartment

$399,000

For sale

Asking

1

Bedrooms

1

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $399,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $399,000(Listing record · 10 July 2026)
  • CalculationAsk is 58% below the Crace median recorded sale ($950,000, n=21, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Crace's advertised median rent ($460/wk), implied gross yield would be 5.99% — 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

$399,000

Asking

No recorded sale for this property.

Crace at a glance

4,821

People

$950,000

Median sale

$460/wk

Median rent

2.52%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Crace report →

Vs Crace

-58.0%

Median sale

Suburb $950,000

+3.47 pp

Gross yield

Suburb 2.52%

Suburb median $950,000 from 21 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$399,000
Stamp Duty (Australian Capital Territory)
$7,966
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
$411,162

$12,162 on top of the price (3.0% 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 Crace's advertised median rent — not a rent for this listing.

Net yield
4.49%
Annual cashflow (pre-tax)
$-2,813
Interest cover (DSCR)
0.86
Annual rent
$23,920
Operating expenses
$5,985
Loan amount
$319,200
Annual interest
$20,748
Gross yield
5.99%

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$399,000available10 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 $460/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 6.0%. 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

Crace in one glance

Crace at a glance

4,821

People

$950,000

Median sale

$460/wk

Median rent

2.52%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full Crace report →

Keep researching

  • Why Crace? Read the area thesis →
  • What else is on the market in Crace →
  • Other records on Abena Ave →

Listing material

Listed by Stone Real Estate Gungahlin

Ground floor and single level, opposite Crace shops

To arrange a viewing, please contact Hugo Mendez on 0421 349 916 or hugomendez@stonerealestate.com.au

Inspection access: Entry via the courtyard gate on Redruth Street, opposite the Crace shops.

Offering the privacy of your own street entrance and the convenience of apartment living, this beautifully refreshed ground floor residence presents an exceptional opportunity for first home buyers, downsizers and investors seeking a home that's ready to enjoy from day one.

Read the full description

Immaculately presented and thoughtfully updated throughout, every detail has been completed so you can simply move in and unpack. Freshly painted with brand new carpets, updated lighting, a stylish new bathroom vanity and a stunning kitchen island bench, the home feels bright, modern and welcoming from the moment you step inside.

The open plan living and dining area is filled with natural light and flows effortlessly to your own private entertaining courtyard. With low maintenance gardens and a separate street entrance complete with your own letterbox, it offers the feel of a private and single level townhouse.

The kitchen has been enhanced with a new island bench included, modern pull out mixer tap and generous pantry storage, creating a practical space for everyday living and entertaining. The spacious bedroom features a mirrored built in robe, while the oversized linen cupboard provides additional storage rarely found in one bedroom homes.

Positioned directly opposite the Crace Shopping Village and immediately beside a bus stop, you'll love being able to walk to Coffee Guru, The District restaurant, Superbarn,, Club Lime gym, Crace oval and plenty of walking trails, making everyday life incredibly convenient.

Whether you're looking for your first home, a quality investment or an easy care property to downsize into, this immaculate residence delivers the perfect combination of comfort, privacy and location.

Features Overview:

- Ground floor home with gated private street entrance

- Townhouse style living with your own courtyard and letterbox

- Double glazed windows

- Two side by side car spaces and two separate storage areas

- North facing living areas, plenty of natural light

- Single level floor plan

- Freshly painted interior

- Brand new carpet in the bedroom

- Brand new kitchen island bench included

- New kitchen pull out tap

- NBN Fibre to the Premises (FTTP)

- Energy Efficiency Rating: 6.0

- Built in 2014

Inside:

- Spacious open plan living and dining

- Modern kitchen with plenty of bench and storage space

- Kitchen appliances include Smeg gas cooktop and oven plus dishwasher and range hood

- Reverse cycle heating and cooling in the living area

- Generous bedroom with mirrored built in robe

- Bathroom with new vanity and recently resealed shower

- Updated bedroom lighting

- Large linen and storage cupboard

Outside:

- Private entertaining courtyard with low maintenance gardens

- Two secure ground floor car spaces

- Two ground floor storage spaces

- Separate street access via the courtyard for added privacy and convenience

Development Information:

- Name of development: Symmetry Apartments

- Strata management: Whittles Strata

- Number of apartments in the complex: 20

- Age: Built in 2014

Property Sizes (Approx.)

- Internal Living: 48sqm

- Courtyard size: 25sqm

- Total size: 73sqm

Prices (Approx.):

- Strata: $1066 per quarter

Crace is a contemporary, master-planned suburb in Canberra's Gungahlin region, renowned for its thoughtful design, strong community focus, and exceptional liveability. It has received national recognition as one of Australia's best master-planned communities, with around a quarter of the suburb dedicated to parks, playgrounds, and shared green spaces that encourage an active, connected lifestyle. Designed with walkability in mind, residents enjoy easy access to local shops, cafes, and recreational areas, while unique features such as the expansive community garden and innovative public spaces reflect its forward-thinking approach. Rich in both natural and cultural significance, with Aboriginal scarred trees and protected landscapes nearby, and close to quality schooling and amenities, Crace offers a modern lifestyle that is both sustainable, vibrant, and community-driven.

Inspections:

We are opening the home most Saturdays with mid-week inspections. However, If you would like a viewing outside of these times please email: hugomendez@stonerealestate.com.au

Disclaimer:

The material and information contained within this marketing is for general information purposes only. Stone Gungahlin does not accept responsibility and disclaims all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties make further enquiries.

Listing description written by Hugo Mendez, Stone Real Estate Gungahlin — 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.