Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

ACT › Reid › Currong Street South

99/37 Currong Street South, Reid ACT 2612

For saleUnit

$595,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $595,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $595,000(Listing record · 17 June 2026)
  • CalculationIf it leased at Reid's advertised median rent ($430/wk), implied gross yield would be 3.76% — 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

$595,000

Asking

No recorded sale for this property.

Reid at a glance

2,063

People

No data

Median sale

$430/wk

Median rent

No data

Suburb gross yield

See the full Reid report →

Total cost to purchase

Purchase Price
$595,000
Stamp Duty (Australian Capital Territory)
$15,504
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
$614,700

$19,700 on top of the price (3.3% 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 Reid's advertised median rent — not a rent for this listing.

Net yield
2.26%
Annual cashflow (pre-tax)
$-17,505
Interest cover (DSCR)
0.43
Annual rent
$22,360
Operating expenses
$8,925
Loan amount
$476,000
Annual interest
$30,940
Gross yield
3.76%

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$595,000available17 June 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 $430/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 3.8%. 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

Reid in one glance

Reid at a glance

2,063

People

No data

Median sale

$430/wk

Median rent

No data

Suburb gross yield

See the full Reid report →

Keep researching

  • Why Reid? Read the area thesis →
  • What else is on the market in Reid →
  • Other records on Currong Street South →

Listing material

Listed by Hayman Partners

Character, Views and Fantastic Potential

Perfectly positioned within the sought-after Argyle Square complex, this charming two-bedroom apartment presents an exciting opportunity to secure a foothold in one of Canberra's most tightly held inner-city suburbs.

Freshly painted throughout and brimming with character, the residence offers comfortable living today while providing scope for future updates to truly make it your own. Whether you're a first home buyer, professional couple, investor or someone seeking a project in a premium location, the possibilities here are endless.

The light-filled living area opens onto a north-facing balcony, framed by distinctive lattice detailing that adds to the home's unique appeal. From here, enjoy a prized north-east outlook towards Mount Ainslie, with the heritage overlay of neighbouring Reid helping to preserve the view into the future.

Read the full description

The original kitchen remains tidy and functional, featuring a gas cooktop and ample storage, while two well-proportioned bedrooms provide comfortable accommodation. One bedroom enjoys direct access to its own private balcony, creating a peaceful retreat. A dedicated laundry, gas heating and private garage further enhance everyday practicality.

Located just moments from Canberra's city centre, Braddon, parklands and walking trails, this is a rare opportunity to secure a character-filled apartment in an exceptional location, with the chance to add your own style and value over time.

Key Features

- Two-bedroom apartment in the sought-after Argyle Square complex

- Located in the prestigious suburb of Reid

- Freshly painted throughout

- Excellent opportunity to renovate or personalise over time

- North-facing balcony off the living area

- Distinctive lattice framework detailing

- North-east views towards Mount Ainslie

- Heritage overlay protection helping preserve the outlook

- Original but tidy and functional kitchen

- Gas cooktop

- Spacious living area

- Gas heater in the living room

- Two well-sized bedrooms

- Private balcony access from one bedroom

- Dedicated internal laundry

- Private garage, with lighting and electricity

- Stairwell carpet replacement approved by Body Corporate

- Ideal for first home buyers, professionals, young couples and investors

- Close to the City, Braddon, parklands and walking trails

EER: 4.5

Living Area: 73.5m²

Balcony 1: 7.5m²

Balcony 2: 4.5m²

Body Corporate: $3,483 pa (approx. for the period 01/01/2026 - 31/12/2026)

Rates: $2,774 pa (approx)

Land Tax (if not the primary place of residence): $3,775 pa (approx)

Nearby

- Ainslie Primary School

- Campbell High School

- Dickson College

- Canberra Centre

- Australian National University

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

Also look at

Also for sale in Reid

  • U623, 81 Cooyong St, Reid ACT 2612

    2-bed apartment. Asking $555K.

    For sale
  • U903, 81 Cooyong St, Reid ACT 2612

    2-bed apartment. Asking $599K.

    For sale
  • U804, 1 Boolee St, Reid ACT 2612

    3-bed apartment. Asking $1.1M.

    For sale
  • 710/81 Cooyong St, Reid ACT 2612

    1-bed apartment. Asking $469K.

    For sale
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.