Adelaide at a glance
22,705
People
$1,150,000
Median sale
$449/wk
Median rent
2.03%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
$720,790
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
$720,790
Asking
No recorded sale for this property.
Adelaide at a glance
22,705
People
$1,150,000
Median sale
$449/wk
Median rent
2.03%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Adelaide
-37.3%
Median sale
Suburb $1,150,000
+1.21 pp
Gross yield
Suburb 2.03%
Suburb median $1,150,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$44,666 on top of the price (6.2% 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: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Adelaide'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
SAPlanning 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. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $449/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. This lot’s own applications are a separate question. 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 3.2%. 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. This lot’s own applications are a separate question.
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. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
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
Adelaide at a glance
22,705
People
$1,150,000
Median sale
$449/wk
Median rent
2.03%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Adelaide CityBest Offers By Monday 07/09/2026 Unless Sold Prior
Positioned within the highly regarded Ergo complex, this beautifully presented apartment offers a refined take on inner-city living, combining generous proportions, elegant simplicity and a highly functional floorplan.
The sense of space is immediately apparent. A generous open-plan living and dining domain forms the heart of the home, providing ample room for a full lounge and dining setting while retaining an inviting sense of openness. Floor-to-ceiling glazing draws natural light throughout, with sliding doors extending effortlessly to the private balcony beyond.
The kitchen is intelligently integrated while retaining its own defined workspace, creating an easy connection with the living and dining areas without compromising the sense of space. Contemporary cabinetry, quality appliances and excellent storage provide a clean and functional setting for everyday living and entertaining.
Accommodation is thoughtfully separated from the main living zone, with both bedrooms offering excellent proportions and built-in robes. The main bedroom enjoys the added privacy of a dedicated ensuite, while a second bathroom serves the remainder of the home - an exceptional level of functionality for a two-bedroom apartment, offering valuable flexibility for owner-occupiers while enhancing the apartment's appeal to investors.
A European-style laundry further enhances the home's practicality, while reverse-cycle air conditioning provides year-round comfort.
Beyond the apartment itself, residents enjoy the security and convenience of a well-maintained complex, complemented by lift access, secure entry and landscaped communal spaces.
What We Love:
- Generously proportioned two-bedroom apartment
- Expansive open-plan living and dining with dual-layer roller blinds
- Seamless connection to private balcony
- Contemporary kitchen with quality appliances and excellent storage
- Both bedrooms with built-in robes
- Main bathroom plus private ensuite
- European-style laundry
- Reverse-cycle air conditioning
- Secure undercover car park
- Secure intercom and lift access
- Landscaped communal courtyard
Positioned within Adelaide's vibrant south-west CBD precinct, Ergo places the best of the city within easy reach. The Adelaide Central Market and Gouger Street sit moments away, bringing fresh produce, celebrated dining, cafés and Chinatown's vibrant food culture effortlessly into everyday life.
The surrounding parklands provide a welcome retreat from the energy of the city, while nearby tram and bus connections offer effortless access across Adelaide and towards the coastline. Universities, Rundle Mall, King William Street and the city's cultural and entertainment precincts are all conveniently close.
With its generous proportions, excellent separation and enviable position, 104/23 Frew Street offers a sophisticated city residence where everyday convenience meets genuine comfort - a home designed to be lived in, not simply occupied.
Specifications:
CT / 6126/492
Council / City of Adelaide
Built / 2013
Council Rates / $2,076.35 p.a approx.
Strata Rates / $1,323.00 p.q approx.
Carpark Strata Rates / $164.00 p.q approx.
SA Water / $191.85 p.q approx. (Supply + Sewerage)
Strata Manager / Best Strata & Whittles
*All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.
Listing description written by William Fan, Harcourts Adelaide City — reproduced as published, not verified by Districts.