Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

ACT › Phillip › Bowes St

U2003, 15 Bowes St, Phillip ACT 2606

For saleApartment

$469,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $469,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $469,000(Listing record · 16 Jan 2026)
  • CalculationAsk is 27% below the Phillip median recorded sale ($640,000, n=7, last 24 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Phillip's advertised median rent ($440/wk), implied gross yield would be 4.88% — 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

$469,000

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.

See the full Phillip report →

Vs Phillip

-26.7%

Median sale

Suburb $640,000

+1.31 pp

Gross yield

Suburb 3.57%

Suburb median $640,000 from 7 recorded sales (last 24 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$469,000
Stamp Duty (Australian Capital Territory)
$10,346
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
$483,542

$14,542 on top of the price (3.1% 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 Phillip's advertised median rent — not a rent for this listing.

Net yield
3.38%
Annual cashflow (pre-tax)
$-8,543
Interest cover (DSCR)
0.65
Annual rent
$22,880
Operating expenses
$7,035
Loan amount
$375,200
Annual interest
$24,388
Gross yield
4.88%

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$469,000available15 Jan 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 $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.

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 4.9%. 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

Phillip in one glance

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.

See the full Phillip report →

Keep researching

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

Listing material

Listed by RNB Properties

Investor’s Heaven in Canberra’s Inner South

Positioned in the heart of Canberra’s highly sought-after Inner South, this modern two-bedroom apartment presents an outstanding opportunity for investors seeking immediate rental returns, long-term security, and strong future growth potential.

Currently tenanted at $600 per week, this property offers instant income from day one with excellent tenant stability and the potential for near positive gearing in one of Canberra’s most consistently performing rental markets.

Designed for low-maintenance living with a practical and spacious floorplan, this apartment combines lifestyle convenience, modern comfort, and strong investment fundamentals.

Read the full description

Whether you’re an experienced investor expanding your portfolio or entering the market for the first time, this is a smart, set-and-forget opportunity in a premium location.

Property Highlights:

Two generously sized bedrooms, including a master with ensuite

Light-filled open-plan living and dining area

Functional kitchen with ample storage and bench space

Private balcony, ideal for relaxing or entertaining

Well-appointed main bathroom plus ensuite

Practical layout with excellent separation of living and sleeping zones

Secure, low-maintenance apartment living

Single secure remote-controlled car space

Secure building with intercom and controlled access

Currently rented at $600 per week providing immediate income

Lifestyle & Location:

Enjoy the convenience of living moments from everything Phillip and Woden Town Centre have to offer:

Westfield Woden, cafés, restaurants and entertainment nearby

Easy access to public transport and major arterial roads

Close to Canberra Hospital, government offices and business hubs

Short drive to the Parliamentary Triangle and Canberra CBD

Parks, walking trails and recreational facilities close by

Its proximity to major employment hubs, transport, shopping, and lifestyle amenities ensures continued rental demand and long-term capital growth potential.

Perfect for:

Investors: Immediate rental income, strong tenant demand and near positive gearing potential

SMSF & Portfolio Buyers: A quality long-term asset in a blue-chip growth location

Property Information:

Living size: 66 sqm approx.

Balcony: 8 sqm approx.

Strata (Body Corporate): $1464.34 per quarter approx.

Rates: $456 per quarter approx.

Land Tax: $523 per quarter approx. (Investors Only)

Current Rent: $600 per week

EER: 6 Stars

Year Built: 2021

All figures are approximate.

For further details, please contact Raja Gupta by submitting an enquiry below or calling on 0452 326 613

Some photos have been virtually staged to showcase the home’s potential. We invite you to schedule a private showing and experience the space in person!

Disclaimer: RNB Properties has taken all reasonable care in the preparation of this advertisement to ensure the information contained herein is true and correct; however, no representation or warranty is made as to the accuracy, reliability, or completeness of the information. Interested parties should rely on their own enquiries and investigations in relation to the property and any information provided. RNB Properties accepts no responsibility and disclaims all liability for any errors, omissions, inaccuracies, or misstatements contained in this advertisement.

Listing description written by Raja Gupta, RNB Properties — 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.