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 › Corinna St
$535,000
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
$535,000
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
-16.4%
Median sale
Suburb $640,000
+0.71 pp
Gross yield
Suburb 3.57%
Suburb median $640,000 from 7 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
$17,108 on top of the price (3.2% 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: 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 4.3%. 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 Irwin PropertySet within The Melrose, a landmark development by DOMA Group and designed by Stewart Architecture, this stylish north-facing apartment blends contemporary design, quality construction and resort-style living in the heart of Woden. Thoughtfully designed, this two-bedroom residence offers an excellent opportunity for first-home buyers, downsizers and investors seeking comfort, convenience and premium amenities in a highly connected location.
THE HOME
Filled with natural light, the open-plan living and dining area creates an inviting space to relax and entertain, flowing seamlessly onto a private covered balcony with a desirable north-facing aspect. At the heart of the home, the contemporary kitchen combines style and functionality with stone benchtops, generous bench space and quality SMEG appliances including an oven, cooktop and dishwasher.
The spacious main bedroom features a large mirrored built-in robe and private ensuite, while the second bedroom also includes a built-in robe and easy access to the sleek main bathroom.
Comfort has been carefully considered throughout, with ducted reverse-cycle air conditioning, double-glazed windows, double roller blinds and an efficient European style laundry.
Residents of The Melrose enjoy exclusive access to an impressive range of resort-style amenities including a heated pool, well equipped gym, residents' lounge and adjoining garden terrace plus an entertaining terrace with BBQ and panoramic views.
THE LOCATION
Perfectly positioned in the centre of Woden, The Melrose places shopping, dining, entertainment and everyday conveniences right at your doorstep.
Westfield Woden, local cafés, restaurants, supermarkets, the new CIT and major employers are all within easy walking distance, while the nearby Woden Interchange provides convenient public transport connections to The Canberra Hospital and Canberra City.
Whether commuting to work, meeting friends for dinner or enjoying a weekend coffee, this location delivers exceptional convenience and lifestyle appeal.
FROM THE SELLERS
We purchased at The Melrose off the plan because of the quality of the development, outstanding resident amenities and its central Woden location. The thoughtful design, resort-style facilities and strong reputation of the developer set it apart from other options at the time. The convenience of having shops, cafés, restaurants, public transport and major employment hubs within walking distance has always been a key attraction. With significant investment and future light rail planned for the area, we have also been confident in the long-term appeal of the location.
HIGHLIGHTS
As new north-facing apartment in The Melrose
Main bedroom with ensuite and mirrored built-in robe
Open-plan living and dining area
Private covered balcony
Spacious kitchen with stone benchtops and SMEG appliances
Mitsubishi ducted reverse-cycle air conditioning
Double-glazed windows throughout
Double roller blinds
European style laundry
Secure basement car space and storage cage
Well equipped gym
Bicycle storage room
Heated swimming pool
Residents' lounge and adjoining garden terrace
Rooftop entertaining terrace with BBQ and panoramic views
Walk to Westfield Woden, cafés, restaurants, supermarkets, CIT and major employers
Close to Woden Interchange for easy access to The Canberra Hospital and Canberra City
DETAILS
Level: 6
Living: 74m²
Balcony: 9m²
Total: 83m²
Current rent: $631.73 per week
Lease: Fixed term expires 28 March 2027
Strata: $886 per quarter
Rates: $453 per quarter
Land tax: $519 per quarter (if rented)
EER: 6.0
All figures are approximate
For further details, please contact Jonathan Irwin by calling 0421 040 082 or by email jonathan@irwinproperty.com.au.
Disclaimer: Irwin Property and the vendor cannot warrant the accuracy on the information provided and will not accept any liability for loss or damage for any errors or misstatements in the information. Some images may be digitally styled/furnished for illustration purposes. Images and floor plans should be treated as a guide only. Purchasers should rely on their own independent enquiries.
Listing description written by Jonathan Irwin, Irwin Property — reproduced as published, not verified by Districts.