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ACT › City › Bunda St

U703, 240 Bunda St, City ACT 2601

For saleApartment

$725,000

For sale

Asking

2

Bedrooms

2

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $725,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $725,000(Listing record · 25 Sept 2023)
  • CalculationIf it leased at City's advertised median rent ($550/wk), implied gross yield would be 3.94% — 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

$725,000

Asking

No recorded sale for this property.

City at a glance

5,361

People

No data

Median sale

$550/wk

Median rent

No data

Suburb gross yield

See the full City report →

Total cost to purchase

Purchase Price
$725,000
Stamp Duty (Australian Capital Territory)
$21,120
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
$750,316

$25,316 on top of the price (3.5% 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 City's advertised median rent — not a rent for this listing.

Net yield
2.44%
Annual cashflow (pre-tax)
$-19,975
Interest cover (DSCR)
0.47
Annual rent
$28,600
Operating expenses
$10,875
Loan amount
$580,000
Annual interest
$37,700
Gross yield
3.94%

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$725,000available25 Sept 2023

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 $550/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 3.9%. 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

City in one glance

City at a glance

5,361

People

No data

Median sale

$550/wk

Median rent

No data

Suburb gross yield

See the full City report →

Keep researching

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

Listing material

Listed by Cercis Property

Own your best life in the heart of Canberra city

Why pay rent when you can buy this apartment and moving in at a cheaper rate.<br> This apartment is currently vacant and ready to occupy or rent out. Live here at the Iconic award-winning building Manhattan on the Park, perfectly situated in the heart of Canberra City.

This two-bedroom unit, located within the Manhattan on the Park is a true testament to the architectural design prowess of Amalgamate group. As you enter the beautifully decorated lobby, you can see the pure mastery that went into the concept and construction of these complex.

The building is well-structured and designed to cater to anyone and everyone. They feature a range of convenient shared facilities including the phenomenal beautifully landscaped podium courtyard that spans the space out at level 3. Includes outdoor barbecue facilities and a dazzling infinity pool with a spa,BBQ area & a fully equipped high-quality gymnasium as well as luscious gardens and stunning views.

Read the full description

Upon entering your level size home, immediately you will see the backsplash and colour palette of the kitchen perfectly complements both the carpet of living room and the tiling within the kitchen space. An oven with a modern gas cooktop completes this beautiful kitchen package.

Gazing into the kitchen, you are hit with an air of luxury as the tiles perfectly complement the modern fixtures and appliances. With separate marble benchtops, you'll never struggle for room when prepping meals and the sink, dishwasher and drawers are conveniently located within the same bench space. A mix of large and medium sized cupboards provide ample room to store utensils and appliances. A modern oven and cooktop have been installed to make cooking as simple as possible.<br>Moving through to the bedroom, this bedroom is the perfect environment to chill out after work or on a weekend. Last but not least, the bedroom window provides a spectacular view of the surrounding area of gorgeous Canberra city skyline and the Ainslie mountain. Now, we make our way back through the living room to the amazing balcony. From this spacious, elevated, outdoor entertainment area you can sit back, relax and take in the view.

You'll be spoilt for choice with the closest property to the big apple in Canberra. With the Canberra city at your doorstep with shopping, restaurants, cafes and bars, working and leisure all at the top of the city has to offer, you will never find yourself without something to do. If you don't feel like venturing out, you will be able to enjoy the resort style facilities, just like having a time away within your own building.<br>Inspection is highly recommended, please contact Jane Yang on 0478 931 888 for further details and to arrange your private inspection.<br> <br> Summary of features:

• Located in the heart of Canberra

• Prestigious Manhattan complex

• Built by Amalgamate group

• Vacant ready for your immediate enjoyment

• Located on level 7

• NBN connection

• Voice and video intercom

• LED lights

• Double glazed windows and sliding doors

• Ducted reverse cycle heating and cooling

• Stone benchtop, fridge space and cupboard space

• Soft close cabinetry

• Stone benchtops with waterfall ends

• Bosch stainless steel appliances

• Built-in microwave

• Built-in robes

• Separate Laundry closet

• European laundry with dryer

• Bathroom and ensuite with designer fixtures

• Full-height tiling

• Indoor gymnasium with view

• Outdoor pool and spa with view

• Basement car parking and storage cage

• Communal outdoor BBQ and entertaining area

• Storage cage

• Lift access

• Intercom Access

• Mater bedroom with built-in robe and balcony access

• Ducted reverse cycle air conditioning

• 2.7m ceilings

• Internal size 88 sqm

• Balcony 17 sqm

• Land tax (investor only): $552.26 p.q.

• Rates: $475 p.q.

• Strata Admin: $1,034.74 p.q.

• Strata Sinking: $444.63 p.q.

<br> What's around.?

• Walking distance to the Australian National University & CIT

• Glebe Park

• Canberra Centre and main shopping district

• Canberra Casino

• Short stroll to Commonwealth Park and Lake Burley Griffin

• City Bus Interchange and Light Rail

*Covid-19 protocols in place.<br><br> *You must wear a fitted face covering at all times when attending open homes and/ or auctions subject in accordance with ACT Covid-19 protocols.<br> <br> In response to Covid-19, social distancing of 1.5m - 2m must be observed. Please practice good hygiene and refrain from entry if exhibiting any symptoms. We will collect the names + details of all attendees to allow for contact tracing if required.<br> As a result of this, the wait time to look through may increase and we ask attendees to be prepared for a slight delay and to factor this into your open home schedule. We would ask that only essential people come with you to open homes to limit large groups.<br><br>

Listing description written by Sue Supaphien, Cercis Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Intercom
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.