5/63 Melba Street, Downer, ACT 2602 | Apartment for sale | OnTheHouse
 
FOR SALE
Price Guide Above $299,000

5/63 Melba Street
Downer ACT 2602

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 712m2
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Auction Time
Wed 1 Jul 6:00 pm
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No upcoming inspections scheduled.
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Leased Until March 2027 Collect the Rent While You Decide Whats Next

Auction Location: LJ Hooker Auction HQ, 182 City Walk, Canberra
Private Inspections Available By Appointment
The Apartment
Honest and functional, this is a practical one-bedroom layout on the second floor of a quiet eight-unit block. Reverse cycle heating and cooling, a car space, exclusive storage and an exclusive external laundry cover the essentials. It's been a reliable rental for years � and for the right buyer, that's exactly what they're looking for.
For those thinking longer term, there's scope to renovate at lease end and reassess the rent in line with the market at that time.
The Financials
Weekly rent of $410 with a lease secured until March 2027 provides immediate, stable income from day one.
The Location
Downer sits in one of Canberra's most convenient pockets - close to the Downer shops, Dickson, Watson, the light rail and the CBD. Inner north properties at this price point are increasingly hard to find, and rental demand in the area remains strong.
Features at a Glance
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Property Details for 5/63 Melba St, Downer

5/63 Melba St, Downer is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 712m2. The place is currently for sale with LJ Hooker Dickson.

Building Type
Apartment
Land Size
712m2
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About Downer 2602

The size of Downer is approximately 1.6 square kilometres. There are 10 parks, covering nearly 8.9% of the total area. The population of Downer in 2016 was 3662 people. By 2021 the population was 4296 showing a population growth of 17.3% in the area during that time. The predominant age group in Downer is 30-39 years. Households in Downer are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Downer work in a professional occupation.In 2021, 61.50% of the homes in Downer were owner-occupied compared with 57.30% in 2016.

Downer has 1,814 properties. Over the last 5 years, Houses in Downer have seen a 19.69% increase in median value, while Units have seen a 17.45% increase. As at 31 May 2026:

  • The median value for Houses in Downer is $1,209,326 while the median value for Units is $544,255.
  • Houses have a median rent of $720 while Units have a median rent of $530.
There are currently 12 properties listed for sale, and 4 properties listed for rent in Downer on OnTheHouse. According to Cotality's data, 83 properties were sold in the past 12 months in Downer.

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Chris Atlee
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LJ Hooker Dickson
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