109/2-8 Akuna St, City is a 0 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1972. The property has a land size of 2306m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in February 2013.
*Viewed by private appointment unless advertised.
Positioned in the heart of Canberra City, 109/2 Akuna Street presents a rare low entry, high return opportunity.
Previously leased at $430 per week, this studio apartment represents a gross return of over 10% at the guide price. With the current tenancy concluding, investors have the flexibility to secure a new lease immediately and capitalise on strong CBD demand.
Offering approximately 56m of internal living plus a private balcony, the layout provides defined living, dining and study zones - a key advantage in the one bedroom market at this price point.
Features include:
- Full kitchen with stone benchtops and dishwasher
- Built in robes
- Spacious bathroom with bath
- Reverse cycle heating and cooling
- 6 Star EER
- Fully furnished option available
Residents enjoy access to an indoor heated lap pool, sauna, gym, tennis court and BBQ facilities - attractive inclusions for tenant appeal.
Set within walking distance to Canberra Centre, ANU, light rail and major employment hubs, this is a strategic CBD holding with strong rental fundamentals.
The size of City is approximately 1.4 square kilometres. It has 8 parks covering nearly 9.9% of total area. The population of City in 2016 was 4276 people. By 2021 the population was 4835 showing a population growth of 13.1% in the area during that time. The predominant age group in City is 20-29 years. Households in City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in City work in a professional occupation.In 2021, 36.30% of the homes in City were owner-occupied compared with 30.00% in 2016.
City has 3,372 properties. Over the last 5 years, Houses in City have seen a -51.66% decrease in median value, while Units have seen a 9.35% increase. As at 30 April 2026:
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