30 Northbourne Avenue, City, ACT 2601 | Property Value & History | OnTheHouse
 
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30 Northbourne Avenue
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 201m2
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Property Details for 30 Northbourne Ave, City

Building Type
Commercial
Land Size
201m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 16, Section 48

Last Listing description (August 2024)

30 Northbourne Avenue presents the ideal investment opportunity within the nation's capital. Situated in one of Canberra City's most iconic and architecturally designed, Sydney Building, the location offers its tenants the luxury of a high-traffic, well-visited and popular destination. The split tenancies - ground and first floor - are fully tenanted with long term leases in place, both with options to extend.

The history, location and investment of the property lends itself to being a golden opportunity for a smart and advantageous investor.

Key Property Features:

Current Net Rental: $178,654.00 + GST pa
Fully tenanted investment opportunity
Multiple years remaining with options
Located in the heart of Canberra, in the iconic Sydney Building
Ground floor = 176m*
First floor = 200m*
100% of Outgoings recoverable by tenants
High traffic area, great signage and brand exposure

Current Tenants:
Ground floor = Gaon Korean BBQ Canberra
First floor = The Brass Room Canberra City

*Approximately

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Property History for 30 Northbourne Ave, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$800,000
25 Feb 2014
Listed for Rent
$2.53k/w
16 Oct 2023
  • 28 May 2024
    Listed for Sale $2,950,000 excl. GST
  • 22 May 2023
    Listed for Rent $132,000 / year
  • 30 Jan 2023
    Listed for Rent $132,000 / year
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About City 2601

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 -20.84% decrease in median value, while Units have seen a 13.87% increase. As at 28 February 2026:

  • The median value for Houses in City is $626,572 while the median value for Units is $596,535.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 47 properties listed for sale, and 50 properties listed for rent in City on OnTheHouse. According to Cotality's data, 136 properties were sold in the past 12 months in City.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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