50 Bunda Street, City, ACT 2601 | Property Value & History | OnTheHouse
 
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50 Bunda Street
City ACT 2601

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 697m2
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Property Details for 50 Bunda St, City

Building Type
Commercial
Land Size
697m2
Local Government
Canberra Central
Lot/Plan
CITY: Block 21, Section 35

Last Listing description (May 2017)

This high-profile and iconic building in Canberra is for sale by Expressions of Interest and presents an outstanding investment in an unprecedented core CBD location.
Fronting Bunda Street and the popular Garema Place retail strip, 50 Bunda Street is a fully-leased asset with a diverse mix of income derived through rental, signage and storage agreements. The property accommodates numerous retail, restaurant and commercial operators and features a number of long-standing Canberra businesses who have successfully operated from the building for 10+ years.
The WALE of approximately 4.25 years (by income) affords prospective purchasers the opportunity to add-value to the asset through renewal of impending lease expiries, or alternatively explore a long-term re-development upside given the premium location. The CZ1: Core Zoning and Crown Lease provides further inherent development rights, with no restrictions on the building GFA*.

The Canberra CBD is home to several major Commonwealth Departments and a significant volume of commercial and retail operators. The 49,000m Australian Tax Office headquarters and Canberra s largest retail Centre, the 123,000m Canberra Centre, are directly opposite 50 Bunda Street, making it an outstanding passive investment and long-term re-development opportunity with an unrivalled CBD position.
*subject to planning approval
NABERS Energy Rating N/A

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Property History for 50 Bunda St, City, ACT 2601

A timeline of how this property has performed in the market
Last Sold
$9,800,000
07 Apr 2017
Listed for Rent
$100k/w
27 Nov 2023
  • 14 Nov 2023
    Listed for Rent $26,000 / year
  • 07 Apr 2017
    Sold for $9,800,000
  • 25 Oct 2016
    Listed for Sale Not Disclosed
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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 3,374 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:

  • The median value for Houses in City is $443,348 while the median value for Units is $590,285.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 51 properties listed for sale, and 47 properties listed for rent in City on OnTheHouse. According to Cotality's data, 130 properties were sold in the past 12 months in City.

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© 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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