Auction - Sunday 23 November 2025 | On-site 11:00 am
A rare dual-income property with options for every buyer.
Situated on an 817 m RZ1 block, 213 Badimara Street offers two separately metered, fully approved residences with the potential to subdivide and unit-title (STCA).
Generating around $75,000 per annum in conventional rent - or up to $100,000 gross via Airbnb - this property delivers both cash flow and flexibility in one of Weston Creek's most stable suburbs.
But Isn't Property Investment Dead in Canberra?
Rental prices for freestanding dual-income homes are expected to surge over the next five years. Changes to ACT Government policy have caused a planning and approvals gridlock, drastically reducing the number of new detached dwellings being built. This comes at a time when the ACT Government projects the population of the Australian Capital Territory (including Canberra) will grow by around 8,000 people per year on average over the coming decades. In the 2024-2025 financial year, fewer than 700 freestanding homes were approved or constructed across the ACT - one of the lowest figures on record.
While there is an oversupply of units and townhouses, especially in the inner city and town centres, there is an acute shortage of compliant freestanding homes that meet AS 4299 (Adaptable Housing) and Livable Housing standards. These homes are increasingly sought after by families, downsizers, and long-term tenants seeking accessibility and flexibility - a segment of the market where demand far exceeds supply.
According to SQM Research (October 2025), the median weekly rent for houses in Canberra is $763.85, with a vacancy rate of just 1.6 percent - one of the lowest in the country. This highlights the severe undersupply of quality detached homes and the strong competition among tenants pushing rents higher.
And while some bemoan Canberra's higher land taxes and rates, the benefit of a dual-income freestanding home is that you receive two rental incomes but only pay one set of rates and land tax. This combination of high yield, low holding costs, and limited future supply positions dual-income freestanding homes as one of the most resilient and high-performing property investments in the ACT.
This is why 213 Badimara Street, Fisher is such a standout investment - it offers two separately metered homes on one 800 sqm+ block, providing strong rental returns today and genuine subdivision potential for tomorrow. Because of its size, the property can be split into two titles (subject to DA approval) with only a minimal lease-variation charge, giving investors the option to further unlock equity and capital value over time.
A genuine opportunity to achieve 5-7% gross rental yields, claim depreciation on the 2022 build, and bank the subdivision potential for the future - all within one of Canberra's most tightly held suburbs.
So Why Sell?
Well, that's exactly what I asked the owners - and to be frank, my recommendation was don't. Where else are you going to find a better bricks-and-mortar investment for an SMSF or long-term portfolio?
Regardless, they're committed to selling on auction day. They've allowed ample time for buyers to complete their research, verify the data provided, and prepare with confidence. That's why we won't be accepting pre-auction offers - we want every buyer to have a fair opportunity to get their ducks in a row before auction day.
