16 Causley Lane, Gungahlin, ACT 2912

16 Causley Lane, Gungahlin (Unit 2/45 Anthony Rolfe Ave)

This low-maintenance 1-bedroom townhouse was previously tenanted and is now estimated to lease for $450/week, delivering approx. $23,400 annually. It also has excellent potential as a short-term rental with projected income around $23,300 p.a., and a net return of approx. $17,500 after expenses.

Why this stands out:
• No strata fees - just simple building insurance.
• Eco-friendly, architecturally designed, with cathedral ceilings & north-facing deck.
• Reverse-cycle air con (new in 2023), NBN FTTP
• Just 250m to the tram, 200m to bus, and 24 mins to Civic
• 67m2; living area plus a 5m2; north facing deck.
• Single Carport 
• NBN FTTP
• Rates = $2,307.71 annually
• Land Tax = $2,858.57 annually

Short-Term Rental Financial Overview
• Average rate: $155* per night (including cleaning fees)
• Projected revenue: approx. $23,300*
• Occupancy Rate: 50% (61% other similar properties in Gungahlin)*
• Operating expenses: approx. $5,800*
• Net operating income: approx. $17,500*
• 15.9% increase between 1 night stay minimum (45.4%), and minimum 2 nights (29.5%)*

Please contact agent for full Report

Preferred Settlement: 30 days
Preferred Deposit: 10%

*Approximately
**Subject to ACT Planning & Land Authority approval