OFF MARKET

99/44-46 Macquarie Street
Barton ACT 2600

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 5468m2
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Property Details for 99/44-46 Macquarie St, Barton

99/44-46 Macquarie St, Barton is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 5468m2 and floor size of 62m2.

Building Type
Unit
Year Built
2018
Floor Size
62m2
Land Size
5468m2
Local Government
Canberra Central

Last Listing description (February 2020)

Positioned on the ground floor of the prestigious 'Governor Place' development, this near new one-bedroom home is a fantastic offering for an owner occupier or an investor.
The rental market in Barton is unique to the Canberra market as its one of only a few suburbs where there is more commercial property than residential. This means that there is a very strong flow of tenants looking to live here and walk to work. Given this popularity a property such as this can rent for as high as $500 per week unfurnished or $600 per week furnished.
For an owner occupier, there is still the same opportunity to walk to work, Lake Burley Griffin, Parliament House, Kingston, Manuka and a short ride to the CBD. What is nice to note however is that there is very little land left for development sites in Barton which means that properties such as this should get good growth over the next few years. Supply is the main thing that affects property prices in the ACT and here there is little to no opportunity for an influx within the local area.

The apartment itself is spacious inside and has fantastic finishes. The large courtyard would be ideal for entertaining or a small dog and opens directly onto the common gardens which means it is quiet and away from the street.
In summary:
Great investment opportunity due to high rate of return Large courtyard Little to no more development in Barton Walk to Lake Burley Griffin, Manuka, Russell Offices, Kingston & Foreshore Cycle to the CBD High quality development Storage cage

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Property History for 99/44-46 Macquarie St, Barton, ACT 2600

A timeline of how this property has performed in the market
  • 18 Dec 2019
    Listed for Sale Offers Above $449,000
  • 12 Oct 2017
    Listed for Sale $465,000+

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About Barton 2600

The size of Barton is approximately 2.1 square kilometres. It has 14 parks covering nearly 21.5% of total area. The population of Barton in 2011 was 1,186 people. By 2016 the population was 1,449 showing a population growth of 22.2% in the area during that time. The predominant age group in Barton is 30-39 years. Households in Barton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Barton work in a professional occupation. In 2011, 49.9% of the homes in Barton were owner-occupied compared with 46.1% in 2016.

Barton has 1,425 properties. Over the last 5 years, Houses in Barton have seen a 63.84% increase in median value, while Units have seen a 31.11% increase. As at 30 September 2024:

  • The median value for Houses in Barton is $4,653,427 while the median value for Units is $701,441.
  • Houses have a median rent of $650 while Units have a median rent of $595.
There are currently 7 properties listed for sale, and 9 properties listed for rent in Barton on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Barton.

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