For investors seeking guaranteed income, zero management burden, and a foothold in one of Canberra's strongest-performing northern suburbs, 2 Smorgon Street is a clear and compelling opportunity.
Leased through Defence Housing Australia until 28 August 2029, the property generates $745 per week in guaranteed rent, reviewed annually each 31 December. DHA continues to pay rent through any vacancy periods, and at lease end, the property is professionally refreshed through DHA's full make-good process before being returned to the owner. From there, the choice is entirely yours: sell into a strong market, move in, or lease privately.
Set in Forde, one of Gungahlin's most consistently in-demand suburbs, the location underpins the long-term investment case. Positioned moments from Forde Shops, Mulligans Flat Woodland Sanctuary, walking trails, and Burgmann Anglican School, with Gungahlin Town Centre minutes away, this is a suburb that continues to attract strong owner-occupier and tenant demand year after year.
The home itself is a well-maintained, single-level three-bedroom residence with a 5.5-star energy rating, ducted reverse cycle heating and cooling, a master suite with walk-in robe and ensuite, and FTTP NBN. A separate lounge, double garage, and low-maintenance surrounds round out a property that is as easy to hold as it is to recommend.
For eligible buyers, a DHA investment offers a combination of income certainty and hands-off ownership that is genuinely difficult to replicate. This is a straightforward, high-quality hold in a suburb with strong long-term fundamentals.
Please note: This property is on a fixed-term lease with DHA and cannot be occupied until after the lease expires.
DHA Lease Details:
- Lease start date: 29/08/2014
- Lease end date: 28/08/2029
- Rent: $745 per week, subject to annual review on 31 December each year
Features Overview:
- Single-level floorplan
- Close to Mulligans Flat Nature Reserve, Forde shops, and local schools
- NBN connected with FTTP
- Age: 13 years (Built in 2013)
- EER (Energy Efficiency Rating): 5.5 stars
Sizes (Approx):
- Internal living: 129.63 sqm
- Double garage: 35.01 sqm
- Portico: 7.14 sqm
- Total residence: 171.78 sqm
- Block size: 425 sqm
Inside:
- Open-plan family and dining area adjoining the kitchen
- Kitchen with ample bench space, appliances, and storage
- Separate lounge room at the front of the home
- Master bedroom with walk-in robe and ensuite
- Two additional bedrooms with built-in robes
- Main bathroom with bathtub and shower
- Separate toilet for convenience
- Dedicated laundry with external access
- Linen storage
- Double garage with internal access
- Ducted reverse cycle heating and cooling
Outside:
- Front porch entry
- Backyard with potential for entertaining or play
- Double garage with driveway parking
- Low-maintenance surrounds
- Close to Mulligan's Flat Nature Reserve and shops
Prices:
- Rates: $783.00 per quarter
- Land Tax (Investors only): $1431.49 per quarter
Construction Information:
- Flooring: Concrete slab
- External Walls: Brick veneer
- Roof Framing: Timber: Truss roof framing
- Roof Cladding: Colorbond roof cladding
- Window Glazing: Single glazed windows
- Wall Insulation: Thermal insulation value approximately R-2.0
- Roof Insulation: Thermal insulation value approximately R-4.0 with anticon roof blanket
Forde, a master-planned community, offers 11 main parks and 39 hectares of wetlands and nature reserves, all designed to encourage eco-friendly activity. Every home is conveniently located within 200 meters of a landscaped park, wetland, or nature reserve, with 29% of the suburb dedicated to green space.
Mulligans Flat Nature Reserve is rich in natural habitat, Indigenous history, and vibrant European heritage. It is one of the ACT's premier bird-watching spots, home to the rare regent honeyeater and Forde's own superb fairy wren. Along with nearby Goorooyarroo, these reserves shelter four native bird species, as well as rare shingleback lizards, echidnas, frogs, and various reptiles.
Inspections:
As this property is leased through Defence Housing Australia (DHA), all inspections are by appointment only. To arrange a suitable time, please contact us via email at jesssmith@stonerealestate.com.au.
Disclaimer: The material and information contained within this marketing is for general information purposes only. Stone Gungahlin does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.
