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Condo prices · D12

Airstream

St. Michael's Road · D12 · Rest of central region · Apartment

The median sale at Airstream was $720,000 — $1,522 psf — across 19 transactions between Dec 2021 and June 2026. Freehold.

Figures here are based on 19 sales.

Median price
$720,000
19 sales in the window.
Median per sq ft
$1,522 psf
Median unit 474 sq ft.
Lease remaining
Freehold
Freehold

Airstream saw two sales in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

What it costs per month of lease

Airstream is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021two sales$1496
  • 2022four sales$1428
  • 2023two sales$1524
  • 2024six sales$1542
  • 2025three sales$1562
  • 2026two sales$1639
Show the figures
YearMedian pricePer sq ftSales
2021$657,500$1,496 psf2
2022$622,500$1,428 psf4
2023$722,000$1,524 psf2
2024$880,000$1,542 psf6
2025$720,000$1,562 psf3
2026$665,000$1,639 psf2

What it rents for

URA’s median of rental contracts lodged at Airstream in 2024Q4, per square foot per month.

Median rent per sq ft
$5.45
A month. Middle half of contracts ran $5.26 to $6.38.
Gross yield
4.30%
A year of median rent against the median sale price.
Median sale per sq ft
$1,522 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D12

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.