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Condo prices · D17

Hedges Park Condominium

Flora Drive · D17 · Outside central region · Condominium

The median sale at Hedges Park Condominium was $995,000 — $1,215 psf — across 177 transactions between Oct 2021 and Oct 2026. 99-year lease from 2010.

Median price
$995,000
177 sales in the window.
Median per sq ft
$1,215 psf
Median unit 872 sq ft.
Lease remaining
83 years
99-year lease from 2010

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$999
$995,000 over 83 years remaining.
Per sq ft per year
$13.75
What a square foot of this development costs for one year of lease.
Lease expires
2109
16 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

The median moved up 26 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 202121 sales$1004
  • 202243 sales$1068
  • 202324 sales$1208
  • 202427 sales$1243
  • 202542 sales$1280
  • 202620 sales$1268
Show the figures
YearMedian pricePer sq ftSales
2021$825,000$1,004 psf21
2022$875,000$1,068 psf43
2023$1,069,000$1,208 psf24
2024$1,125,000$1,243 psf27
2025$1,116,250$1,280 psf42
2026$1,049,000$1,268 psf20

What it rents for

URA’s median of rental contracts lodged at Hedges Park Condominium in 2026Q3, per square foot per month.

Median rent per sq ft
$4.38
A month. Middle half of contracts ran $3.99 to $5.16.
Gross yield
4.32%
A year of median rent against the median sale price.
Median sale per sq ft
$1,215 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 D17

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.