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Condo prices · D10

Leedon 2

Leedon Road · D10 · Core central region · Condominium

The median sale at Leedon 2 was $1,810,000 — $2,129 psf — across seven transactions between May 2022 and Jan 2026. Freehold.

Figures here are based on just seven sales, which is too few to call a market rate.

Median price
$1,810,000
seven sales in the window.
Median per sq ft
$2,129 psf
Median unit 840 sq ft.
Lease remaining
Freehold
Freehold

Leedon 2 saw one sale 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

Leedon 2 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.

  • 2022one sale$2028
  • 2023one sale$1984
  • 2024one sale$2183
  • 2025three sales$2129
  • 2026one sale$2255
Show the figures
YearMedian pricePer sq ftSales
2022$1,550,000$2,028 psf1
2023$1,580,000$1,984 psf1
2024$1,668,000$2,183 psf1
2025$2,360,000$2,129 psf3
2026$2,500,000$2,255 psf1

What it rents for

URA’s median of rental contracts lodged at Leedon 2 in 2026Q3, per square foot per month.

Median rent per sq ft
$4.81
A month. Middle half of contracts ran $4.43 to $5.05.
Gross yield
2.71%
A year of median rent against the median sale price.
Median sale per sq ft
$2,129 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 D10

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.