The Arden
Phoenix Road · D23 · Outside central region · Apartment
The median sale at The Arden was $1,848,000 — $1,803 psf — across 105 transactions between Aug 2023 and Nov 2025. 99-year lease from 2023, among others.
The Arden 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
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.
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 1 per cent a square foot between 2023 and 2025. The sale count beside each year is how much evidence that year rests on.
- 202347 sales$1787
- 202428 sales$1816
- 202530 sales$1797
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2023 | $1,304,000 | $1,787 psf | 47 |
| 2024 | $1,984,000 | $1,816 psf | 28 |
| 2025 | $2,135,000 | $1,797 psf | 30 |
What it rents for
URA’s median of rental contracts lodged at The Arden in 2026Q2, per square foot per month.
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 D23
- Narra Residences · $2,165 psf
- Sol Acres · $1,404 psf
- Midwood · $1,834 psf
- The Myst · $2,079 psf
- Inz Residence · $1,425 psf
- Kingsford . Hillview Peak · $1,435 psf
- Dairy Farm Residences · $1,696 psf
- The Hillier · $1,539 psf
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.