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3 Bernacchi Street, Mawson

RZ2: SUBURBAN CORE · 911 m²

911 m² on RZ2 in Mawson. Two dwellings cost $77,000; three cost $97,750 — so the third one costs a quarter of what the second did.

Street View of 3 Bernacchi Street, Mawson
Google Street View — imagery captured May 2023. The property may have changed since. Imagery © Google
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The only RZ2 block in this batch, and the zone changes the question. On RZ1 the argument is whether a second dwelling pays for itself. On RZ2 it is where on the curve to stop.

911 m², nearly twenty-six metres of frontage, and 455 m² of gross floor area at a plot ratio of 0.5. The charge is $77,000 payable at two dwellings and $97,750 at three — so the second dwelling costs $77,000 and the third costs $20,750. That is the shape of the schedule, and it is why pricing the whole curve matters more than pricing whichever scheme a builder suggested first.

Unimproved value is $877,000, up from $856,000.

Whether three is right stops being a statutory question at that point and becomes a build and sales one: three dwellings inside 455 m² of floor area is three small ones. The charge stops being the binding constraint somewhere around here, and that transition is the thing worth understanding before you model anything.

The numbers

as at 1 September 2026
Zone
RZ2: SUBURBAN CORE
Block
911 m²
Frontage
25.9 m
Unimproved value
$877,000 2026

Lease Variation Charge DI2026-142

Dwellings LVC payable Per added dwelling
2 the scheme reviewed $77,000 $77,000
3 $97,750 $48,875
4 $135,375 $45,125

Missing Middle 50% remission applied. Eligibility turns on facts about the applicant as well as the block and must be confirmed with the ACT Revenue Office.

No view on the asking price here. What a block is worth depends on what you would build and what it costs you to build it — run it with your own numbers and the answer is yours rather than ours.

What has not been checked

These were not assessed. Their absence from the list above is not evidence of their absence from the site.

  • Contaminated land register
  • Airport noise contours
  • Registered easements and rights of way can end a project
  • Sewer and water mains — build-over
  • Crown lease purpose clause can end a project
  • Concessional lease status can end a project
  • Registered and regulated trees can end a project
  • Ground conditions and geotechnical risk
  • Solar access and overshadowing
  • Third-party objection and ACAT appeal

Read from the block on 1 September 2026 and not changed since. Indicative screening, not a valuation or a feasibility study.

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Before any of this matters, the site has to work

The licence, the charge and the planning pathway are all downstream of one question: is the block worth developing at all? Put an ACT address in and get the zone, the unimproved value, the Lease Variation Charge at two, three or four dwellings, and a verdict on the asking price.

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Figures as at 1 September 2026; page last reviewed 1 September 2026. Every figure here should be verified against the current instrument. This is a write-up of a block, not advice about a purchase; we are not connected with the seller or the agent, and nothing here is paid for. See how these are written, and how to correct one.

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