Canberra’s property market is shaping up as a quiet achiever and predicted to rise by more than six per cent in 2019 according to a January report from research firm CoreLogic and Moody’s Analytics.
Until now this region hasn’t shown the explosive growth of Sydney and Melbourne, but a number of factors, including increased interest from overseas investors, are contributing to increased development.
Strong population growth is helping to underpin the ACT housing market, the report says, with rising public service employment and a high median income buffeting the region from market downturns.
CoreLogic’s head of research, Tim Lawless, said in the company’s 2019 Outlook report that housing values were expected to continue to grow, keeping pace with those of 2018. “Moving into 2019, jobs growth remains strong, unemployment is the lowest of any state or territory, migration is trending higher and wages growth across the public sector has been consistently stronger than the private sector,” he said. At the end of 2018, Canberra’s median apartment price was up 2.2 per cent to $440,813.
Buyers looking for a new apartment or townhouse in Canberra have a range of developments to choose from. We look at a few that offer sophisticated, carefree and convenient living in a variety of locations.
It’s a luxurious lifestyle at Aspen Village in Greenway surrounded by unspoilt nature on Canberra’s fringe. Come home to a heated infinity edge pool and relax with friends on the 2,200 square metre rooftop entertaining area with barbecue and dining facilities. Recharge in the Alpine Bathhouse with indoor-outdoor spa rooms and a 12-person sauna overlooking Lake Tuggeranong.
The one, two and three-bedroom apartments are designed with a dash of alpine chic. They have high-end appliances and fittings and offer a choice of two interior design schemes. The apartments are just minutes from the lake and South Point Shopping Centre, with sporting facilities and new bars and restaurants nearby. Canberra’s CBD is a 20-minute drive.
The contemporary townhouses that make up Parc Villas bring a fresh, sophisticated style to the well-established area of Belconnen. Designed for couples and families, the spacious, low-maintenance homes are brilliantly located close to Canberra High School, the university and the Canberra Institute of Technology. Shopping and amenities are moments away.
In the spacious interiors, the main bedroom is zoned on the ground floor with secondary bedrooms and another living area upstairs. Each villa has a large, private courtyard, a kitchen with stone benchtops and Bosch and Westinghouse appliances, double-glazed windows, heating and cooling.
Located in Dickson, one of Canberra’s most popular dining and entertainment precincts, Nova offers one, two and three-bedroom apartments with a shared gym and entertainment area, and views across the leafy inner-north and parks. A vast choice of retail, dining and sporting options are on the doorstep and the new light rail interchange is a short walk away.
The apartments are stylish, spacious and filled with light. Each one has premium Italian appliances and stone benchtops in the kitchens, Parisi bathroom fixtures, double glazing, heating, cooling and a washing machine and dryer.
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