Why JWLand's De Burgh apartments in Lyneham present an ideal investment opportunity
When it comes to apartment investing, one of the most important factors is securing a tenant.
To do so, apartments need to cater for the owner-occupier. Given the huge growth in the cost of rentals in the last three years, cookie-cutter apartments in a high-rise tower won't do.
At the same time, unit values have also jumped significantly across most parts of the country, which shows investors are not only reaping strong rents, but they're also netting a strong compound growth rate in the value of their investment.
One of the main factors in securing a tenant is supply v demand. Investors need to hit a spot where there's a lot of demand, ideally from a wide range of demographics, but also an area where there's less supply than demand.
JWLand, one of Canberra's leading builder developers, is currently developing De Burgh in Northbourne Village in Lyneham, a suburb north of the centre Canberra which is largely populated by young professionals, students, and growing families.
Lyneham's proximity to the city centre, coupled with local parks, wetlands, and a well-connected light rail service, makes it an ideal spot for those seeking convenience and an active suburban lifestyle.
Additionally, the area is near the Australian National University and various top-rated public schools, making it appealing for both students and families.
Investors have been attracted to the growth in Lyneham where the typical rental yield is five per cent, while unit growth rates average 5.8 per cent per annum over the past three years.
The median price for units has surged by 22.3 per cent in the past year, now standing at $608,000. Weekly rents in the area are robust, with median figures of $480 for one-bedroom apartments, $560 for two-bedroom apartments, and $750 for three-bedroom apartments.
These figures, along with a vacancy rate of just 1.9 per cent, indicate a strong and competitive rental market.
JWLand Development has already sold out Embark and almost sold out The Sullivan, the first two stages of Northbourne Village. The third and final residential release, De Burgh, is set to welcome new residents in the second half of 2025.
Boasting a central position in the Village, De Burgh is located just three kilometres from the city centre, placing future residents in a prime position to take in all Canberra has to offer.
Situated on Northbourne Avenue, just three kilometres from Canberra's city centre, De Burgh offers a range of one, two, and three-bedroom apartments, each light-filled with living areas connecting to outdoor spaces.
Buyers can opt in for various upgrades to enhance their living experience at De Burgh. There's the option to include an electric vehicle charger in a car spot, or add the Smart Lock system to your phone which gives control of who has the digital keys to the apartment and when they can use them.
Other features of De Burgh include energy-efficient inclusions, embedded network services, a landscaped central courtyard, a parcel locker system, and low-cost levies. For those who love to entertain, there's also a rooftop garden and residents' lounge room.
