Geocon Group

Canberra&rsquo;s largest property developer, Geocon Group has recorded a bumper financial year in residential property sales, exchanges and settlements, in spite of Covid-19.

The Group reported over 1000 sales for the 20/21 financial year, totaling $438.5 million. Additionally, the company achieved over 840 Settlements at a value of $385 million

There were 850 exchanges in off-the-plan apartments sales to the value of $372 million which will be settled by 2024.

Geocon Group&rsquo;s Managing Director Nick Georgalis, who founded the company in 2007, said the Group was tremendously pleased with the sales results which indicates the strength and appeal of the Canberra market, particularly with investors who made up 70 per cent of sales.

&ldquo;We have seen record sales in the past 12 months for apartments and the market should see the same increases in value for apartments over the next 12 months that we have seen in housing over the past 12,&rdquo; he said.

[smartcode_project:default project_id=29898 project_image_fid=170970]

Mr Georgalis said he put down Geocon&rsquo;s success to several key factors, apartment pricing being attractive to investors, strong rental yields in Canberra&rsquo;s stable rental market and strong capital growth.

&ldquo;Canberra is currently the strongest performing market nationally, returning rental yields and capital growth of eight per cent, respectively,&rdquo; he added.

This was up from 325 apartments worth $141 million the previous financial year &ndash; despite enduring the pandemic and the various patches of state-wide lockdowns across the country in that period.

[smartcode_project:default project_id=95099 project_image_fid=169112]

In the coming financial year Geocon is focusing on sales at&nbsp;its multi-staged master-planned community, WOVA which comprises 797 apartments built across four buildings.

The development will also incorporate a 53-room hotel, 2415 sqm of retail space, lap pool and sauna, resident&rsquo;s private cinema, co-working spaces, contemplative rooftop terrace, fitness studio, bar club lounge, and Chef&rsquo;s kitchen and dining room.

The precinct amenity will further include alfresco restaurants and cafes, 3,370 sqm of landscaped gardens and a four-level basement carpark for 1000 car spaces.

Sales at the development has been strong with 255 sold in stage one since launching&nbsp;in March this year.

Geocon currently has in excess of 950&nbsp;active apartments currently or soon to be constructed with further projects in future planning.&nbsp; 
Current projects include:

<ul>
	<li>WOVA (797 apartments) in Woden Valley,</li>
	<li>Nightfall (334 apartments) in Belconnen,</li>
	<li>Aspen Village (622 apartments),</li>
	<li>Metropol (552 apartments),</li>
	<li>The Establishment (290 apartments) and</li>
	<li>High Society (542 apartments) which recently settled.</li>
	<li>Grand Central Towers (430 apartments) which recently settled.</li>
</ul>

A total of 2,595 apartments are due to be delivered by late 2024.

[smartcode_project_cta: project_id=95099]

Canberra’s largest property developer, Geocon Group has recorded a bumper financial year in residential property sales, exchanges and settlements, in spite of Covid-19

jordan_55689

Canberra's largest property developer Geocon Group reveals 20/21 FY success story

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Midnight is an urban oasis that never sleeps. Moody, seductive and always surprising.

Comprising 250 apartments and a 199-room hotel, Midnight features a selection of new studio, 1, 2 and 3-bedroom apartments and the rare opportunity to call a top-floor private penthouse with rooftop terrace, home.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/midnight-1-elouera-street-braddon" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/midnight-92-northbourne-avenue-braddon-f05814226421017bcccf71d757ef31e8.jpg?itok=gSvn9IiJ" style="width: 580px; height: 435px;"></a></figure>The residence’s exterior facades deliver two rich facets of modern Canberra seamlessly in one extraordinary design. Located within Braddon, Midnight exudes the same intoxicating creative energy of the iconic Lonsdale Street, with a creative facade standing bold against the streetscape.

With an exclusive lounge and executive area for penthouse residents, double glazing, SMEG appliances and state-of-the-art offerings, Midnight puts you within moments of every imaginable amenity.

1-minute walk to Lonsdale Street cafes and Braddon bars and restaurants.

5-minute walk to the Canberra CBD

<figure><a class="colorbox colorbox-insert-image" href="/buildings/midnight-1-elouera-street-braddon" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/midnight-92-northbourne-avenue-braddon-257160addc05137c730b2bfb1f49cd31.jpg?itok=JsQv-RAu" style="width: 580px; height: 435px;"></a></figure>Sharing amenities with a separate 199-room Midnight Hotel, the residences include a public restaurant and bar, gym and changing facilities. 

Other features include private cabanas and outdoor kitchen facilities overlooking a 25-metre lap pool with a cascading waterfall into reflection ponds. 

With an exclusive lounge and executive area for penthouse residents, SMEG appliances and state-of-the-art offerings, Midnight puts you within moments of every imaginable amenity. Located directly adjacent to the Elouera Street light rail stop, Midnight connects you to all that contemporary Canberra has to offer.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/midnight-1-elouera-street-braddon" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/midnight-92-northbourne-avenue-braddon-925b918fc7aed9071e6aef0b35e552fd.jpg?itok=AqpRj9DV" style="width: 580px; height: 435px;"></a></figure>Midnight comprises 250 beautifully appointed studio, 1, 2, and 3-bedroom residences. 

One-bedroom, one-bathroom, 61sqm residences featuring private car space; 

Two-bedroom, two-bathroom, 71-108sqm residences premium finishes and extensive joinery plus fully integrated SMEG appliances;

Penthouse residences offering rooftop terraces and exclusive executive area;

Resident facilities include a 25-metre lap pool, outdoor entertaining areas, and a state of the art gym with change room facilities.

Living minutes from Braddon’s iconic Lonsdale Street, light rail stops, and Canberra’s CBD, Midnight presents a unique possibility for Canberra homebuyers and investors.  
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urban.com.au

Find the new standard for luxurious living in Braddon at Midnight

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Already one of the most thriving regions in Canberra, Belconnen sits in the midst of an unprecedented urban transformation. Republic presents arguably the highest-profile chapter of this continued evolution, with its unique blend of commercial, retail and entertainment offerings set to become a vibrant focal point for the new Belconnen.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/republic-6-grazier-lane-belconnen" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic-emu-bank-belconnen-a5e717c9bf2d0e64544a69db114ed450.jpg?itok=mGwh1BIy" style="width: 580px; height: 435px;"></a></figure>The Republic masterplan is built upon an unashamedly ambitious desire to reshape the very fabric of residential Canberra by challenging conventions and expectations. The result is a rich new definition of contemporary living that celebrates community and lifestyle, and overlays it with unrivalled value for money. Republic will boast Canberra’s most breathtaking assembly of private and public spaces, punctuated by five striking residential towers overlooking Lake Ginninderra.

Discover one of Canberra’s most extensive networks of bicycle and jogging paths. Enjoy watersports, skate parks and playgrounds. Or if you prefer, simply dangle your feet by the water’s edge, or watch the sunset from your private balcony.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/republic-6-grazier-lane-belconnen" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic-emu-bank-belconnen-34d071b8263b019d6f4d8c7b7b01b939.jpg?itok=-bcoONRL" style="width: 580px; height: 435px;"></a></figure>Radiating out from the bustling ground-floor plaza, you’ll discover a fascinating and ever-changing blend of amenities, restaurants, shops and public spaces, bringing the Republic community together on a daily basis. Republic is brimming with high quality inclusions. Each blends seamlessly, with a choice of three distinctly different interior design styles, offering matching finishes, coverings and appliances to suit your ideal mood and lifestyle. Immerse yourself in delightful appointments, from the bedroom to the bathroom, and everywhere in between.

An intentionally-fluid design philosophy means you are the driving force behind what happens on the inside of your new home, with a flexible choice of premium quality interior apartments and finishes.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/republic-6-grazier-lane-belconnen" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic-emu-bank-belconnen-f784f3bb464f3a96188a1f0827ef4d1c_2.jpg?itok=DktMv_tz" style="width: 580px; height: 435px;"></a></figure>
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 Unique blend of commercial, retail and entertainment offerings at your doorstep

Geocon Group

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