WOVA

Construction have recently started on WOVA, the latest project from Geocon, Canberra&#39;s largest residential developer.

Following the recent decision to reopen large-scale construction in the ACT, which delayed works that were projected for mid-2021,&nbsp;the $400 million project is Geocon&#39;s main priority following the near completion of it&#39;s Republic precinct of which Nightfall is the latest and final release.

The&nbsp;multi-staged master-planned community will&nbsp;comprises 797 apartments built across four buildings.&nbsp;WOVA will include a signature 24-storey tower on Launceston Street, a 16-storey building behind it fronting Furzer Street, a 12-storey building next to that and a&nbsp;12-storey building on the corner of Launceston Street and Melrose Drive.

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Short for WOden ReVAmped, the first apartments on offer are for those in the signature tower,&nbsp;home to more than just 271 apartments. It has&nbsp;701 sqm of retail space and five floors of amenity for residents, including a resort-style lap pool, a movie theatre, and resident&rsquo;s lounge, complete with a cocktail bar.

There are also dozens of cafes and eateries surrounding WOVA, beyond its own commercial and residential ground floor featuring eateries, cafes, boutique retail and convenience stores. Residents and visitors can stroll the&nbsp;more than&nbsp;3,000 sqm of landscaped gardens across the precinct.

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Designed by the award-winning&nbsp;Fender Katsalidis&nbsp;and Oculus Urban Design, WOVA apartments will feature large terraces and functional living areas. Buyers&nbsp;can choose from three different colour schemes.

The one-bedroom apartments benefit&nbsp;from the ACT government&#39;s recent scrapping of stamp duty for homes under $500,000,&nbsp;with prices starting from as low as $319,900.

Two-bedroom apartments start from $513,900, while three bedroom apartments begin at $1.25 million.

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WOVA is on track to meet it's schedule 2024 opening date following the ACT government's recent decision to re-open large scale construction

jordan_55689

Construction begins on Geocon's Canberra apartment development WOVA 

Recently we viewed&nbsp;the display home of a development positioned within the multi-billion-dollar regeneration precinct, known as old Woden Town Centre. With impressive local infrastructure upgrades and access to world-class amenities, Geocon's WOVA is proving popular among savvy buyers.&nbsp;

Take a look at our video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/1QAuUZcBgd8" title="YouTube video player" width="660"></iframe>

<h2>WOVA AT A GLANCE</h2>

Developer:&nbsp;<a href="https://www.urban.com.au/developers/geocon-group" target="_blank">Geocon Group</a>

Architects:&nbsp;<a href="https://www.urban.com.au/architects/fender-katsalidis-architects" target="_blank">Fender Katsalidis Architects</a>

Builder:&nbsp;<a href="https://www.urban.com.au/builders/geocon-group" target="_blank">Geocon Group</a>

Location:&nbsp;1 Launceston Street, Phillip ACT 2606

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Architecturally designed by Fender Katsalidis in collaboration with Oculus Urban Design, WOVA offers a masterfully interconnected community, with bespoke apartments perfect for both investors and owner-occupiers.&nbsp;

A collection of 1, 2 and 3 bedroom floorplans are selling now at Geocon's exciting new development, WOVA. The development features resort-style amenities including a swimming pool, private cinema and fitness studio.&nbsp;

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The kitchens feature SMEG electric ovens and ceramic cooktops with energy-efficient LED lighting.

Living areas are spacious, with reverse cycle air conditioning for optimum climate control. Adjoining balconies are expansive and offer the perfect spot to take in the stunning city vistas.&nbsp;

All bathrooms are stylish and modern, featuring bespoke joinery and elegant tiles.&nbsp;

Buyers can also choose from three colour schemes, spruce, ebony and ivory.

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To learn more about the apartments selling now at WOVA, request a call from a sales consultant via Urban today.

Olivia Round

Display Tour Video: WOVA by Geocon in Phillip, ACT

The four-tower apartment development WOVA in Phillip&rsquo;s Woden Valley, located at the heart of a vibrant new urban village in Canberra&rsquo;s rapidly awakening centre.

Developed by Canberra&rsquo;s largest developer Geocon, WOVA is part of the next wave of ACT&rsquo;s multi-billion dollar regeneration project.

It will play host to a revitalised residential and mixed-use community precinct, set for completion in 2024.

The roughly 800 apartment development will feature a collection of one, two and three-bedroom apartments with ultra-convenient transport connectivity and abundant amenity.

[smartcode_project:default project_id=7947 project_image_fid=186452]

There are dozens of cafes and eateries surrounding WOVA, beyond its own commercial and residential ground floor featuring eateries, cafes, boutique retail and convenience stores.&nbsp;

There&#39;s over 3,000 sqm of landscaped gardens across the precinct for residents to stroll through.

Dining establishments a short stroll away include Belluci&rsquo;s, Turkish Pide House and Au Lac Woden Vegan Cuisine to name a few, as well as those in the Westfield Woden, a five minute walk down Nelson Drive.

The Phillip swimming and ice skating center is nearby, as is Phillip Oval, the popular Escape Room Canberra and not far is the National Museum of Australia.

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WOVA is conveniently close to transit options from planes to trains and obviously automobiles, from the Canberra Airport as well as multiple nearby bus stops and just two minutes to the proposed stage 2 light rail.&nbsp;

All of which provide convenient access to Canberra&rsquo;s city centre just 10-15 minutes away.

WOVA residents have access to an onsite lap pool, fitness studio and gym, as well as working spaces that make work from home simple.

There is also a cinema available which residents can book for private use.

Residents also have access to a number of entertaining areas, featuring lounge and dining facilities, as well as a rooftop terrace.

[smartcode_project:default project_id=7947 project_image_fid=186451]

Designed by the award-winning Fender Katsalidis and Oculus Urban Design, WOVA &nbsp;apartments feature spacious balconies and functional living areas. While in the off the plan stage, residents can choose from three different colour schemes.

WOVA&rsquo;s one bedroom apartments are benefitting from the ACT government&#39;s recent scrapping of stamp duty. With prices starting from $319,900, they fall well within the $500,000 range specified.

Two bedroom apartments start from $513,900, while three bedroom apartments begin at $1,250,000.

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The ~800 apartment development will feature a collection of one, two and three-bedroom apartments with ultra-convenient transport connectivity and abundant amenity

Walking Tour: What’s within walking distance of Geocon’s WOVA in Phillip

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.

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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.

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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.

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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

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

Canberra&#39;s largest developer Geocon Group are continuing their Woden Valley&nbsp;precinct WOVA, as part of the next wave of ACT&rsquo;s multi-billion dollar regeneration project.

WOVA, short for WOden ReVAmped, is set to host a revitalised residential and mixed-use community precinct, slated for completion in 2024.

The four-tower development will feature a collection of one, two and three-bedroom apartments with ultra-convenient transport connectivity and abundant amenity.

A number of WOVA apartments benefit from the ACT government&#39;s recent scrapping of stamp duty for off-the-plan apartments and townhouses up to $500,000 with the one-bedroom apartments falling into that bracket.

Urban has taken a look at WOVA and its apartments.

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<h2>1. Developed by the Canberra-based experts at Geocon Group</h2>

Since its establishment in 2007, Geocon has risen as Australia&rsquo;s fourth largest residential developer. The company has an annual turnover of $250-300 million and is now one of Canberra&rsquo;s most successful developers.

Geocon Group has 10 projects currently available for purchase including two Braddon projects, Midnight and Envie, as well as Belconnen&rsquo;s three-stage Republic. They are also working on the The Kingston Arts Precinct among others.

The company&rsquo;s philosophy is to create&nbsp;&ldquo;architecturally-stunning buildings that deliver a new standard of contemporary living.&rdquo;

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<h2>2. Designed by the experts from Fender Katsalidis and Oculus Urban Design</h2>

Designed by the award-winning Fender Katsalidis and Oculus Urban Design, WOVA &nbsp;apartments feature spacious balconies and functional living areas. While in the off the plan stage, residents can choose from three different colour schemes.

The apartments feature SMEG appliances and stone benchtops in the kitchen and custom joinery in the bathroom.&nbsp;

Fender Katsalidis has become the leading architecture practice in Australia since it was founded back in 1996. The now global firm is behind Australia 108 in Melbourne&rsquo;s Southbank, Herald apartments in Sydney&rsquo;s Newcastle, and a number of other ACT projects they collaborated with Geocon on, including High Society, Metropol and Nightfall.

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<h2>3. Revamped community in a sought-after location</h2>

Located at the heart of a vibrant new urban village in Canberra&rsquo;s rapidly awakening centre, WOVA is the beginning of a turning of a brand new page for Woden Valley.

There are dozens of cafes and eateries surrounding WOVA, beyond its own commercial and residential ground floor featuring eateries, cafes, boutique retail and convenience stores.

WOVA is in the geographic heart of Canberra, where convenience is within easy reach:

<ul>
	<li>5 minutes walk to Westfield Woden</li>
	<li>11 minute drive to Canberra City Centre</li>
	<li>14 minutes drive to Canberra Airport</li>
	<li>8 minutes drive to Lake Burley Griffin</li>
	<li>6 minutes drive to the Canberra Hospital</li>
	<li>2 minutes to Phillip swimming and ice skating center and Phillip oval</li>
	<li>2 minutes to the proposed stage 2 light rail</li>
</ul>

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<h2>4. Plenty of amenity</h2>

WOVA residents have access to an onsite lap pool, fitness studio and gym, as well as working spaces to make work from home simple, something especially important in COVID-troubled times.&nbsp;

There is also a cinema available which residents can book for private use.

Residents also have access to a number of entertaining areas, featuring lounge and dining facilities, as well as a rooftop terrace.

There&#39;s over 3,000 sqm of landscaped gardens across the precinct for residents to stroll through.

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<h2>5. Affordably priced apartments</h2>

One-bedroom apartments fall well within the new $500,000 stamp duty write-off bracket for off-the-plan apartments in the ACT.

Find out the pricing for each one, two and three bedroom WOVA apartment on the project listing.

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WOVA will host a revitalised residential and mixed-use community precinct set for completion in 2024

Five things Urban love about Geocon's WOVA apartments in Canberra

The ACT Government has scrapped stamp duty for off-the-plan apartments and townhouses up to $500,000.

The stamp duty abolition will apply to any buyer &ndash; first-home buyers, upgraders, downsizers and everyone else in between &ndash; who purchase off-the-plan, the territory government said.

Under these changes, anyone purchasing a newly built apartment or townhouse valued at $500,000 will save $10,360 in stamp duty.

The welcomed phase-out of stamp duty is effective from 1 July 2021.

This is great news if you are looking for the perfect property to purchase and benefit from the new stamp duty reforms.

Urban takes a look at five off-the-plan properties in the ACT listed for under $500,000.

1. WOVA, Phillip 
Developer: Geocon Group 
Two-bedroom apartments from $475,900

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Situated in Canberra&rsquo;s Woden Valley, WOVA by Geocon Group is set to redefine contemporary community living.

The four-tower development boasts a collection of one, two and three-bedroom apartments with unrivalled transport connectivity and abundant amenity.

Designed by Fender Katsalidis and Oculus Urban Design, WOVA features spacious balconies, functional living areas and is located at the heart of a multi-billion dollar regeneration project.

2. Marlu, Denman Prospect 
Developer: Core Developments 
Two-bedroom apartments from $429,900

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Settled amongst Denman Prospect&rsquo;s finest homes, Marlu presents one, two and three-bedroom dwellings.

Designed by Stewart Architecture, the development visually fits into the surrounding context, with northern frontage overlooking Molonglo Valley and Black Mountain.

The space is equipped with an outdoor pool, gym, and communal entertaining area, as well as a central garden which provides amenity, solar aspect and privacy.

3. Nightfall, Belconnen 
Developer: Geocon Group 
Two-bedroom apartments from $484,900

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The final stage of Geocon&rsquo;s Republic Precinct, Nightfall, is due to reach completion at the end of this year.

The 21-storey tower boasts one and two-bedroom apartments with 30 different floorplans to meet the needs of a variety of buyers.

Designed by Fender Katsalidis, Nightfall includes a private sky garden, fully equipped kitchen, residents&rsquo; dining room and an established ground-floor plaza with retailers, supermarkets, caf&eacute;s and restaurants.

4. Dawn at Founders Lane, Braddon 
Developer: JW Land Development 
One-bedroom apartments from $415,000

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Dawn occupies one of the most coveted positions in Canberra, located at the boundary of Civic and Braddon.

Founders Lane is set to bring a fresh new wave of life to the city centre with open flowing space and a fresh look.

Each one and two-bedroom apartment boasts access to a central courtyard, a rooftop garden, an abundance of natural light and a sense of calm and wellbeing.

5. The Brooke, Bruce 
Developer: AVANTUS 
Two-bedroom apartments from $455,000

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The Brooke includes 99 beautifully thought-out apartments in one and two-bedroom configurations.

Inspired to optimise the best of Canberra, the development is nestled between Belconnen and the City and boasts convenient access to medical, educational, sporting, retail, and commercial precincts.

Designed by JUDD.studio, the homes include traditional and futuristic elements, spacious backyards and balconies and a contemporary colour palette.

This ACT Government's stamp duty reform is great news if you are looking for a new off-the-plan property to purchase in Canberra.

WOVA

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