Belconnen

Geocon, once again partnering&nbsp;with the renowned team at architecture giant Fender Katsalidis, is offering the final apartments in their Republic precinct in Belconnen.

It follows closely on the heels of three already successful residential developments in the masterplan, Republic, High Society and Dusk.

Already one of the most thriving regions in Canberra, Belconnen&nbsp;is one&nbsp;of the original eighteen districts of the Australian Capital Territory.

&ldquo;The Republic master plan is built upon an unashamedly ambitious desire to reshape the very fabric of residential Canberra by challenging conventions and expectations,&quot; Geocon advise.

[smartcode_project:default project_id=29898 project_image_fid=170970]

&quot;The result is a rich new definition of contemporary living that celebrates community and lifestyle, and overlays it with unrivalled value for money.

&quot;Republic will boast Canberra&rsquo;s most breathtaking assembly of private and public spaces, punctuated by five striking residential towers overlooking Lake Ginninderra.&rdquo;

Located around&nbsp;seven&nbsp;kilometres&nbsp;to the north-west of the CBD, Nightfall&nbsp;is&nbsp;less than five&nbsp;minute walk to bus stops on Cameron Avenue and Emu Bank Drive, or the Belconnen Interchange.

The artificially created&nbsp;lake,&nbsp;Lake Ginninderra, is right at the doorstep, as is the&nbsp;Canberra International Sports and Aquatic Centre and Canberra Labor Club.

[smartcode_project:default project_id=29898 project_image_fid=170968]

The Republic itself already plays host to a number of dining options, including&nbsp;No.10 Restaurant + Bar Belconnen, Chatterbox Espresso Bar and Moon Restaurant, while outside of the precinct are the likes of the popular&nbsp;Bella Vista Restaurant, Benjamin&#39;s, Black Pepper, L&#39;Artista, and Ruchi.

Convenience continues, with Westfield Belconnen just a block away.

Nightfall is also a short drive from the Calvary Private and Public Hospital Bruce and the main University of Canberra campus, fulfilling medical and educational needs.

[smartcode_project:default project_id=29898 project_image_fid=170974]

Belconnen High School,&nbsp;St. Vincent&#39;s Primary School, Macquarie Primary, Canberra Highschool and Radford College are also close-by.

The focus for Nightfall was one of variety, with no less than 30 different floor-plan configurations available for buyers.&nbsp;

The 22-storey Nightfall comprises 334 one and two bedroom apartments with 12 retail and commercial spaces located in the building itself. There are 12 one-bedroom floor-plans and 18 two-bedroom plans.

[smartcode_project_cta: project_id=29898]

Belconnen is in the midst of a multibillion dollar urban transformation of which Republic merely plays a part, Nightfall is an interlinked part of this new blend of commercial, retail and entertainment offerings.



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The best until last: How Geocon's Canberra apartments Nightfall fit in to their Republic precinct in Belconnen

Nightfall is a residential haven, offering 334 architecturally-designed apartments, private entertaining space and outdoor amenities. Located in the fast growing Belconnen district, Nightfall features a selection of new one and two-bedroom apartments over 22 levels.&nbsp;Set within an established urban precinct, the residences are the third and final stage of Geocon&rsquo;s Republic project, offering retail opportunities at the Belconnen Town Centre and natural surrounds towards the Emu Bank precinct.&nbsp;

[smartcode_project:default project_id=29898 project_image_fid=169810]

Overlooking Lake Ginninderra, Nightfall is perfect for private entertaining, complete with a barbecue area, chef&rsquo;s kitchen and private dining room on level two. Other features include 12 new retail opportunities on the ground floor, trendy eateries, and exclusive facilities for residents. Designed by Fender Katsalidis, the residences include a private BBQ area, fully-equipped commercial kitchen, dining room and outdoor terrace within the exclusive private entertaining space on level two.&nbsp;

[smartcode_project:default project_id=29898 project_image_fid=169814]

Other features include the opportunity to choose from a selection of 30 floor plans for one and two-bedroom apartments across the 21 residential levels with varied options to suit every buyer.&nbsp; Nightfall puts you within moments of nature with views of Lake Ginninderra, with the convenience of city living. Located just two kilometres from a public transport interchange, Nightfall connects you to all that contemporary Canberra has to offer.

[smartcode_project_cta: project_id=29898]

urban.com.au

Belconnen - How Nightfall is spearheading Belconnen’s dynamic transformation

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A Belconnen, ACT mortgagee home has been sold for $295,000.
It was purchased off the plan in 2010 for $385,900 with construction completed in 2013.
The home was listed as a rental shortly after completion seeking $380 per week.
Located in the Altitude complex by Hindmarsh, it is one of 348 apartments spread across two buildings.
Set on 66 square metres, it features a 12 square metre balcony.
The apartment was previously listed in 2017 seeking $290,000 plus before being taken off market and relisted in August 2019.
Sandra Masters of LJ Hooker marketed the property in its latest campaign.
Situated at <a href="#" target="_blank">9/35 Chandler Street</a>, the abode comprises a one bedroom, one bathroom unit with one secure parking space.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median sale price for an apartment in <a href="https://www.urban.com.au/expert-insights/buying/21-belconnen-act" target="_blank">Belconnen</a> is $382,000 according to the latest CoreLogic data.
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Belconnen mortgagee apartment sold for $90,000 loss

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Geocon's latest development High Society almost sold out prior to public release, making High Society the best-selling project in Australia this year.
“We have sold 500 units with less than 10 percent of the stock remaining by day one,” Geocon Managing Director Nick Georgalis (pictured below alongside Mark Bouris) said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/7/6/Geocon%20dudes.jpg" alt="">
"That’s double the record of 250 that we sold in Grand Central Towers on a single night in February."
High Society’s two 27-storey glass towers at 113 and 100 metres will be Canberra’s tallest buildings and the third release in Geocon’s $1 billion Republic development. 
Construction on High Society has commenced with an expected completion date of September 2020 due to a Goldman and Sachs deal Geocon made.
This project will contain 541 apartments, 135-room Abode hotel, 500 public carparks in addition to resident parking, and retail and commercial offerings, set in the one-hectare Republic precinct in Belconnen.
The two glass towers of High Society are the ACT’s biggest construction project since Canberra International Airport.
In conjunction with the High Society launch, Georgalis announced that Geocon had sold more than 1200 apartments this year across all of his projects, more than half of the ACT’s annual sales.
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Geocon secures sales record at High Society development

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The Canberra home auction market has produced another robust winter result with the clear prospects of another strong spring selling season ahead, according to Domain.
Canberra recorded an auction clearance rate of 69.2 per cent over the three months ending August – the highest winter clearance rate recorded since 2009 and the fourth-highest on record.
The strong result was reported despite a record number of auctions with 694 homes listed over winter.
This was 75 more homes, or 12 per cent higher, than the previous record set over winter last year.
Canberra also reported a record-high winter median auction price of $687,500 which was 4.2 per cent higher than the median recorded over winter 2016.
Belconnen reported the highest winter clearance rate of all the Canberra regions with a strong 80.7 percent result, followed well behind by the Woden Valley with 69.6 per cent, Canberra central, 67.6 per cent, Tuggeranong, 66.3 per cent, Gungahlin, 65.2 per cent and Weston Creek with 50.0 per cent.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="102">
Region
</td>
<td valign="top" width="89">
Median price
</td>
<td valign="top" width="66">
Auctions
</td>
<td valign="top" width="96">
Clearance rate
</td>
</tr>
<tr>
<td valign="top" width="102">
Belconnen
</td>
<td valign="top" width="89">
$590,000
</td>
<td valign="top" width="66">
192
</td>
<td valign="top" width="96">
80%
</td>
</tr>
<tr>
<td valign="top" width="102">
Canberra Central
</td>
<td valign="top" width="89">
$968,000
</td>
<td valign="top" width="66">
143
</td>
<td valign="top" width="96">
67%
</td>
</tr>
<tr>
<td valign="top" width="102">
Gungahlin
</td>
<td valign="top" width="89">
$745,000
</td>
<td valign="top" width="66">
123
</td>
<td valign="top" width="96">
65%
</td>
</tr>
<tr>
<td valign="top" width="102">
Tuggeranong
</td>
<td valign="top" width="89">
$588,500
</td>
<td valign="top" width="66">
106
</td>
<td valign="top" width="96">
66%
</td>
</tr>
<tr>
<td valign="top" width="102">
Weston Creek
</td>
<td valign="top" width="89">
$683,500
</td>
<td valign="top" width="66">
59
</td>
<td valign="top" width="96">
50%
</td>
</tr>
<tr>
<td valign="top" width="102">
Woden Valley
</td>
<td valign="top" width="89">
$773,000
</td>
<td valign="top" width="66">
71
</td>
<td valign="top" width="96">
69%
</td>
</tr>
</tbody></table>
Belconnen also reported the highest number of winter auctions with 192 followed by Canberra central 143, Gungahlin, 123, Tuggeranong, 106, Woden Valley, 71 and Weston Creek with 59 auctions.
Canberra central recorded the highest median auction price over winter at $968,000, followed by Woden Valley, $773,000, Gungahlin, $745,000, Weston Creek, $683,500, Belconnen, $590,000 and Tuggeranong close behind with a median of $588,500.
Canberra is set to maintain its winter momentum though spring and continue as one of the nation’s strongest capital city housing markets.
Belconnen has the highest proportioned of rented properties in 2016 in metropolitan Canberra, according to a recent CoreLogic report.
The property data firm says that 62% of properties in the area were rented.
Below is the residential vacancy rates for Belconnen according to SQM Research.
<a href="https://www.propertyobserver.com.au/images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.38.28%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.38.28%20am.jpg" alt="">
However this is slightly lower than the 63% in 2006, but higher than the 55% in 2011.
Below is the implied property gross rental yield for Belconnen according to SQM Research.
<a href="https://www.propertyobserver.com.au/images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.39.07%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.39.07%20am.jpg" alt="">
A two bedroom apartment at<a href="https://www.realestate.com.au/property-apartment-act-belconnen-421919866" target="_blank"> 32/1 Playfair Place</a>, Belconnen (above) is available for $340 per week.
Another two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-act-belconnen-421645394" target="_blank">37/20 Beissel Street</a>, Belconnen (below) is available for $460 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/37_20%20Beissel%20Street.jpg" alt="">
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Belconnen

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