Canberra off the plan apartments

Veteran developer&nbsp;Morris Property Group has announced the release of Walter &amp; Whitley, its rare apartment development in Griffith, one of Canberra’s most sought-after areas.

Situated at 52 Leichhardt Street, <a href="https://www.urban.com.au/new-apartments/walter-whitley-52-56-leichhardt-street-griffith">Walter &amp; Whitley</a>&nbsp;will have 67 one, two and three-bedroom apartments across two four-level buildings designed by <a href="https://www.urban.com.au/architects/guida-moseley-brown-architects">Guida Mosely Brown Architects</a>.

The two buildings are deliberately separated to ensure that each residence benefits from natural light and privacy, while also offering views of the landscaped gardens and heritage trees that line the street.&nbsp;

[smartcode_project:default project_id=136296 project_image_fid=295072]

The apartments have been designed with spacious floorplans, providing a seamless flow between living, dining, and kitchen areas, extending to expansive balconies.

The kitchens are equipped with premium inclusions including a 40mm stone island bench and European Bosch appliances. Larger units also feature additional amenities such as a bar with a Vintec wine fridge and a walk-in pantry.

[smartcode_project:default project_id=136296 project_image_fid=295077]

Residents of Walter &amp; Whitley will be within walking distance of <a href="https://www.urban.com.au/developments/griffith-act-2603">Griffith</a>'s several key amenities including Old Kingston Shops, Manuka Terrace, and Fyshwick Fresh Food Markets, all within one kilometre.&nbsp;

The nearby Kingston Foreshore and Manuka Precinct further enhance the location's appeal, offering a variety of dining, leisure, and entertainment options within walking distance.&nbsp;

[smartcode_project:default project_id=136296 project_image_fid=295078]

One-bedroom apartments in Walter &amp; Whitley are priced from $599,900.

<a href="https://www.urban.com.au/developers/morris-property-group">Morris Property Group</a>&nbsp;is one of the most active developers in both Canberra and on the Gold Coast.

Recently they launched <a href="https://www.urban.com.au/new-apartments/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments on Jubilee Avenue.

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Residents of Walter & Whitley will be within walking distance of Griffith's several key amenities including Old Kingston Shops, Manuka Terrace, and Fyshwick Fresh Food Markets, all within one kilometre

Joel Robinson

Morris Property Group launch Walter & Whitley in Canberra's Griffith

Canberra's inner city suburb of Deakin is set for one of its most luxury apartment developments to date.

Plans have been filed for a mixed-use development including 53 apartments, a day spa, a club lounge, and a public art gallery at 38 Grey Street, Deakin, next to Canberra Girls Grammar School.

The site had previously been occupied by the Margaret Dimoff Art Gallery, and had been subject to a development application for a 102-bed aged care development in 2017.

The new plans, linked to an unknown developer with a registered address in Melbourne, align more closely with the site's proximity to Parliament.

<img alt="Embassy" data-entity-type="file" data-entity-uuid="a2454d3e-da0e-4ecd-ba93-9549d1b5008a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-14%20at%209.12.17%E2%80%AFAM.png?VersionId=5vi8Yyh50natyyPbuU8LUa1FnQ65FKlB" />

The development has been called Embassy Residences in the application and will span six levels.

&nbsp;

The apartment sizes are generous, starting from 160 sqm and ranging up to 600 sqm. There will be two, three and four-bedroom apartments on offer.

Designed by <a href="https://www.urban.com.au/architects/hugh-gordon-architects">Hugh Gordon Architects</a>, the building's orientation, form, and scale have been planned to enhance residential amenity while complementing the area's emerging built form.

Embassy Residences' design incorporates features such as physical stepping, architectural elements, balconies, and shading structures to create visual interest and differentiation from neighbouring properties and maintain privacy.

The building's façade will utilise a mix of face bricks, matt monument black, off-white render arches, and brushed brass balustrades, chosen for both aesthetic appeal and ease of maintenance.

<img alt="Embassy" data-entity-type="file" data-entity-uuid="7971da7a-20ad-4a28-b1a8-981799565586" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-14%20at%209.12.11%E2%80%AFAM.png?VersionId=cfJoalk8xjneAI28YSAM.LHQLjTX5ZBB" />

Ground floor units will include courtyards, while penthouses will offer private lifts and rooftop terraces exceeding 200 sqm.&nbsp;All apartments are equipped with EV charging points.

The proposed development is situated adjacent to a planned light rail stop connecting Civic and Woden.

The proposed development is situated adjacent to a planned light rail stop connecting Civic and Woden.

First look: Embassy Residences set for Canberra's Deakin

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.

<a href="https://www.urban.com.au/developers/jwland-development">JWLand</a>, one of Canberra's leading builder developers, is currently developing De Burgh in Northbourne Village in<a href="https://www.urban.com.au/developments/lyneham-act-2602"> Lyneham</a>, a suburb north of the centre Canberra which is largely populated by young professionals, students, and growing families.

[smartcode_project:default project_id=139989 project_image_fid=212887]

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.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212914]

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.&nbsp;

These figures, along with a vacancy rate of just 1.9 per cent, indicate a strong and competitive rental market.

<a href="https://www.urban.com.au/developers/jwland-development">JWLand Development</a> has already sold out Embark and almost sold out The Sullivan, the first two stages of Northbourne Village. The third and final residential release,<a href="https://www.urban.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham"> De Burgh</a>, is set to welcome new residents in the second half of 2025.

[smartcode_project:default project_id=139989 project_image_fid=212915]

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.

[smartcode_project:default project_id=139989 project_image_fid=212889]

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.

[smartcode_project_cta:default project_id=139989]

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. 

Why JWLand's De Burgh apartments in Lyneham present an ideal investment opportunity

As the bustling Northbourne Village continues to establish itself as a prime destination in Canberra’s inner-north precinct, De Burgh stands out as the perfect place to call home.

With Embark already fully occupied and The Sullivan also completed by prominent developer JWLand, <a href="https://www.urban.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham">De Burgh</a> is becoming the go-to location for those seeking a vibrant lifestyle that offers both convenience and relaxation.

Northbourne Village offers the perfect balance of city and suburban life. Residents can explore the heritage-listed sites in <a href="https://www.urban.com.au/new-apartments/lyneham-act">Lyneham</a>, one of Canberra’s oldest suburbs, or head over to the lively <a href="https://www.urban.com.au/new-apartments/braddon-act">Braddon</a> and <a href="https://www.urban.com.au/new-apartments/dickson-act">Dickson</a>&nbsp;for cafes, boutique shops, and eateries.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212887]

One of the most appealing aspects of De Burgh is the easy access to the city centre, which is only three kilometres away. Residents can hop onto the light rail that runs right past their door and be in the heart of Canberra within a matter of minutes.

Getting around is a breeze in De Burgh. The Sullivans Creek bike path is easily accessible, with off-road connections to local centres, the Australian National University (ANU), and beyond. For those who prefer to drive, the Federal and Barton highways are just minutes away, and Canberra International Airport is only 13 minutes by car.

At De Burgh, residents are spoiled for choice when it comes to leisure activities. Dickson, just across the road, offering a range of Asian specialties, as well as Italian, Middle Eastern, and modern Australian cuisines with a variety of dining, shopping, and socialising options.&nbsp;

The Sullivans Creek wetlands are also just steps away, providing a serene escape from the hustle and bustle of city life.

[smartcode_project:default project_id=139989 project_image_fid=212888]

The Saturday morning farmers’ market at Exhibition Park in Canberra (EPIC) offers fresh produce from the Canberra region, and there are many playgrounds, schools, and early childhood centres in the area.

For sports enthusiasts, Lyneham is home to the National Hockey Centre, the Canberra Tennis Centre, and the ACT Netball Centre. The Yowani Country Club offers an opportunity to work on your golf game, while the local bike and jogging paths are perfect for fitness enthusiasts. Those who prefer a gentler physical outlet can hike through the nearby O’Connor Ridge Nature Reserve.

Residents of De Burgh can also indulge in a variety of dining options. Tilly's Devine Cafe and Gallery, a local institution in Lyneham, is right on their doorstep. Turkish Pide &amp; Kebabs, also in Lyneham, is known for drawing customers from all over Canberra.

<a href="https://www.urban.com.au/new-apartments/braddon-act">Braddon</a>, just a short walk away, offers even more cosmopolitan eating options, along with excellent coffee, craft breweries, and a gin bar. And for those looking for a more formal dining experience, Canberra’s city centre is just a short light rail trip from home.

[smartcode_project_cta:default project_id=139989]

Urban Editorial

De Burgh: The suburban retreat in Canberra's high-energy inner-north precinct

Prominent ACT property developer Geocon Group has reached over 50 per cent sold of its latest Canberra apartment project, The Grande on London, within just over a month of its release.

The new $250 million mixed-use project signals a significant step in the revitalisation of the former Werriwa Defence Facility.

<a href="https://www.urban.com.au/new-apartments/the-grande-on-london-70-allara-street-canberra">The Grande on London</a> is intended to cater to both live-in owner-occupiers and investors, positioned as a rare opportunity to purchase a new apartment in Canberra's CBD to address a potential housing shortage in the area, with the location being close to the lake, theatre precinct, shops, restaurants, and the light rail.&nbsp;

<img alt="The Grande on London reach 50 per cent sold - Living" data-entity-type="file" data-entity-uuid="efa144c6-eafb-47e9-8f7d-14af61fd045f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20on%20London%20Living.png?VersionId=ilUfPRQqtCv_B7l7mpDI8jtbVsqaGfYJ" />

The Grande on London, bordering Allara Street and London Circuit, will deliver three buildings designed by <a href="https://www.urban.com.au/architects/fender-katsalidis-architects">Fender Katsalidis</a> with 332 one, two, and three-bedroom apartments across eight levels and above commercial spaces.

The ground level is designated for commercial use, and the project includes features such as a landscaped plaza, communal gardens, and deep-rooted trees to enhance the connection between London Circuit and Allara Street.

<img alt="The Grande on London reach 50 per cent sold - Pool" data-entity-type="file" data-entity-uuid="52324f4b-5984-4537-9865-e0a17049f8f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20on%20London%20Pool.png?VersionId=Vj2dlhvUj6LUKKwfFlpQRFhR6uJZ8Cxh" />

Residents-only amenities include a co-working space, rooftop pool and pavilion, fitness centre and yoga studio, library, cinema, dog wash and bike storage.

Strategically positioned near Commonwealth Avenue and within a burgeoning growth corridor, The Grande on London also enjoys proximity to key government offices including the Department of Home Affairs, Murray Darling Basin Authority, Department of Foreign Affairs and Trade, and the <a href="https://www.urban.com.au/new-apartments/canberra-act">ACT</a> Government.

<a href="https://www.urban.com.au/developers/geocon-group">Geocon Group</a>&nbsp;has already kicked off construction at&nbsp;The Grande on London. They're anticipating a completion date of late 2025.

[smartcode_project_cta:default project_id=135046]

Geocon Group has already kicked off construction at The Grande on London. They're anticipating a completion date of late 2025

Geocon's The Grande on London apartments in Canberra race to 50 per cent sold

Architecture firm&nbsp;<a href="https://www.urban.com.au/architects/fender-katsalidis-architects">Fender Katsalidis</a> has achieved design approval for a $250M build-to-rent development on Canberra’s premier route; Northbourne Avenue.&nbsp;

220 Northbourne Avenue, located on the city’s major arterial road approximately two kilometres north of <a href="https://www.urban.com.au/new-apartments/canberra-act">Canberra</a>'s CBD, represents Canberra’s second build-to-rent development on a site of strategic importance for the city. Situated at a key intersection under the National Capital Plan’s City and Gateway framework, with the light rail passing the development’s doorstep, 220 Northbourne Avenue offers a gateway to all Canberra has to offer.&nbsp;

The site will be home to three buildings encompassing 393 apartments in addition to a commercial building and retail tenancies on the ground level. A range of studio, one, two and three-bedroom rentals will be available, appealing to Canberra’s broad demographic of renters, including students, families and young professionals.&nbsp;

Fender Katsalidis associate principal David Robinson said: “The build-to-rent typology in Canberra is in its infancy but is a critically important addition to residential living. We’re thrilled to continue shaping the landscape in Australia’s Capital Territory and set a standard for excellence in build-to-rent living.&nbsp;

Providing a richness of amenities and experiences to residents was front-of-mind throughout our design process, and ensuring that community-centric living and convenience are central to the design. We’re really excited to be paving the way for this new type of living in such an important location for the city.”&nbsp;

<img alt="FK achieve DA approval Northbourne Avenue" data-entity-type="file" data-entity-uuid="1f5019c8-9dbb-47ae-86f2-347d4822ac1d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FK%20Northbourne%20Avenue%20Side.jpg?VersionId=3JvWZ4LTUPf1QFUzjrbaESiCv3tJd6Q6" />

The site is connected via a series of gardens, plazas and laneways to provide quality spaces and connections for the community and convenient access to amenities. Featuring coworking areas, &nbsp;wellness facilities, a rooftop terrace, community hubs, a resident cinema and a sports lounge, plans also include supporting artists in residence and programmed events to enliven the precinct and foster an active and vibrant ground plane experience.&nbsp;

Canberra’s National Capital Plan and its urban renewal principles have shaped the designs that will see the development of the Macarthur Node as a symbolic gateway to the city. The formal landscape of the avenue has been integrated into the rich ground plane of the precinct, meanwhile, the lower ground of the precinct is defined by heavily landscaped features to maximise tree coverage and site permeability.&nbsp;

Three distinct facades across each building will enrich the diversity of the precinct and provide a sense of address to each. The northern building defines the new plaza at the intersection and provides a distinguished address to Northbourne and Wakefield Avenue. The largest central building presents a rhythmic grid expression at lower floors to the avenue and references Robin Boyd’s Churchill House to the south, whilst the upper floors provide a more sculptural form. The southern building steps down to the east, providing external terraces and break-out spaces for the commercial tenancies, and engages with a highly landscaped laneway that will also feature urban art.&nbsp;

A dramatic enclosed glass-roof atrium in the central building is encompassed by ground-floor residential amenities and tenancies. The landscaped atrium connects a north-to-south internal link and creates an internal space for the community to converge and inhabit. From the 8th-floor rooftop garden, &nbsp;residents will enjoy views across the north and east of the Capital’s distinctive bush landscape.&nbsp;

<img alt="FK achieve DA approval Northbourne Avenue" data-entity-type="file" data-entity-uuid="75131ada-0af5-4cc1-a408-a7f531c2f239" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FK%20Northbourne%20Avenue%20Canberra.jpg?VersionId=96sLjwfukrxxFPyLK9sitWXXGCzZq19X" />

“We wanted to create a moment of surprise for people when they enter the atrium. We hope the dynamism &nbsp;of the space coupled with the rich landscape and enclosed roof will captivate Northbourne Avenue’s residents and visitors.” David Robinson added.&nbsp;

Given its altitude and colder climate, Canberra has a large variance in annual temperature and high energy usage in the winter months, meaning rigorous energy testing and analysis of energy use across the full buildings was integral to informing the design and location of apartments and living spaces.

Fender Katsalidis worked closely with ESD consultants to examine glazing performance, shading, window-to-wall ratios and the placement of balconies and winter gardens. This resulted in a 31% reduction in cooling peak loads, a 13% reduction in heating peak loads, and a 23% reduction in total energy demand.&nbsp;

The sculptural horseshoe form of the central residential building features open-air corridors that provide through-apartment cross ventilation and enable greater flexibility in living through the warmer months. Carefully considered solar access and efficient materials were chosen to create high-performing facades across the year. The precinct will be a gas-free, all-electric design in line with the growing use of renewable energy in Canberra.&nbsp;

Intended to celebrate and embed Canberra’s identity as the ‘bush capital’, the landscape has been a critical component of the design. Working in partnership with landscape architecture and urban design experts Oculus, the design features native plants providing year-round greenery that improves community amenity, improves tree canopy coverage and habitat biodiversity.&nbsp;

<a href="https://www.urban.com.au/landscape-architect/oculus">OCULUS</a> Senior Associate Peta Miskovich said: “We’ve carefully designed spaces that respond to &nbsp;Canberra’s distinct climate, to create functional, flexible, and enjoyable outdoor places for people to inhabit &nbsp;year-round.”

Fender Katsalidis set to shape Canberra’s build-to-rent landscape as designs are approved for a new development on Northbourne Avenue

Greenlight for 393 Fender Katsilidis-designed apartments in Canberra

Local Canberra developer TP Dynamics, which for years has focused on large community projects, is preparing to launch the largest mixed-use development in Canberra.

The project, Yowani Grounds, will redevelop the Yowani Country Club's non-golf course land in <a href="https://www.urban.com.au/developments/lyneham-act">Lyneham</a>, a site strategically positioned at the intersection of Canberra's main entry axe. They'll be creating&nbsp;a mini-city with over 1000 residences as well as retail spaces, cafes, and landscaped public areas.

<a href="https://www.urban.com.au/developers/tp-dynamics">TP Dynamics</a> founder and Managing Director Tony Pan says the innovative placemaking project is envisioned as a place where residents can live, work, and play within a cohesive and sustainable environment.

“Our expansive project slated for Yowani will depart from conventional developments typically seen within the Canberra landscape, with a design that embraces diversity in housing options for the eclectic mix of residents that call Canberra home," Pan says.

"We are excited to deliver a significant project that is more than just a residential or commercial development; it will be a vibrant community in the making for years to come.

"The design will incorporate spaces that foster social interaction, from the lush green parks surrounding the dwellings to the bustling commercial areas for a vibrant atmosphere."

The development will encompass several buildings and typologies, with low-rise terraces and townhouses overlooking Sullivan’s Creek, gradually transitioning into a core commercial zone along Northbourne Avenue.

A series of residential apartment buildings will also make up a part&nbsp; of the project, with space for a hotel and seniors living provider to exist on site, as well as the redevelopment of the Yowani Country Club clubhouse, which will remain within the precinct.

To date, TP Dynamics has established a positive reputation, with a series of residential and mixed-use developments within Canberra that have assisted in addressing the housing needs of the ACT in alignment with the region's long-term objectives. The Yowani project exemplifies this commitment, presenting a distinctive placemaking experience designed to offer residents an opportunity to experience architectural excellence, low maintenance 'lock up and leave' style living, and a harmonious connection to nature.

"Our upcoming project to be located in Lyneham reflects our long-term vision to deliver quality, community-centric living for Canberrans," Pan added.

"As locals ourselves, we understand the changing face of the city, and the pressing need for well-connected residences, that can enhance the overall living standards for residents, while also adding to the look, feel and liveability of the landscape."

The project's commitment to the conservation of the local Lyneham area aligns with TP Dynamics' broader goal of creating opportunities for education, employment, and innovation within the community in ways that resonate with the <a href="https://www.urban.com.au/developments/canberra-act">Canberra</a> identity.

“We hope through this project to showcase our commitment to reshaping Canberra's urban landscape in a way that resonates with Canberrans. In the face of a growing population and evolving lifestyle preferences, our goal is for it to exist as a blueprint for modern, sustainable, and community-centric development as more housing options are in demand for our growing city."

Canberra's population is set to surge by 2050, with an additional 175,000 to 250,000 residents set to call Canberra home within the next two decades, according to the Australian Bureau of Statistics.

TP Dynamics will be launching the project in mid-2024.

TP Dynamics to create new mixed-use precinct in Canberra's Lyneham

Prominent ACT property developer <a href="https://www.urban.com.au/developers/geocon-group">Geocon Group</a> is soon to launch its latest residential project, on the fringe of Canberra's famous City Hill.

The new $250 million mixed-use project,&nbsp;<a href="https://www.urban.com.au/new-apartments/the-grande-on-london-70-allara-street-canberra">The Grande on London</a>&nbsp;bordering Allara Street and London Circuit, will deliver three buildings designed by&nbsp;<a href="https://www.urban.com.au/architects/fender-katsalidis-architects">Fender Katsalidis</a>&nbsp;with 332 apartments above commercial space.

Each apartment features floor-to-ceiling windows, SMEG kitchen appliances, brushed nickel tapware and full-height bathroom tiling.

<img alt="The Grande Canberra Launch" data-entity-type="file" data-entity-uuid="c079988e-4645-4a96-9414-e9c349ddc3f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20Living.png?VersionId=v0hbn8uKjp0BcKUj3JkDR1dxZZXXU0MS" />

The project follows Geocon's successful acquisition of the leasehold of the 7,640 sqm site from the Federal Government in May 2020, signalling a significant step in the revitalization of the former Werriwa Defence Facility.

The ground level is designated for commercial use, and the project includes features such as a landscaped plaza, communal gardens, and deep-rooted trees to enhance the connection between London Circuit and Allara Street.

<img alt="The Grande Canberra Launch" data-entity-type="file" data-entity-uuid="c57a7bf0-2fb4-4ea5-9039-941a58ff190a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20Bedroom.png?VersionId=gfmucjh3DOzoXGAhrMlx8P7X6thc.7bb" />

Residents-only amenities include a co-working space, rooftop pool and pavilion, fitness centre and yoga studio, library, cinema, dog wash and bike storage.

The development is positioned as a rare opportunity to purchase a new apartment in Canberra's city centre, with the location being close to the lake, theatre precinct, shops, restaurants, and the light rail.&nbsp;

Strategically positioned near Commonwealth Avenue and within a burgeoning growth corridor, The Grande on London also enjoys proximity to key government offices including the Department of Home Affairs, Murray Darling Basin Authority, Department of Foreign Affairs and Trade, and the ACT Government.&nbsp;

<img alt="The Grande Canberra Launch" data-entity-type="file" data-entity-uuid="493b284e-61fa-4359-a101-902aeb8907e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Grande%20pool.png?VersionId=OIUT.fMa3t1gfTfvo1MD_YC.REvPPLOx" />

The project is intended to cater to both live-in owner-occupiers and investors, addressing a potential housing shortage in the city centre.

Geocon, led by managing director&nbsp;Nick Georgalis, has three others projects on the go. Their latest, WOVA in Woden, is set to be completed later this year.

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Geocon, led by managing director Nick Georgalis, has three others projects on the go. Their latest, WOVA in Woden, is set to be completed later this year

Geocon to launch The Grande on London apartments in the heart of Canberra 

Off the plan buyers in the ACT are set to save even more on stamp duty following another government amendment to the threshold.

From November 27, the stamp duty threshold will move to $800,000, from $700,000.

The government estimates that on an $800,000 purchase, buyers could save nearly $23,000 in stamp duty. It's only for the owner-occupier, so to be eligible for the stamp duty waiver, at least one buyer must live in the home continuously for 12 months within a year of settlement.

The raise is part of the government's strategic plan to phase out stamp duty in the territory, replacing it with higher general rates.

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&nbsp;

With Canberra currently holding the position as the nation's third-most expensive unit market with a median price of $567,059, the adjustment is a timely measure to enhance affordability for potential home buyers—especially for those looking to transition to higher-density living options like apartments and townhouses.

Property Council ACT executive director Shane Martin welcomes the move, describing stamp duty as an "inefficient tax" that hinders home purchases and discourages downsizing. The expectation is that removing this barrier will motivate older Canberrans to put their existing homes on the market, thereby increasing the housing supply and freeing up stand-alone properties for growing families.

However, concerns are also raised about the need for more land release. Experts argue that apartments and detached homes require additional land supply to meet the growing demand. The Property Council suggests exploring the sale of smaller blocks, offering a potentially more affordable entry point for developers and buyers alike.

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The ACT's stamp duty concession stands out compared to similar schemes in other Australian states. In Victoria, first-home buyers are exempt from stamp duty for properties valued at $750,000 or less. In New South Wales, buyers have a generous 15-month window to pay the levy on off-the-plan purchases. Meanwhile, Western Australian buyers can secure a stamp duty exemption for off-the-plan deals valued at $650,000 or under until June 2025.

This adjustment is poised to shape buyer behaviour and preferences in the Canberra real estate market. As the city continues to evolve, the government's proactive measures aim to create a more accessible and appealing property market for a diverse range of home buyers.

The government estimates that on an $800,000 purchase, buyers could save nearly $23,000 in stamp duty



Stamp duty threshold for off the plan buyers in Canberra jumps

De Burgh at Northbourne Village,&nbsp;the latest property from renowned developer JWLand Development, takes up a prime spot within the Canberra suburb Lyneham, home to a mix of heritage and modern homes with tree-lined streets and beautiful gardens.&nbsp;

De Burgh, a mid-rise development of 351 apartments designed by contemporary architectural practice Cox Architecture, enjoys a central position in the Northbourne Village along Northbourne Avenue.

[smartcode_project:default project_id=139989 project_image_fid=212914]

De Burgh's prime location places residents within easy access to the centre of Canberra, a three kilometres commute - making it a perfect spot for both families and young professionals. The nearby light rail station connects locals to the heart of Canberra's public transport network.

For young families, several educational institutions are accessible within a 1.5-kilometre radius. The area is home to Lyneham Primary School and Lyneham High School, ensuring a convenient and easily accessible education for young residents.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

For outdoor enthusiasts, Lyneham is a haven with its great outdoors, offering residents ample opportunities to reconnect with nature right at their doorstep.&nbsp;

A nearby micro-forest, garden, playground and the picturesque Lyneham Wetlands Park provide the perfect backdrop for family outings and strolls. Lake Burley Griffin and several nature preserves, botanical gardens and other parks on nearby suburbs are less than a 20-minute drive from the property.

Lyneham and its neighbouring suburb, Dickson's, also offers a vibrant food and shopping scene. Local cafes and diverse restaurants surrounding the area provide a rich tapestry of cuisines, ensuring that there is always something new to try every evening.

[smartcode_project:default project_id=139989 project_image_fid=218009]

Residents can also look forward to enjoying many festivals held in the Exhibition Park in Canberra (EPIC), including the Royal Canberra Show, the National Folk Festival and Summernats.

As the development takes shape, it's poised to become the most sought-after address for families and professionals who want to experience the perfect fusion of urban convenience and serene surroundings within arm's reach of Canberra's bustling core.

[smartcode_project_cta:default project_id=139989]

For outdoor enthusiasts, Lyneham is a haven with its great outdoors, offering residents ample opportunities to reconnect with nature right at their doorstep

Canberra off the plan apartments

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