Life of luxury: The best properties for sale in Canberra's prestigious Inner South

Property prices are booming and the Inner South is leading the way, widening the margin between it and its rival north of the lake.

The December quarter saw the median price for a detached home in the district hit $1.375 million – a big jump over the Inner North’s $1,026,500.

Bill Lyristakis of Berkely Residential says the Inner South is an enduring magnet for buyers as it promises a safe investment.

“It’s also a natural upwards progression on the property ladder,” he says. “And the Inner South offers great value for interstate buyers exiting bigger markets like Sydney.”

Lyristakis says the area also has other advantages, including the fact many suburbs are not hampered by heritage restrictions.

“That means buyers have the opportunity to more easily remodel homes to reflect exactly what they want,” he says.

“And the Inner South has the fundamentals of schools, shops, transport and proximity to workplaces.”

Bree Currall of Belle Property Canberra says the Inner South market is incredibly strong at the moment.

“Forrest, Griffith and Red Hill remain constantly sought-after but, with limited stock, there’s lots of activity around anything in Narrabundah that comes to market,” she says.

“We’re also seeing interest pick up in Hughes, which has been something of a sleeper.”

Currall says she has seen strong movement in Inner South prices within a short space of time.

“We started a conversation with one Inner South seller in October with a price guide around the high nines,” she says. “The home eventually sold in February for $1.266 million.”

• Hot pick 1 – Narrabundah. This one-time Cinderella is running hot – near the shops or high on the hill – thanks to its close proximity to Red Hill, Griffith and Forrest.
• Hot pick 2 – Hughes. Tight supply has widened the buyer focus to Hughes. This former sleeping beauty is getting plenty of fresh attention as buyers suffer from FOMO – fear of missing out.
• Future proof – the lot. Buyers looking to live happily ever after understand that a home in the Inner South represents solid value and investment security. Schools, shops, transport – it’s got the lot.

Allhomes’ top pick of homes for sale in the Inner South:

Yarralumla

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You know when there’s basement space for eight cars and a vehicle turntable that the home above is going to be something special.

And why take the stairs to those luxurious upper levels when there’s a five-person lift?

This spectacular, brand-new Yarralumla home has got the lot, including a tranquil setting behind beautiful Chinese elms.

There’s about 640 square metres under the roof, including the home (460 square metres), basement and covered terraces.

And that delivers five generous living areas, six bedrooms and six bathrooms. When we get to the detail, the list starts to get even longer.

The lower level, highlighted by stone and timber features with Italian tiles underfoot, showcases the core living areas including a guest suite with its own lounge.

The all-important kitchen is armed with double benches, two ovens, a seven-burner cooktop, twin integrated Liebherr fridge-freezers, two Miele dishwashers and a butler’s pantry with beverage fridge.

Upstairs, highlighted by solid spotted-gum treads on the staircase, are five further bedrooms, including the master suite, plus a family room and terraces on three sides.

Outside is an eight-metre magnesium pool with a hideaway cover. Entertaining here will be a breeze with a gas cooktop and stone benchtop. There’s a segregated and spacious children’s play area.

And, finally, back to the basement: there’s also a cellar room with timber wine racks for 300 bottles.

Expressions of interest: Close 5pm, March 26

Price guide: Circa $4.5 million

Agent: Berkely Residential, Bill Lyristakis 0418 626 593

Or try these:

Kingston

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Price guide: $1.75 million +

Private sale

Agent: Dovers & Co Property Services, Stuart Dovers 0413 836 330

Narrabundah

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Price guide: $1.695 million

Private sale

Agent: Belle Property Canberra, Bree Currall 0410 633 247

Barton

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Price guide: $1.6 million +

Auction: 11am, March 13

Agent: Luton Properties Manuka, Sophie Luton 0410 750 413