Looking to buy a townhouse in Canberra? Then check out these properties on the market
Townhouse building approvals soared 21 per cent last year, according to ABS data, and agents argue key factors are at play.
Matt Shipard, of HIVE Property, says at least two events in the Canberra market have probably contributed.
“There’s been a lot of building on remediated Mr Fluffy blocks and that’s seen a rise in townhouse developments,” he says.
“There’s also been more townhouses going into new suburbs like Denman Prospect, Wright and Coombs.”
Shipard says demand for townhouses has been strong, particularly among first-home buyers and downsizers.
“Low-interest rates mean first-home buyers can consider a more spacious townhouse in one of the newer suburbs rather than an apartment,” he says.
“They can get much more value – a bigger footprint, usually including a garage and courtyard and more living space.”
Boris Teodorowych, of Boris Property, says townhouse developments in established suburbs usually arrive with higher price tags, often comparable to family homes.
“The land-value component tends to be higher within the aspirational suburbs and builders also aim their products at specific types of buyers,” he says.
“Downsizers are usually willing to live on smaller blocks, but want an upgrade in their standard of living. Generally, they are looking for big living areas, spacious outdoor entertaining options, great kitchens and bathrooms – and often a master suite on the lower level.”
Teodorowych says demand for townhouses will be ongoing.
“Buyers like the combination of luxury with low maintenance,” he says.
- Where? Townhouse building approvals soared 21 per cent last year. Find them in established areas, often on sites like remediated Mr Fluffy blocks or new suburbs like Denman Prospect, Wright and Coombs.
- Who? Interest rates remain low offering first-home buyers the option of a more spacious townhouse with extra bling. Downsizers are drawn to the option in established areas and higher levels of luxury.
- Why? Developers respond to demand. That has been increasing in recent years, particularly from baby boomers who want low-maintenance lifestyles. Sales in newer suburbs have proved townhouse appeal to first-home buyers.
Our top pick of townhouses for sale:
Hughes
This is a contemporary townhouse of generous proportions in very accessible Hughes, just 12 minutes from the Canberra CBD and half that to Woden.
Architecturally, the home presents with something of a geometric aesthetic – rectangles and cubes, contrasted by angled roof lines. It takes the prime street position in a development of just three dwellings.
This two-storey, north-facing residence is drenched with light, drawn in through its distinctive “walls of glass”, a two-storey void, skylights and 2.7-metre ceilings throughout the lower level.
A versatile floor plan delivers 142 square metres over three living spaces, including a large, open-plan kitchen and dining area with a separate family room.
That designer kitchen is highlighted by timber finishes contrasted with dramatic black fittings. Appliances are integrated. There’s access to a spacious entertaining terrace, overlooking low-maintenance, landscaped gardens.
Downsizers will appreciate the option of single-level living with the main and en suite located on the lower level with access to the terrace. Two more bedrooms share a bathroom on the upper level along with a rumpus or additional living space and a balcony. There are ample storage options throughout.
Year-round comfort is assured through double-glazed windows, ducted reverse-cycle heating and cooling. There’s a double garage with internal access.
Coxen Street is close to primary and high schools, Canberra College, CIT, Canberra Hospital and the Woden Town Centre.
Price guide: $1.1 million
Private sale
Agent: HIVE Property, Matt Shipard 0408 218 179
Or try these:
Moncrieff
Price guide:$580,000 +
Auction: 6pm, March 31
Agent: Blackshaw Manuka, Christine Shaw 0405 135 009
Campbell
Price guide: $1.597,000 +
Private sale
Agent: Belle Property Canberra, Samantha Granter 0402 507 902
Barton
Auction: 10am, April 10
Agent: Michael Potter Real Estate, Michael Potter, 0413 830 598
Dickson
Price guide: $1.1 million +
Private sale
Agent: Cercis Property, Jane Yang 0478 931 888
Bonython
Auction: 10am, April 17
Agent: Hayman Partners, Chris Hetherington 0422 636 353
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