With Canberra's rising house prices, high-end units are having a renaissance
High-end luxury apartments are enjoying a renaissance on the back of windfall home-owner price growth.
The unexpected, but welcome boost to family homes has seen those on the cusp of downsizing now able to consider penthouse living – with money to spare.
Melissa Martin-Smith of Luton Properties Dickson, who recently sold a three-bedroom luxury apartment in Braddon, says more downsizers have been expressing an interest in high-end apartments, but have firm ideas on what they need.
“They definitely want big spaces – for living, entertaining and to accommodate visiting family and friends,” she says.
“And they want to live in walkable neighbourhoods where they are close to supermarkets, medical, cafes and more.”
Martin-Smith says the big challenge is to find the right property with the right attributes in the right location.
“Developers have concentrated on one and two ‘beddies’, but downsizers are cashed up and eager for more big-footprint apartment options,” she says.
Apartment specialist, Boris Teodorowych of Boris Property says supply is one issue, but location is another.
“Downsizers are very particular about where they want to live and the big apartments and penthouse aren’t necessarily in the places where they want them,” he says.
“That puts an extra premium on those that do become available in, say, the Kingston Foreshore.”
Teodorowych agrees space is a priority for buyers with 180-square-metre options and above in thin supply.
“These buyers are less likely to compromise and can be prepared to wait indefinitely until the right property comes along,” he says.
- Space: High-end buyers place a big premium on space, opting for apartments with balconies, terraces and three bedrooms. They want room to live, entertain and sleep guests.
- Location: A walkable neighbourhood is another high priority for luxury apartment buyers. They want to be close to lifestyle and other essential needs including cafes, restaurants, supermarkets, medical facilities and recreational options.
- Views: High-end apartment downsizers want aspects that add to their lifestyle changes. Never-ending views are highly regarded with lake scenics at a premium while mountain panoramas are also highly regarded.
Check out our top pick of high-end apartments for sale:
O’Connor
Those who like the idea of living in the middle of the action won’t find a better location than this luxury penthouse, right on the city doorstep.
Not only do you have convenient access to the city, you’re also just over the road from Lake Burley Griffin or a short walk from Mount Ainslie, while some of the city’s best cafes await right at your doorstep.
This north-facing apartment on the seventh floor of The Parade delivers 127 square metres of living, plus a balcony off the lounge and main bedroom.
The open-plan living, kitchen and dining area maximises natural light and is highlighted by solid spotted gum timber flooring.
The high-end fit-out continues in the kitchen with stone benches, soft-closing joinery, Smeg appliances – including an upgraded 820-millimetre induction cooktop, and a Vintec wine fridge.
Both the main bedroom en suite and family bathroom have been finished to a high level with floor-to-ceiling tiling, underfloor heating and heated towel rails. The en suite is highlighted by a bath and a dual sink vanity and the main with a walk-through wardrobe.
The other two bedrooms have built-in robes and the apartment has plenty of other storage options. That is complemented by two car spaces in a private basement position, as well as a large storage cage.
Residents have access to a community rooftop garden and a shared fully equipped catering kitchen and dining area.
Price guide: $1.1 million-$1.2 million
Private sale
Agent: Belle Property Canberra, Samantha Linsdell 0402 507 902
Or try these:
Deakin
Price guide: $1.75 million +
Private sale
Agent: Rod Meates Property, Rod Meates 0413 535 326
Forrest
Price guide: $1.779 million
Private sale
Agent: Crowthers Projects, Charles Crowthers 0408 868 511
Gungahlin
Price guide: $799,000 +
Private sale
Agent: Stone Gungahlin, Jess Smith 0410 125 475
We thought you might like
States
Capital Cities
Capital Cities - Rentals
Popular Areas
Allhomes
More
