Woden Valley house prices inch towards $1 million median

Woden Valley property prices are inching towards a $1 million median, according to the latest Domain House Price Report – and local agents are unsurprised.

Brad O’Mara of Ray White Queanbeyan/Jerrabomberra says a combination of factors is in play.

“There’s renewal going on throughout its suburbs, and the cost of new builds pushes up prices,” he says.

“You’ve also got increased demand. For example, tight stock in the Inner South prompts buyers to look further afield – and the Woden Valley is right next door.”

O’Mara says there is also strong enquiry from Australians overseas who want to return.

“They will have a family member or proxy bid or make an offer for them. This adds to the demand.”

O’Mara says Woden Valley also delivers a solid value proposition.

“It’s a central location, close to everything – schools, shops, hospital and more,” he says.

Matt Shipard of HIVE Property says shifting perceptions are contributing to the increasing popularity of the Woden Valley.

“It’s something of a contest around value,” he says.

“Buyers are taking a fresh interest in the region and seeing there are great properties on offer,” he says.

“In most cases, you get more for your money – or you can spend less than you would in the Inner South and still get everything you want.”

Shipard says Garran and Curtin are strong buying prospects while Torrens is on a price-growth curve.

“Keep an eye on Mawson, too – there’s great value there,” he says.

• Location The Woden Valley offers a central location that’s easily accessible and is well serviced by schools, shops, recreational areas and the Canberra Hospital. There are 12 suburbs within the Woden Valley.
• Going up The Woden Valley offers strong value for buyers looking for solid homes on good-sized blocks. Urban renewal sees new builds rising over knockdowns and on Mr Fluffy blocks.
• Hot picks With a median price closing in on $1 million, the Woden Valley is hot, but there is plenty of value still be found. Torrens, Mawson and Farrer are agent picks.

Check out Allhomes’ top pick of homes for sale in Woden Valley:

Farrer

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Stunning views and direct access to Farrer Ridge are just two of the attractions of this Custance Street home.

There are plenty more within this four-bedroom, executive residence that delivers 267 square metres of contemporary living over two levels.

The lower floor offers a bedroom, en suite and a rumpus room – a space that could also be used as a guest suite or as a home office.

The upper level is characterised by solid blackbutt timber floors throughout the living areas. The kitchen provides visual drama with its contrast between crisp black cabinetry and “Old Melbourne Town” brickwork. Bosch appliances, a walk-in pantry and LED feature lighting complete the offer.

The dining and family rooms deliver a seamless connection to a spacious, covered alfresco area that offers some of the best views in Farrer.

There are three bedrooms on this level, two with built-in wardrobes and a main with a walk-in robe and luxe en suite.

Other features include a double garage with epoxy flooring and enough height to park even the tallest of 4WDs. There’s an additional storage void that could house a wine collection. A low-maintenance garden at the rear offers that direct access to the ridge.

The home is close to schools, shops and public transport.

It is offered to the market with an extended settlement period and an option for a buyer to move in before settlement.

Price guide: $1.5 million +

Auction: 6.30pm, March 18

Agent: Ray White Queanbeyan/Jerrabomberra, Brad O’Mara 0402 343 771

Or try these:

Curtin

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Price guide: $1.385 million +

Private sale

Agent: Belle Property Canberra, Michael Pead 0431 937 684

Garran

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Price guide: $1.55 million +

Auction: 10am, March 20

Agent: Hive Property, Matt Shipard 0408 218 179

Mawson

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Price guide: $1.35 million

Private sale

Agent: Blackshaw Manuka, Luke Revet 0418 101 213