5 Canberra Properties Under $1 Million
Inside the nation’s capital for less than 7-figures.
Inside the nation’s capital for less than 7-figures.
3/38 Coxen Street Hughes ACT 260
A modern fresh townhouse packed with loads of features is headed to auction.
The 3-bedroom, 2-bathroom, 2-garage home sees plenty of light-filled spaces, high ceilings and modern features such as exposed brick adorn the home.
Central to the home is the designer kitchen including stone surfaces with overhead feature pendant lighting.
Elsewhere the master bedroom on the lower level boasts access to the courtyard, walk-in robe and ensuite.
Timber floors are found throughout the living space while the covered alfresco area on the first level is pet and kid-friendly.
Located in the heart of Hughes in the central Woden Valley, moments to the Canberra Hospital, with easy access to the airport and into the City centre.
The listing is being managed by Belle Property Canberra and is heading to auction. belleproperty.com/canberra
3B Muroch Street, Lyneham, ACT
The beautifully finished 3-bedroom, 2-bathroom, 2-car space townhouse locating in Lyneham offer style and convenience in one.
The North facing rear of the townhouse brings in plenty of natural light while cleverly designed to maximise the space at every turn, and a large fully enclosed rear courtyard with direct access into the underground garage provides an excellent opportunity for outdoor entertaining.
With two family rooms located on the ground floor, discover the convenience and added benefit of separate living spaces. The spacious kitchen is finished to a high level, with ample storage and cupboard space and a large stone kitchen bench top perfect for all of your eating and cooking needs.
The location sees Lyneham High School based at the bottom of the street and the wetlands a short walk away.
The listing is with LJ Hooker Canberra, priced at $925,000; canberracity.ljhooker.com.au
40/29 Thynne Street, Bruce, ACT
Positioned in the highly sought-after Liberty Estate in Bruce comes this freestanding townhouse boasting 3-bedroom, 2-bathroom, 20car garage.
Across a single level, the flexible floorplan sees an open plan kitchen living and meals area in the heart of the home flows out to the formal living and dining room.
Completing the layout is a remote double lock-up garage.
Elsewhere the home hosts three generous sized bedrooms – all with walk-in robes – while the master suite enjoying its own ensuite.
Entertaining is easy with a central, private courtyard accessible from the family room and formal lounge.
Located in a prime pocket of Bruce, the home is close to cafes, shops, transport and parklands.
The home will be auctioned on Saturday 7 August 2021.
The listing is managed by Ray White Canberra; raywhitecanberra.com.au
52/1 John Gorton Drive Wright, ACT
The modern residences in Molonglo Valley are just a short drive from the city.
Here, the spacious open plan living and modern kitchen – complete with Caesar stone benchtops and Ariston appliances – produce an ideal place to entertain.
On entertaining, the outdoor space is perfectly appointed for relaxation.
Elsewhere four bedrooms are available, all of which contain inbuilt storage. The master suite is complete with a private ensuite.
Debut residents will enjoy an idyllic family-friendly living all within moments of the new Stromlo leisure centre, walking and mountain biking trails, local parks, schools, cafe’s and shops and within easy reach of Canberra City, Woden and Belconnen.
The listing is with inStyle Estate Agents, $779,900; instyleagents.com.au
15/2 Blamey Place Campbell ACT
In the heart of Canberra’s most desirable inner-north suburb comes this curated townhouse with 3-bedrooms, 2-bathrooms and 2-car parking.
Set over three levels with a considered floor plan comes a chic kitchen, replete with European appliances and porcelain benchtops that leads towards two separate living areas on the ground floor.
The second floor sees two bedrooms and a full-sized bathroom while the third level is reserved for the master suite. Here, it boasts an oversize bedroom with ensuite, and a flexible space that could be a sitting room or additional living space that flows out onto a private alfresco area.
Ideally positioned within a boutique development of just 19 residences it is nearby to Campbell Park, Anzac Parake Lake Burley Griffin and more.
The listing is with Will Honey, The Property Collective and is headed to auction August 7, 2021. propertycollective.com.au
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Amid looming rate rises, there are reasons to be cheerful as mortgage holders head into 2023
Mortgage holders should brace themselves for more pain as the Reserve Bank of Australia board prepares to meet this afternoon for the first time this year.
Most economists and the major banks are predicting a rise of 25 basis points will be announced, although the Commonwealth Bank suggested yesterday that the RBA may take the unusual step of a 40 basis point rise to bring the interest rate up to a more conventional 3.5 percent. This could present the RBA with the chance to put further rate rises on hold for the next few months as it assesses the impact of tightening monetary policy on the economy.
The decision by the RBA board to make consecutive rate rises since April last year is an attempt to wrestle inflation down to a more manageable 3 or 4 percent. The Australian Bureau of Statistics reports that the inflation rate rose to 7.8 percent over the 2022 December quarter, the highest it has been since 1990, reflected in higher prices for food, fuel and construction.
Higher interest rates have coincided with falling home values, which Ray White chief economist Nerida Conisbee says are down 6.1 percent in capital cities since peaking in March 2022. The pain has been greatest in Sydney, where prices have dropped 10.8 percent since February last year. Melbourne and Canberra recorded similar, albeit smaller falls, while capitals like Adelaide, which saw property prices fall 1.8 percent, are less affected.
Although prices may continue to decline, Ms Conisbee (below) said there are signs the pace is slowing and that inflation has peaked.
“December inflation came in at 7.8 per cent with construction, travel and electricity costs being the biggest drivers. It is likely that we are now at peak,” Ms Conisbee said.
“Many of the drivers of high prices are starting to be resolved. Shipping costs are now down almost 90 per cent from their October 2021 peak (as measured by the Baltic Dry Index), while crude oil prices have almost halved from March 2022. China is back open and international migration has started up again.
“Even construction costs look like they are close to plateau. Importantly, US inflation has pulled back from its peak of 9.1 per cent in June to 6.5 per cent in December, with many of the drivers of inflation in this country similar to Australia.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’