5 Canberra Properties Under $1 Million
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5 Canberra Properties Under $1 Million

Inside the nation’s capital for less than 7-figures.

By Terry Christodoulou
Tue, Jul 27, 2021 5:08pmGrey Clock 4 min

3/38 Coxen Street Hughes ACT 260

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

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

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

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

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



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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How Much House Can I Afford?

Expert tips for prospective buyers looking to purchase a home in 2024.

By Josh Bozin
Fri, Apr 12, 2024 3 min

For aspiring homeowners, be it a first-time buyer, downsizer, or investor, picturing your idea of homeownership bliss is the easy part. But before deliberating on furniture choices or scouting for that perfect neighbourhood coffee, understanding your purchasing power stands out as the most important step in ensuring your success in homeownership.

And with the Australian property market gaining momentum in 2024, there’s never been a better time to come to grips with your financial options.

In 2023, amid the changing financial landscape that saw rising interest rates and the cost of living skyrocket, among other factors, the total amount borrowed for property purchases across Australia was estimated at $300.9 billion, a 12.7 percent decrease from the previous year, according to PEXA’s latest Mortgage Insights Report.

Each mainland state also experienced a decline in new lending, according to the report, with Victoria and New South Wales seeing the biggest drops to $84.1 billion and $109.5 billion, respectively.

While this trend reflects the repercussions of such financial hardships on the everyday Australian, John Morello, director and auctioneer at Jellis Craig, said we’re seeing renewed confidence in the property market during the first quarter of 2024, particularly in Melbourne.

“Auction clearance rates have started the year strongly and consumer sentiment is rising. This lift is driven by cooling inflation and an improved outlook on interest rates. At Jellis Craig, as with the rest of the market, we are experiencing an increase in volume of property compared to the same period in March last year (up 28% in 2024),” Mr Morello said.

“Melbourne’s property market, in particular, is showing its ongoing evolution and resilience.”

PEXA’s report revealed that, while borrowing saw a decrease in 2023 in Australia, Australians still invested $613.0 billion in property purchases in 2023. In 2024, purchasing confidence is only going up, as prospective first home buyers, seasoned downsizers, and savvy investors look to capitalise on a flood of new property hitting the market, coupled with the lowering of interest rates across the board.

“With more certainty in the economic outlook, along with an increase in volume of property available, we are seeing these factors translate to early signs of a boost in confidence in both buyers and sellers,” said Mr Morello.

“Further encouraging data shows that whilst there is more property available to purchase, more people are inspecting property, again indicating that demand has increased broadly across our marketplace.”

If you’re in the market for a new property, the biggest question you must ask yourself is how much house can I afford?

A great starting place is to speak with your mortgage broker or financial professional, who can guide you on your lending options. This is critical, as you need to know what your future repayment options might look like, and ultimately, what you will typically be able to afford.

A useful tool for judging whether you can afford a specific property is to factor in the 28/36 rule — a rough guide that suggests you should not spend more than 28 percent of your gross monthly income on housing, and no more than 36 percent on all debts. Another useful tool is the idea of a debt-to-income ratio (DTI); a formula whereby an individual can divide all of their monthly debt payments by gross monthly income to arrive at a number that one can measure as a way of managing monthly mortgage payments.

Mr Morello emphasised the need to understand affordability and what’s feasible for each individual when looking to make a purchase, no matter the budget, on a property in 2024.

“It’s pivotal to work out what you can afford. Get your finances in order. Consider all associated costs with buying, and research what concessions and grants are available,” said Mr Morello.

“It’s easy for individuals to begin the process today. Start actively searching potential properties on a weekly basis, and research areas you are interested in. Check weekly sales results, attend inspections and auctions, to get a feel for the process. Just remember, it’s important to be really comfortable in understanding your living expenses, and what the ongoing expenses will be once you have bought a property.

“For example, mortgage repayments, council rates, water, power, owners corp fees, insurances, maintenance costs; if you are buying as an investment, the Land Tax payable on that property which is an ongoing tax. There’s many factors to consider.”

To see what’s possible for your specific circumstances, visit our Finance Portal for specific tools, guides and tips—as well as our own mortgage calculator—to assist you on your property journey.

 

MOST POPULAR
35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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