For a long time, Woden was the geographic centre of Canberra. In fact, in 1964, Woden was established as the first satellite city to be built after the Canberra Central district, City, or Civic, to Canberra old-timers.
The experienced team at Maloney’s Property see the Woden Valley as a good Canberra district for first-home buyers and property investors in 2023.
1. There is a strong population growth
The population has grown 13 per cent from the 2016 Census to 39,300 in the 2021 Census.
2. The mix of homes is rapidly changing
In the 2016 Census, the percentage of separate houses was almost 70 per cent. In the 2021 Census, this dropped to just over 58 per cent. Apartments and townhouses have increased from 30 per cent to 42 per cent in the same statistics.
3. Infrastructure is booming
Woden Town Centre has seen significant expenditure in recent years, and the ACT Government has over $1 billion of investment in Woden, including
4. Many luxury residential units are being constructed
There are hundreds of apartments currently being constructed in Woden. These include the following complexes:
5. Woden has become a destination in Canberra
The Bradley Street Dining Precinct at Westfield Woden has become a popular destination in Canberra. Bradley Street has ten restaurants ranging from kid-friendly places for lunch to great places for a special occasion or date night. These include:
Moveover, Canberra’s Inner North and Inner South—Woden, and the Woden Valley are set to continue to take off in 2023.
In 2023, Woden Valley is home to 40,000 Canberrans, Westfield Woden, and 12 of the best suburbs to invest in Canberra:
The team at Maloney’s Property have been working with first home buyers and property investors for 30 years and would love to discuss property opportunities in Woden and the Woden Valley District in 2023 with you.
One such opportunity is 27 Ingamells Street Garran ACT
A great property in a sought-after location—backing the Federal Golf Course. This is a great example of the opportunities that can arise in the Woden Valley. This large five-bedroom family home is prime for renovation or a knockdown and building your dream home.
Garran is an established Canberra suburb with a vibrant shopping centre including a café, post office, pizza bar, hair salon, supermarket, and Medical Centre with pharmacy. Canberra Hospital and the highly regarded Garran Primary School are just minutes away.
Maloney’s Property has over 30 years of experience in Canberra, assisting property investors and first-home buyers in getting into the property market.