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.
Five reasons to invest in Woden 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
- $265 million for the Canberra Light Rail to Woden by 2026
- $300 million for the new CIT Woden Campus opening in 2026
- $500 million for the Canberra Hospital Expansion
4. Many luxury residential units are being constructed
There are hundreds of apartments currently being constructed in Woden. These include the following complexes:
- Geocon’s WOVA development (four towers and over 20 stories)
- Doma Group’s The Melrose (four towers or varying heights)
- The Hellenic Club is planning a new club with a 150-room, 12-story hotel, and a 16-story office block—this will also include a concert venue and parking for 800 cars.
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:
- Grease Monkey
- Grill’d
- Hanok Korean Fine BBQ
- Rashays Casual Dining
- San Churro
- Super Bao
- The Bavarian
- Sushi Musa
- Fenway Public House
- Dumpling Social
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:
- Chifley
- Curtin
- Farrer
- Garran
- Hughes
- Isaacs
- Lyons
- Mawson
- O’Malley
- Pearce
- Phillip
- Torrens
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.
Features include
- 5 bedrooms (the main bedroom has sliding door access to the rear).
- 2 ensuites.
- Living/Dining room with feature brick wall and timber flooring.
- Large kitchen/Family room.
- Wood burning fire in the family room.
- A mixture of double and single-glazed windows.
- Ducted heating/cooling, reverse cycle air cond/split systems.
- Walk-in robes and built-in robes in bedrooms.
- Skydomes and ceiling fans.
- In total, there are five toilets (even one in the garage).
- Rear garden is paved with colourful trees and bushes.
- Double garage attached with automatic door.
- Single carport on the second driveway (ideal for a boat or van).
- No lawns to mow.
- Colorbond fencing.
Maloney’s Property has over 30 years of experience in Canberra, assisting property investors and first-home buyers in getting into the property market.
