A significant part of the market is looking to buy a new home in Canberra and they are looking for newly built homes or houses they can knock down and rebuild.

Co-owner of Maloney’s Property, Sue Maloney, commented, 

We have noticed a trend that property investors and first home buyers are looking for newly built homes and are being more selective about the facilities located on, and near, a property when purchasing.

In our experience, buyers are seeking:

• quality long-term investments,
• complexes that offer quality facilities,
• central locations, and 
• floor plans ideal for professional couples.

Families are looking strategically as well and are looking for houses and apartments that are close to:

• schools
• transport
• health services, and 
• lifestyle facilities such as:
  • shops
  • cafes, and 
  • restaurants.

Other advantages of buying a new or recent build can include the following features:

1. Being EV charger ready
One of the major changes in the next 20 years will be a 100 per cent shift to electric vehicles. Apartments and houses that are ‘EV ready’ will be a step ahead of the game.

2. Modern floor plan and design
Most modern homes are open, bright, and airy. In contrast, older properties are darker and have smaller rooms that may require expensive remodelling.

3. Energy efficiency
New homes have to comply with the latest environmental guidelines and take advantage of advances in building materials and construction practices. 
An energy-efficient home will give you a ‘warm inner glow’ and save you money on ever-rising energy costs.

4. Modern appliances
One of the benefits of a new build or a new build home is that the appliances will be modern and hopefully not need replacing. 

5. Less initial maintenance 
It stands to reason that maintenance on a new home should be low in the first couple of years as everything is new. Also, new homes are constructed with the latest regulations and building codes they; should require less maintenance in the longer term. 
 

How can Maloney’s Property help?

“The Maloney’s Property Team is ready to assist property investors and first-home-buyers that are looking for a newly built house or apartment or houses with the possibility of knockdown and rebuild,” Sue offered.

Here are some examples that Maloney’s Property have listed;

1. New or very recently built

424/20 ANZAC Park

This is a luxury 2-bedroom, 2-bathroom, 2-garage apartment at the ‘Greenwich Park’ C5 Development in Campbell. It is a prime example of the benefits of investing in a newly built home in Canberra. Benefits associated with this newly built executive apartment include:

• Located a short distance from:
  • City
  • Parliament House
  • Kingston Foreshore

• Luxurious amenities include:
  • Rooftop terrace
  • Club-style reading room and lounge
  • Games room with pool table
  • Private dining area

• Co-located with:
  • Nouveau coffee shops
  • Cafes and eateries

The apartment:
A 2-bedroom, sun-drenched, fourth-floor apartment with double-glazed windows and oversized sliding glass doors. You can also find:

• Modern kitchen with Miele appliances
• Bedrooms with built-in robes
• Main bathroom has mirror image convenience
• Master suite with a modern ensuite with oversized shower
• Zone ducted heating and cooling
• Expansive balcony
• Timber feature flooring
• 2 basement car spaces

2. Property with potential for knock down and rebuild

26 Winnecke Street, Ainslie, ACT 2602

This is an excellent example of a property that is a candidate for a knockdown and rebuild.

The main benefit of this property is location, location, location, and that it:

• Set on a quiet tree-lined street
• Walking distance from:
  • Shops
  • Schools
  • Public transport
  • Parks
  • Canberra City precinct

The main benefit of this property is location, location, location, and that it:

• A house with two large bedrooms
• Large windows and light-filled rooms
• Functional kitchen
• Freshly painted
• Leafy views

The main benefit of this property is location, location, location, and that it:

• Set on a large 718m2
• Small house on a large block
• Located in the sought after Ainslie market

With over 30 years of experience in the Canberra property market, Maloney’s Property can assist you with all your property needs so why not contact us and make an appointment.