Black Diamond, the final stage of Geocon's Aspen Village, Canberra apartment development: What you need to know before buying

With Black Diamond announced as the final release at Geocon’s Aspen Village development, buyers are presented with their final opportunity to invest in the sought-after Greenway project.

Black Diamond, the final stage of Geocon's Aspen Village, Canberra apartment development: What you need to know before buying
Black Diamond, Greenway. Image supplied

With Black Diamond announced as the final release at Geocon’s Aspen Village development, buyers are presented with their final opportunity to invest in the sought-after Greenway project.

“Aspen Village set a new standard for ‘alpine chic’ apartment living in Greenway when it launched in April this year,” Geocon managing director, Nick Georgalis said.

Officially on the market, the latest stage offers something for everyone, from investors to first home buyers to downsizers.

Located in the middle of the Tuggeranong CBD, its 295 apartments present a mix of one and two-bedroom opportunities, with some three-bedroom apartments also on offer.

Geocon sales agent Adam Morgan says this is “super affordable” when compared to buying a home in the suburbs.

Georgalis said: "With prices starting at less than $300,000, these apartments present outstanding value, considering the unprecedented levels of amenity and comfort which have been included.”

But why invest?

Tuggeranong is located 20-kilometres to the south of the Canberra CBD, an easy 20-minute drive.

Rich in parklands and nature reserves, the suburb sits to the east of the historic Murrumbidgee River and is close to Lake Tuggeranong, featuring the established retail precinct, Tuggeranong Town Centre and excellent community amenity.

Considered one of the ACT’s employment hubs, the region surrounding Black Diamond boasts a vibrant mix of private businesses and government departments including the Department of Human Services and the Department of Social Services.

It offers extensive transport connections to the Canberra CBD and beyond via road and bicycle, and presents an opportunity for first home buyers and investors to enter the Canberra property market.

Tuggeranong “[boasts] value for money that’s increasingly hard to find elsewhere,” the project marketing reads.

In fact, in many instances, it’s more affordable to buy than rent, according to the developers.

In addition to those looking to owner-occupy, an undersupply of quality homes means that there is high demand for rental properties in the region — making Black Diamond an ideal investment with rental returns up to 7 per cent being achieved.

Inspired by Aspen’s ski villages, Black Diamond delivers modern living on Canberra’s unspoilt natural fringe, where the atmosphere of the mountains meets the buzz of the city.

The development includes an ‘Alpine Bathhouse’ featuring a 12-person sauna and three private spa rooms for exclusive residents use, luxurious outdoor rooftop entertaining areas and a heated infinity pool.

Light-filled apartments feature high-end finishes and spacious storage solutions, with the choice between two interior design schemes and extensive parking.

“Buyers at Black Diamond will be within striking distance of the snowfields, dining precincts, shopping centres and public transport hubs”, Georgalis said.

“It’s a rare opportunity for Australian living, where such a high-level of amenity and simple connections to city and the snow fields are on offer.”

The development is situated a one-minute walk to Lake Tuggeranong, five-minute walk to South Point Shopping Centre and is under two hours drive from Jindabyne, the gateway to the snow.

Apartments in Black Diamond - Iron Knob Street, Fyshwick

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1 bedroom from $409,000
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2 bedrooms from $414,000
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2 bedrooms from $484,000
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Max Kwok

Max Kwok

Max Kwok is a staff contributor at urban.com.au. Based in Sydney, Max has previously worked at Property Observer where he specialised in content creation and editorial research.

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