Five Canberra apartments under $500,000 that benefit from ACT’s new stamp duty reforms
The ACT Government has scrapped stamp duty for off-the-plan apartments and townhouses up to $500,000.
The stamp duty abolition will apply to any buyer – first-home buyers, upgraders, downsizers and everyone else in between – who purchase off-the-plan, the territory government said.
Under these changes, anyone purchasing a newly built apartment or townhouse valued at $500,000 will save $10,360 in stamp duty.
The welcomed phase-out of stamp duty is effective from 1 July 2021.
This is great news if you are looking for the perfect property to purchase and benefit from the new stamp duty reforms.
Urban takes a look at five off-the-plan properties in the ACT listed for under $500,000.
1. WOVA, Phillip
Developer: Geocon Group
Two-bedroom apartments from $475,900
Situated in Canberra’s Woden Valley, WOVA by Geocon Group is set to redefine contemporary community living.
The four-tower development boasts a collection of one, two and three-bedroom apartments with unrivalled transport connectivity and abundant amenity.
Designed by Fender Katsalidis and Oculus Urban Design, WOVA features spacious balconies, functional living areas and is located at the heart of a multi-billion dollar regeneration project.
2. Marlu, Denman Prospect
Developer: Core Developments
Two-bedroom apartments from $429,900
Settled amongst Denman Prospect’s finest homes, Marlu presents one, two and three-bedroom dwellings.
Designed by Stewart Architecture, the development visually fits into the surrounding context, with northern frontage overlooking Molonglo Valley and Black Mountain.
The space is equipped with an outdoor pool, gym, and communal entertaining area, as well as a central garden which provides amenity, solar aspect and privacy.
3. Nightfall, Belconnen
Developer: Geocon Group
Two-bedroom apartments from $484,900
The final stage of Geocon’s Republic Precinct, Nightfall, is due to reach completion at the end of this year.
The 21-storey tower boasts one and two-bedroom apartments with 30 different floorplans to meet the needs of a variety of buyers.
Designed by Fender Katsalidis, Nightfall includes a private sky garden, fully equipped kitchen, residents’ dining room and an established ground-floor plaza with retailers, supermarkets, cafés and restaurants.
4. Dawn at Founders Lane, Braddon
Developer: JW Land Development
One-bedroom apartments from $415,000
Dawn occupies one of the most coveted positions in Canberra, located at the boundary of Civic and Braddon.
Founders Lane is set to bring a fresh new wave of life to the city centre with open flowing space and a fresh look.
Each one and two-bedroom apartment boasts access to a central courtyard, a rooftop garden, an abundance of natural light and a sense of calm and wellbeing.
5. The Brooke, Bruce
Developer: AVANTUS
Two-bedroom apartments from $455,000
The Brooke includes 99 beautifully thought-out apartments in one and two-bedroom configurations.
Inspired to optimise the best of Canberra, the development is nestled between Belconnen and the City and boasts convenient access to medical, educational, sporting, retail, and commercial precincts.
Designed by JUDD.studio, the homes include traditional and futuristic elements, spacious backyards and balconies and a contemporary colour palette.