When it comes to price resilience in detached homes, look no further than the prized Inner South.
Domain data points to a 4.2 per cent house price growth in 2018 and local agents believe it will remain strong throughout this year.
Tony Trpeski of Peter Blackshaw City & Inner North says a key part of the Inner South’s appeal is driven by socioeconomic demographics.
“Basically, it’s generally populated by people who have the means to live in a desirable location that’s close to everything,” he says.
“The relative scarcity of opportunities and strong buyer motivation means the Inner South is always in demand. It’s a consistent performer.”
Trpeski says some heat has gone out of the market due to the tightening of lending practices, but that had cleared the way for genuinely motivated sellers.
“The Inner South take any bumps in its stride and will turn in another strong performance in 2019.”
Louise Harget of Belle Property Kingston says there are a wide range of detached offerings in the Inner South, from dual occupancies to knock-downs to multimillion-dollar dream homes.
“You can find everything from a 1920s character cottage through to the latest in architectural design,” she says.
“What ties them all together is the land. As the old saying goes, they are not making any more of it and, arguably, land in the Inner South is prized above all other.”
Harget anticipates a period of “wait-and-see” around the upcoming federal election, but is confident the market will rebound into a solid spring and run toward Christmas.
- Location. The first principle of real estate – and the second and the third. The Inner South, as home to some of Canberra’s first suburban developments, enjoys a location that is close to everything.
- Rare earth. Much of the value in an Inner South location is locked into the land on which homes are sited. As the old saying goes: “They are not making it any more”.
- Choice. There is a wide variety of choice in the Inner South – from dual occupancies on manageable blocks to knock-downs and rebuilds, plenty of family options and multimillion-dollar dream homes.
Allhomes’ top pick of homes for sale in the Inner South:
5 bedrooms, 2 bathrooms, 4 car spaces
There are architectural treasures to be discovered in the sought-after Inner South.
Some are shielded from public gaze by tall, thick privacy hedges while others stay hidden in plain sight.
Number 9 Mugga Way is a classic art deco-inspired family home with unmistakable presence, enhanced by motorised security gates and a dual access driveway.
The solid brick construction with a roofline that anticipated the later Modernist movement sits on 2327 square metres of meticulously landscaped rare earth.
Inside, the highlights include Sydney Blue Gum flooring, a lounge with fireplace and a dining room complete with a crystal chandelier from Prague.
There’s an open plan family room (with fireplace) and a light-filled casual meals area. The luxe kitchen features Miele appliances, black granite bench tops and a walk-in pantry.
There are five bedrooms with the generous master incorporating a dressing room and an en suite with double vanity, heated towel rail and in-slab heating.
Outdoor entertaining is enjoyed on a terrace overlooking the established grounds. The athletically-minded will enjoy the benefits of a full-sized tennis court.
There’s also a separate home office, a wine cellar and separate storeroom, a double garage with internal access and two further car spaces.
The grounds are serviced by five 17,000-litre water tanks, set up for automatic irrigation.
Of course, the home is close to schools, the parliamentary triangle and popular shopping precincts.
Agent: Peter Blackshaw City & Inner North, Tony Trpeski 0413 168 733