Canberra's First Luxury Apartments Rise at Lake Ginninderra

For most of the past decade, "luxury" in the Canberra apartment market meant little more than a better fit-out and a lake view. The structural ingredients of premium living elsewhere, architecture with a name attached, hotel-grade shared amenity, a builder with a long track record, were largely absent. Property specialist Shane Anderson argues that is now changing.

What luxury now means in the ACT

The shift is less about price than about what a buyer receives. Developments such as The Lawson pair Fender Katsalidis architecture and Bond Theory interiors with Club Lawson, a residents-only floor running to a pool, infrared sauna, gym, yoga and meditation studios, a private dining room and a whisky bar. That package, rather than a headline price, is what now signals the top of the Canberra market.

Why Belconnen, and why now

The Lake Ginninderra precinct in Belconnen offers waterfront land at a scale that the inner south cannot, which is part of why the most ambitious projects are appearing there. With two-bedroom apartments from under $500,000 and three-bedroom homes from the $650,000s, the value equation is also drawing interstate attention from buyers who would pay considerably more for comparable amenity in Sydney or Melbourne.

Sales for The Lawson are handled by Apartment Collective.

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