Lyneham apartments present ideal Canberra investment

AT A GLANCE:

• Developer: JWLand
• Builder: JWLand Construction 
• No. of Apartments: 351
• Estimated Completion Date: Mid-2025

Located three kilometres from Canberra’s city centre, De Burgh at Northbourne Village presents a vibrant lifestyle within easy reach of everything the city has to offer. Thoughtfully designed, these are homes of the future, taking technology to a new level just steps away from the Sullivan’s Creek parkland – the perfect balance between modern and secure inner-city living and a tranquil lifestyle surrounded by nature.

Occupying a commanding presence on arguably Canberra’s most known boulevard, Northbourne Avenue, De Burgh is an attractive investment opportunity, particularly with the city’s strong rental market and growth prospects.

As part of a developing precinct – the third and final residential release at Northbourne Village, De Burgh offers modern amenities and seamless connectivity, making it a prime off-the-plan choice for investors.

Canberra’s current rental market

Canberra’s rental market is showing significant strength. The median rental yield in the city is around 5.6%, and a current vacancy rate of just 1.9% in the in-demand suburb of Lyneham, indicating strong demand for rental properties. This demand is driven by ongoing population growth, infrastructure projects, and government initiatives, which ensure a steady influx of tenants searching for quality residences.

A key advantage for investors in Canberra is the percentage of profit-making sales in the city. Allhomes’ August 2024 Market Fact Pack report shows that 94.4% of Canberra’s unit resales made profit, making an average of 35% in profit. This means investors can potentially make $150,000 for the sale of their apartment – a higher figure than Melbourne’s and Perth’s.

What’s more, the capital city is underpinned by the Federal Government, has low unemployment rates (3.6%, lower than the national average of 4.2%), and the highest average wages in the country except Sydney (an average of $80,000 compared to Sydney’s $82,000 average). This further enhances investment prospects by creating a more favourable environment for property acquisition and rental income generation​.

A snapshot of Lyneham

Canberra continues to maintain its position as one of Australia’s strongest rental markets. Lyneham, for example, has seen a 5.8% per annum growth rate for units over the last three years. In the past 12 months, the suburb has also seen a 6% growth in the median price for units, now sitting at $530,000.

This substantial growth indicates that investing in properties like De Burgh offers the potential for substantial capital appreciation over time.

As one of Canberra’s most desirable neighbourhoods, Lyneham is close to the city centre and key infrastructure. Sitting on a prime address in this locale, the light rail runs right past De Burgh’s door, providing excellent connectivity. Its local restaurant scene and surrounding walking and cycling paths make it a truly great postcode to call home.

Your De Burgh residence

Developed by prominent Canberra-based developer JWLand, the Northbourne Village residential precinct is taking shape. It is set to be completed in the second half of 2025 by JWLand’s award-winning in-house construction team, which was awarded the National Business Excellence Award for Large Commercial Building Company at this year’s Master Builders Australia National Business Excellence Awards in Melbourne.

De Burgh is the precinct’s third and final residential release, comprising architecturally designed one-, two-, and three-bedroom apartments. Located across the road from Dickson’s dining, drink, retail, and entertainment amenities, residents are spoilt for choice. Lyneham itself is home to a thriving cafe culture, sporting facilities, and walking trails, further fostering a vibrant lifestyle.

Inside, light-filled living spaces seamlessly connect with generous outdoor areas, while double-glazing ensures peace and privacy, helping keep energy bills under control.

Designed to be homes of the future, residents can use an app to control their homes from their phones. This includes turning lights and air conditioning on and off remotely and unlocking the front door with their phone. The Smart Lock system also gives them complete control over who has digital keys to their apartment and when they can use them.

With a residents’ gymnasium, secure parcel lockers in the mail room, a landscaped central courtyard, and a rooftop garden with BBQ facilities, everyday living is made effortless in De Burgh.

Looking ahead… 

Canberra’s property market has a positive long-term outlook, with the inner north, Molonglo Valley, and Belconnen areas expected to experience rapid advancement. This growth, combined with population expansion and infrastructure development, positions De Burgh as the ideal investment option.

One-, two-, and three-bedroom apartments are available at De Burgh at Northbourne Village, with one-bedders priced from $490,000.

Construction is underway. Move in next year. To enquire or find out more, click here.