Metropol offers a rare foothold into Canberra’s property market

Market Insights
2 years ago
3 minutes

Canberra’s property market is in the midst of a boom, continuing to exceed all pre-Covid expectations well into the second half of 2021. Leading property economist and commentator Dr Andrew Wilson described Canberra’s performance as “remarkable” and “outstanding” during his recent trip to the capital. 

The capital stands as one of the most secure economies and has demonstrated the strongest growth in the nation. Boasting a solid rental market, low vacancy rates and world-class education, Canberra is rightfully piquing the interest of many investors. Dr Wilson commented, “It is remarkable to see how many market-factors Canberra is now leading, and how much growth there has been across the board for the market to arrive where it is today.” 

Amid this growth, Geocon - Canberra’s largest property developer - has established developments in each major town centre across the state and now presents Metropol. Designed by the industry-acclaimed Fender Katsalidis, Metropol is primed to maximise the potential of this booming market. 


Premium apartments and exclusive amenities 


Located at 81 Cooyong Street, the newly completed Metropol precinct welcomed residents from September, with limited one, two and three-bedroom apartments remaining. The development spans three distinct buildings and features 552 premium apartments and a host of exclusive amenities. 

Metropol residents will have exclusive access to three rooftop gardens, two swimming pools, al fresco dining facilities, kids play area, residents’ kitchen and lounge room. Inside, all apartments feature a palette of durable and stylish finishes, energy-efficient lighting, spacious balconies and generously proportioned floorplans to maximise natural sunlight. Kitchens showcase stone benchtops and high-end SMEG appliances, while the bathrooms are defined by full-height tiling, semi-frameless screens, and a bespoke vanity. 

Geocon is renowned for its ability to create urban spaces with world-class amenities. However, the brand also prioritises location and convenience to offer some of the most liveable developments in the state. Metropol is no different, located ideally within proximity to some of Canberra’s best offerings. 

Metropol residents will have their choice of Australia’s leading universities, such as ANU, University of Canberra and the new UNSW campus, all within a 15 minutes drive. Residents will also find themselves within minutes to government offices, the Canberra Centre and all the big city attractions.


Investment opportunities in a booming market


Dr Andrew explained, “Using Geocon’s Nightfall and High Society projects in the Republic Precinct as an example, investors can expect average rents of $650, easily accommodating a positively geared loan and a set-and-forget path to becoming financially secure.”

He also emphasised the incredible opportunities Canberra offers to investors; “With interest rates so low, negative gearing is less attractive, and yield really has to come into play. The full rental market and fastest returns of any city over the last five years really do make Canberra an obvious choice for property investors.”

At Metropol, investors can take advantage of +7% rental yields and -1% vacancy rates, while eligible first home buyers are offered a prime opportunity to enter the property market, with a waiver on stamp duty available across all Geocon developments, inclusive of Metropol.*

To visit the on-site display suite or for more information on Metropol, click here. 

*Terms and conditions apply.