Lakeside views for $4.5M

By 9 June, 2008 19

The Canberra Times is reporting that $4.5 million apartments with some of Canberra’s best views are selling off the plan.

Located on the northern shores of Lake Burley Griffin, The ApaRTments will form part of the Molonglo Group’s $350 million NewActon urban village which is partly completed and preparing for the 18-storey tower construction.

Apparently Canberrans are shelling out $4 million and $3 million for four-bedroom penthouses and three-bedroom sub-penthouse apartments in the tower development.

If I had that sort of money I would buy Narooma.

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19 Responses to Lakeside views for $4.5M
#1
Headbonius5:31 pm, 09 Jun 08

I wonder if the Socialist ACT Government has set some aside for public housing? Deb Foskey would love one!!!! GOOOOOOOOOOOOOOOO DEB!

Imagine forking out between 3 and 4 million dollars then having Deb Foskey as your neighbour? FFS.

#2
Hippo8:23 pm, 09 Jun 08

Do these hidiously expesive homes (yes, i use the term lightly), have any open spaces dedicated for children’s play areas, or are we becoming a one generational city.. (then again, forking out over 4mil for somewhere to live, either you dont have kids, or you know you’ll never be able to afford them.

#3
LlamaFrog8:52 pm, 09 Jun 08

I so dislike the whole public housing forced on housing developments. It destroys the house value that could be returned for the developer and investors and simply isn’t appropriate in most developments.

#4
ant8:54 pm, 09 Jun 08

They can put the Public Housing in the cellar, they can wash the cars down there. Or if they have kids, they can live up on the roof with the satellite dishes (in a nice box) and clean the chimneys, and satellite dishes.

#5
eh_steve9:42 pm, 09 Jun 08

“if I had that sort of money I would buy Narooma.”

Pool Room!

#6
ant10:49 pm, 09 Jun 08

I second the motion, that’s not bad.

But I wouldn’t pay money for Narooma. broulee now, that’d be something else.

#7
areaman1:38 am, 10 Jun 08

areaman said :

It destroys the house value that could be returned for the developer and investors

So what, that’s just more money for greedy developers and investors, and neither seems to be in short supply even with the current rules in place. Given the choice between the public good of more hosing for people in need or the private good through even higher housing prices it seems like a bit of a no brainer (at least until demand becomes the property constraint rather than supply).

#8
captainwhorebags8:37 am, 10 Jun 08

I’d rather see the public house “cost” spread across the whole community instead of concentrating them into ghettos.

Society benefits more from decent public housing than from a marginally higher return on investment to the wealthy.

#9
Thumper8:47 am, 10 Jun 08

High density housing shoved artificially into a long standing outlying community can only lead to problems.

Whatever happened to the community facilities and aged care?

Urban community parks I say. Plant the trees and they will come….

#10
mirage310:12 am, 10 Jun 08

Sorry Thumper, I aint selling my bits of Narooma.

#11
AG Canberra10:21 am, 10 Jun 08

3-4 mill – imagine the serenity you could get for that!

#12
Kramer11:37 am, 10 Jun 08

I’ll keep my 4 beddy in Belco, and pocket the change thanks…

#13
AussieGal831:21 pm, 10 Jun 08

If you had that much money to shell out on a home, why would you do it in Canberra?

#14
Kramer1:23 pm, 10 Jun 08

Because you would get bugger all in Sydney.

#15
Skidbladnir1:48 pm, 10 Jun 08

If you had $4.5 million to splash around on a house in Canberra, of all places, why not go for one of the big apartments in Forrest at the foot of Capital Hill?

And then just rent it out to corporate bigwigs?

#16
Holden Caulfield4:18 pm, 10 Jun 08

I was checking out the apartments.com.au website on the weekend. The views from the penthouses will be some of the best in Canberra. If I had the dollars and the inclination I would be signing up I reckon.

#17
peterh5:23 pm, 10 Jun 08

Where exactly is the northern shores of LBG? is that near the GDE?

#18
Heavs5:45 pm, 10 Jun 08

^^^
Next to Rydges in City West. It is a pretty good location.

#19
b boy 0707:03 pm, 12 Jun 08

Its only a lake, not sydney harbour. You can put brains in statues.

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