A boutique over 55s lifestyle community aims to fill a gaping hole in Canberra’s property market.
The Gardens at Monash development in North Tuggeranong has been approved and homes are now selling off the plan, with completion expected in early 2025.
Independent Property Group sales consultant Nicholas Jacob said mature Canberrans were “crying out for single-level living in an age-qualified community”.
He said many downsizers were seeking high-quality lifestyle opportunities in communities where they were surrounded by neighbours around the same age, with similar interests.
“The Gardens at Monash has been specifically designed for over 55s or retirees of any age,” Nicholas said.
“There’s not a lot of choice for retirees who are ready to sell their larger homes in Canberra. Most townhouses are a minimum two levels, and a lot are three or four levels.
“Downsizers are being pushed into multi-level or apartment living, and many are not moving at all because they can’t find a suitable alternative.
“These boutique, single-level villas are just what people have been looking for.”
The development of 17 homes is expected to attract interest from retirees and over 55s from Tuggeranong, as well as the Woden Valley – and Nicholas expects them to be snapped up quickly.
“We’ve had lots of interest already, and we’ve sold similar homes in previous developments at The Gardens at Fadden and The Gardens at Gowrie over the years,” he said.
“At the recent Aged Expo we had thousands of people come through and had many face-to-face conversations about downsizing opportunities, and a huge response to this development.
“People are asking why there aren’t more of these single-level townhouses being offered to the market.”
Nicholas said the developer, Madison, was Canberra owned and had been developing properties in the capital since 1986 with more than 3000 dwellings completed to date.
“They have received in excess of 20 industry awards and have won four Medium Density Project of the Year awards for communities just like The Gardens at Monash,” he said.
“Similar Madison projects have been highly sought after over many years because people know they are going to be of high quality and well appointed with well thought out inclusions.
“The developer has really thought about the demographic of the occupants, adding things like built-in bench seats in the showers, raised power points and appliances selected for their ergonomic design as well as future proofing with provisions for grab rails.”
With seven different floor plans and three interior-designed colour schemes to choose from, as well upgrade options, each purchaser will have an opportunity to decide on the look and feel of their home.
The homes offer generous living spaces and three good-sized bedrooms as well as single or double lock-up garaging with internal access.
High-quality inclusions and sustainable design elements will ensure an energy-efficient home with solar panels and the added option to upgrade to electric car charging.
Unlike apartments with cramped balconies, the homes featured a fully landscaped courtyard with room for a pet or small garden, Nicholas said.
“Having that extra space is important for people downsizing from a large home,” he said.
Highly considered landscaping throughout the community will include a refined selection of mature trees, an orchard and community garden where each resident will have a raised garden bed for ease of use.
Two petanque courts with covered seating are also part of the community area, along with a covered barbecue area with table and seating, and a community shed which can be used as a workshop or however the residents choose.
Nicholas said other huge benefits for purchasers included no deferred management or exit fees and owners would retain 100 per cent capital growth when the dwelling was eventually sold, unlike most age-focussed villages in the ACT.
“The Gardens at Monash will not be operated like other corporate-run retirement village communities,” he said.
Downsizers can say goodbye to the constant grind of a high-maintenance home and upgrade to a lifestyle where they’re free to travel and experience life without compromising on the important things.
In a secluded setting away from the hustle and bustle of the city centre, The Gardens at Monash is in an enviable location with Isabella Pond and Tuggeranong Creek on the back doorstep, and nearby shopping facilities such as the Erindale Centre and South Point Tuggeranong only moments away.