15 November 2023

Downsizer dream: new Gardens development to fill huge void in Canberra's property market

| Katrina Condie
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Render of external homes at The Gardens

The Gardens at Monash will offer single-level boutique living. Image: Independent Property Group.

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.”

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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.

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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.

The villas are priced from $725,000. To find out more, visit The Gardens at Monash or contact Nicholas Jacob at Independent Property Group on 0432 177 449.


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Nick Stevens10:04 am 20 Nov 23

Look bog standard to me, depressive with a lack of any external privacy. Fail…must try harder.

But are they rip-offs like many retirement villages? After many years there and other housing increasing in price, you get much less on sale than you paid for it. And pay much higher body corporate fees than an equivalent no retirement apartment.

I looked at downsizing until the cost of a much smaller dump was more than what my house was worth and would mean re-mortgaging. Hardly an incentive

Capital Retro11:29 am 21 Nov 23

The developers “sell” the fact that these developments are stamp duty free (you don’t get title, only liscence to occupy) so if you buy a separate title townhouse elsewhere you pay the full transfer stamp duty.

As a late 30s individual, I’d also like an affordable townhouse in a nice community with no kids around. It’s a shame these places are restricted to over 55s

As someone who has some experience with lifestyle villages, I would suggest that the term “affordable townhouse” is not particularly apt for these complexes.

They are called ‘lifestyle villages’ for a reason … it’s the lifestyle that attracts buyers not the ‘affordability’.

catlady14, I too wouldn’t have minded a one level townhouse, designed as solar passive (and hopefully more architecturally interesting than the above example), but with enough room for a sunny good sized vegetable garden and maybe three small fruit trees. Unfortunately, such places don’t exist, so I was forced to do a knockdown-rebuild (old house taken away to be reused) instead to get this. The 650 sq m block is bigger than I needed for this and needs too much work for me to keep the garden immaculate.

“They are called ‘lifestyle villages’ for a reason … it’s the lifestyle that attracts buyers not the ‘affordability’.”
It’s the button for help and not needing to care for a garden that attracts.

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