“While this may seem high to some, the size and quality of the penthouses on offer has never been seen in Woden before and previously you would have to look in the City or Inner South to find a similar offering,” LJ Hooker Projects General Manager, Andrew Ligdopoulos says.
The two larger penthouses with 280m of living space sold well beyond what is typically seen in Woden. These prices and quality are on par with penthouses found in the City, however The Shard residences are larger and therefore buyers are getting more out of their investment.
“Buyers have responded with urgency to Woden’s first premium apartments with over 150 sales in the first three months of pre-sales; The Shard has been Canberra’s fastest selling development in recent times,” Andrew says.
Most interestingly, over 90 per cent of the buyers are locals, who have been drawn by the level of quality and inclusions never presented in the Woden apartment market before.
"Many buyers now put quality above price on their apartment shopping list, particularly owner occupiers, so we are seeing buyers drawn to the level of inclusions unheard of in Woden.
"And then there is location, with The Shard literally on the doorstep of Westfield Woden, it is the only new residential building which passes the shopping trolley test, where you can truly walk from Woolies to your apartment carrying your groceries,” he says. With notable price records and rapid sales, The Shard by Zapari has truly led the way for Woden to pivot into more premium apartment offerings, proving the appetite is there.
Records as follows:
150 sales in 3-month of pre-sales.
$2.275m for a 4-bed penthouse – Canberra downsizer
$2.817m for a 5-bed penthouse– Canberra family
$1.4m for a 4-bed apartment– Canberra downsizer
$915,000 for a 3-bed apartment– Canberra downsizer
$765,000 for a 2-bed apartment– Canberra downsizer
$517,000 for a 1-bed apartment - Canberra first homeowner
*Previous Woden sales record $1.145m