Perched on an elevated block, this award-winning home offered for sale has been built around towering gums and captures bush views from its windows.
Offering serene hilltop views from a prime Canberra pocket, the stunning five-bedroom home at 5 Northcote Crescent, Deakin, ACT - winner of the 2025 HIA ACT/Southern NSW Home of the Year - is being sold for circa $9 million.
ICON House was awarded the HIA ACT/Southern NSW Home of the Year 2025. Picture: realestate.com.au
Set on a 1796 square metre block, ‘ICON House’ was built around established natives and offers views to Brindabella Mountain Range and Parliament House. Highlights include a master bedroom that sits elevated amongst towering gums and generous living spaces that capture bushland vistas.
“There’s been a lot of beautiful properties sold, but nothing this high calibre at this scale,” said Josh Morrissey of HIVE Property.
“Being able to actually get your hands on one that's ready to go, and only 12-months old is pretty rare.”
The home sits elevated into the hillside in one of Canberra's most prestigious pockets. Picture: realestate.com.au
He said potential buyers have been impressed by how the builders have fitted a large home on an elevated wedge-shaped block, incorporating existing trees and nature into the design.
“It’s quite effortless. Although the build is quite modernist, and there's some brutalist elements to it, it's softened by its position on the block, which is quite rare. It’s just a really good combination between architecture and nature.”
The home features multiple living quarters, including a fifth bedroom wing that can be converted for live-in help. Outdoors, there’s a heated pool, spa, sauna and entertaining area with firepit.
Outside, there's a 10m x 4m swimming pool and large open area that can be used as a soccer field, basketball court, or pickleball court. Picture: realestate.com.au
Most inquiries had come from relocating professional families, he added.
While the luxury market remains stable, Morrissey said performance varies by price bracket.
Oversupply in the $3-5 million range over the past year has offered buyers more value.
However, properties from $5 million-$8 million are taking longer to sell.
“For properties between $5 million to $8 million, days on the market are double,” he said.
“We’ve actually seen buyers go down in price point, which has made it harder for properties between $5-8 million to sell. But the price and calibre of properties to the market is actually increasing.”
The statement kitchen features Cascata Grey honed marble benchtops, custom joinery and European appliances. Picture: realestate.com.au
Strongest demand is for move-in ready homes on stand-alone blocks larger than 1500sqm and less than five years old, he said.
Typical buyers are affluent professional families willing to pay a premium for homes they can move straight into.
“They don't want to spend two, three or four years building a home like ICON, they just want to be able to move in, so they’re happy to pay a premium.”
A commercial-grade internal lift connects every level. Picture: realestate.com.au
Although many inner-south suburbs are experiencing declining market conditions, high-quality turnkey homes are performing best, Morrissey added.
Rising build costs, economic uncertainty and stricter tree protection rules have also made it harder and pricier to build comparable homes.
“Because of zoning changes, you can't actually replicate this home anymore. If you can find one that's already done and people have already jumped through those hoops, generally that's a big drawcard.”
The home has five bedrooms, six bathrooms and a secure four-car garage with epoxy-finished floors. Picture: realestate.com.au
He said the recent sale of the smaller, architecturally designed HALO at 29 Gawler Crescent, Deakin - for an undisclosed price and reported record for Canberra this year - had helped drive interest towards ICON House.
English (US) · 