Southside Canberra

Two rare development opportunities in Canberra’s prestigious inner south, with an estimated combined yield of more than 660 dwellings. The two suburbs offer five sites that will be auctioned 20 March 2019

Development opportunities rarely come better than this—two suburbs in Canberra’s desirable inner south. Two ideally located sites with 5 separate blocks for sale, close to shopping, transport, sporting facilities and the city’s most prestigious schools. Two chances to make your mark in Australia’s capital.

The auction of these sites marks the next stage in the Australian Capital Territory (ACT) Government’s urban renewal program, driven by the vision for a re-invigorated Canberra. The sites in Griffith and Narrabundah provide exceptional scope for innovative town-house and low-rise residential development.

Australia

Australia boasts 27 years of consecutive annual economic growth – a record unique among developed economies. Fundamentals of the economy remain strong with the pace of economic growth increasing in the last financial year. As well as being a secure place to invest and do business, Australia’s tradition of home ownership promises great rewards for the residential developer.

Canberra

Canberra

Canberra could well be Australia’s property hot spot. The ACT has the nation’s lowest unemployment, the highest-paid workforce and an economy growing at more than twice the rate of Australia overall. The city consistently gets high marks in liveability rankings, attracting educated, affluent professionals. This combination of sustained population growth and financial stability drives a continuing demand for quality housing.

National Average Income — $76,776

$112,060

Griffith

$106,340

Narrabundah

Canberra rentals have a 0.8% vacancy rate

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0
0
8
8
8

6
3
D
The weighted average time on the market for the inner south units is 63 days
A
Y
S

Gross Yield
(Allhomes Q4 2018 Rental Report)
3.24%

Average weekly household income
(2016 Census)
$1,750

Gross Yield
(Allhomes Q4 2018 Rental Report)
3.20%

Average weekly household income
(2016 Census)
$1,542

C B R

Gross Yield
(Allhomes Q4 2018 Rental Report)
4.36%

Average weekly household income
(2016 Census)
$2,087

Griffith

The inner-south is one of Canberra’s most desirable residential areas, where leafy streets lined with embassies and fine old homes encircle Australia’s Parliament House. Just 10 minutes from Canberra’s city centre, this Griffith address means easy access to boutique shopping, cafés and fine dining in the Manuka and Kingston retail areas. Canberra’s top private and public schools are just minutes away and more than 20 parks cover nearly 12 per cent of the suburb, providing a lifestyle without equal.

Map is indicative only

484Estimated Maximum Yield

RZ5Zoning

Stuart Flats
Four sites available each to be sold separately (with central Light Street Park to be upgraded by the ACT Government). Located in Griffith bounded by Stuart St, Captain Cook Cres and Evans Cres. The sites have been zoned as RZ5 High Density.

Block Land Size Yield
Block 25, Section 39 3,695m2 70
Block 23, Section 39 4,514m2 100
Block 24, Section 39 12,080m2 282
Block 6, Section 43 2,163m2 32
Combined 22,452m2 484

Narrabundah

The next-door neighbour to Griffith, Narrabundah draws its name from the local Aboriginal word for “bird of prey”. Tree-lined streets, open spaces and parkland give the suburb its unique character, while its proximity to the city centre and Lake Burley Griffin make it a favoured residential location. Vibrant local centres including Manuka and the Kingston Foreshore offer a host of shopping, entertainment and eating-out options. With its diversity and strong sense of community, Narrabundah is a suburb on the move.

Map is indicative only

177Estimated Maximum Yield

RZ5Zoning

Gowrie Court
39 Mcintyre Street Narrabundah
Blocks for sale: 1 to be sold separately
The site has been zoned as RZ5 High Density.

Block Land Size Yield
Block 3, Section 62 13,775m2 177

For sale
by auction
20.03.2019

11am (registrations open from 10.30am)
The Bradman Room, Manuka Oval
Manuka Circle, Griffith ACT 2603

Site by Swell Design Group