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 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 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
Canberra rentals have a 0.8% vacancy rate
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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.
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 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|
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.
39 Mcintyre Street Narrabundah
Blocks for sale: 1 to be sold separately
The site has been zoned as RZ5 High Density.
|Block 3, Section 62||13,775m2||177|
11am (registrations open from 10.30am)
The Bradman Room, Manuka Oval
Manuka Circle, Griffith ACT 2603