329 dwelling development proposed for Gungahlin Town Centre
Property
Plans have been unveiled for a big new mixed-use development on the southern edge of the Gungahlin Town Centre as the community grapples with an over abundance of apartments and lack of commercial development. The proposal from Core Developments does include 500 square metres of ground floor commercial space but the mix of multi-storey units and town houses totals 329...
Where to look as ACT’s sky-high rents keep rising
Property
There were slightly more rental properties available at the end of June but Canberra's rents remain the highest in the country for both houses and units. The latest data from SQM Research shows there were about 60 more properties available than in May for a total of 492 and a marginally better, although still very tight, vacancy rate of 0.7 per...
Gungahlin high-rise approval shows system is broken, says community council
Property
A Geocon high-rise apartment development in Gungahlin has finally been approved, but the local community council and neighbouring child care centre say it's a case study of why the planning system is broken. Gungahlin Community Council and the YMCA Early Learning Centre opposite it have been battling the project – known originally as Air Towers and renamed The Establishment – since the...
Dreamy five bedroom home stands proud in Crace
Property
With five bedrooms plus a study, three living areas and a choice of outdoor spaces, this grand home in Crace is set to impress. Sleek and contemporary, it's been designed for modern family living, where everyone has their own space. Sam Taylor from McGrath North Canberra says 56 Durong Street in Crace is a stand out property, exuding a feeling...
Confusion over Casey blocks: is it community land or not?
Property
The ACT Government appears to be hedging its bets when it comes to the release of two blocks in Casey adjacent to the Group Centre, which the Gungahlin Community Council believes should be reserved for community use. Blocks 12 and 13 Section 132 adjacent to the Casey Group Centre are zoned CZ1, which allows for a mix of uses, including...
Canberra house prices up more than 20 per cent in financial year
Property
Canberra home values surged 2.3 per cent in June to take the gain for the financial year to a massive 18 per cent as supply dwindles in the face of insatiable demand. The latest CoreLogic data shows growth is being driven mainly by the demand for stand-alone houses, with values soaring by 20.7 per cent over the past year. In...
Stamp duty abolished on off-the-plan home purchases up to $500,000
Property
Purchases of off-the-plan properties priced up to $500,000 will no longer have to pay stamp duty as part of the next phase of tax reform starting on Thursday (1 July). The new stamp duty regime will mean savings for all property buyers, but the ACT Government is trumpeting the benefits for buyers at the lower end of the market and how...
See the ACT’s best value suburbs for buying houses and units
Property
The outer suburbs of Belconnen and Tuggeranong offer the best value for house hunters in the ACT's hot property market, according to new data showing the 20 suburbs with the lowest price by median value. The figures from CoreLogic list the best value 20 suburbs for houses and units as at May 2021, together with the median values from the...
Housing boom blows out time it takes to save deposit, says new report
Property
Couples saving for their first home in the ACT will need to wait almost twice as long to garner a 20 per cent deposit for a house than a unit, and will pay nearly $300,000 more for a house. The 2021 Domain First-Home Buyer Report says it now takes six years to save for a deposit for an entry level...
See the Canberra suburbs in the million-dollar club
Property
Seventeen new ACT suburbs have soared into the million-dollar club this year as Canberra's runaway housing market reaches unprecedented heights. CoreLogic’s inaugural Million Dollar Markets report has identified 218 markets across the country where either house or unit median values in a suburb reached the million-dollar mark in May 2021 compared to May 2020. In the ACT, 22 suburbs made the...
Have we got the development mix right in Gungahlin?
Property
Much has been said recently about the development of Gungahlin Town Centre. In February this year, I moved a motion in the ACT Legislative Assembly, calling on the government to improve the mix of development in our town centre. The aim is to make sure our planning laws provide for a mix of activity in our centres. That people have...
Trainer plans new campuses on Gungahlin Town Centre blocks amid Assembly uproar
Property
The Gungahlin Town Centre land sales this week has been surrounded by controversy but one of the auction results is good news for a community seeking more businesses and jobs and less residential development. Registered training organisation Canberra Business and Technology College bought two of the smaller blocks for $5.1 million and $4.2 million, as part of expansion plans. The...
Call to suspend Gungahlin Town Centre land sales until planning concerns addressed
Property
Gungahlin Community Council has called for the sale of further land within the Gungahlin Town Centre to be suspended out of frustration that concerns about more balanced development there continues to be ignored. In letters on Tuesday (27 April) to the Minister for Planning and Land Management Mick Gentleman and the CEO of the Suburban Land Agency, the GCC says that...
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