Canberra house sales break auction records
Property
The housing market in Canberra is absolutely back with a vengeance. There were a record number of auctions last week: 178 homes went under the hammer and 85.7 per cent were sold. This is the highest clearance rate of all the capital cities. Real estate agents describe the figures as incredible with sellers making up for lost time. One of...
Homebuyers and builders caught in perfect construction storm
Property
New home buyers are facing delays and price increases as builders cope with mounting materials and labour shortages in the midst of a housing and infrastructure boom. They are being warned to expect budget blowouts and extended completion dates while builders see their profit margins wiped out by rising costs. Industry sources say it is a perfect storm whipped up...
Government looks to market for build-to-rent options
Property
ACT Government moves to encourage build-to-rent developments to boost the supply of affordable and secure rental accommodation have been welcomed by the ACT Property Council. The government commissioned a feasibility study into the BTR model a year ago. Now it has announced a market sounding through the Suburban Land Agency to test interest from the private sector and community housing...
Good size and in good condition, this Crace townhouse could be your Goldilocks moment
Property
Boasting a low-maintenance lifestyle, quality inclusions and light-filled living, this stylish and modern three-bedroom terrace home is just right. Badenoch Real Estate agent Symon Badenoch says 26 Fairfield Street in Crace is fresh on the market, having had two inspections and plenty of interest over the last week. "People love the fact that it is separately titled and there is...
Training college releases plans for new campus in Gungahlin Town Centre
Property
A Canberra training college has unveiled its plans for a new vertical campus in a mixed-use development in the Gungahlin Town Centre. It will include plans to develop two buildings side by side on the corner of Gungahlin Place and Camilleri Way (Block 4, Section 246). The buildings will include ground-floor commercial tenancies, a new training facility, a restaurant, serviced accommodation...
Dreamy Ngunnawal mansion began as magazine clippings in a teen couple’s scrapbook
Property
You wouldn't know it to see it today, but 19 Tanderra Crescent in Ngunnawal comes from humble origins, starting as a random collection of magazine clippings in a scrapbook. For the current owners, it was a high-school love story. "We met in Year 7 and our relationship started," one of them says. "Come Year 10, we started planning our dream...
Watch the golfers tee-off from this grand residence on Harcourt Hill
Property
Love golf? This home will suit you to a tee! Sit out on the balcony with your morning coffee and watch the golfers at play from this impressive home on the hill in one of Canberra's most sought-after localities. Enviably positioned on Harcourt Hill, 1 McRitchie Circuit in Nicholls offers stunning panoramic views of the Gold Creek Golf Course, a...
Aged care plans for Gold Creek Homestead on go after sale sealed
Property
Lendlease's proposed redevelopment of the historic Gold Creek Homestead precinct in Gungahlin will move into the planning stage after the signing of sale contracts. The ACT Government named the national development group, which proposed 45 independent living units and a residential aged care facility, as the preferred tenderer for the site in March. The deal also means the original Gold Creek...
Canberra property presents a compelling investment case that’s unlikely to slow down
Property
The ACT has firmed as a leading Australian investment prospect over the last 12 months, with the latest data confirming champion status of the Canberra housing market, for both owner-occupiers and investors. July's figures again revealed Canberra at the top of the pile for most key capital city housing market performance indicators, inclusive of both houses and units. My Housing...
A rare gem nestled away on a quiet Canberra street
Property
In today's hotly contested property market, it's pretty rare to find a townhouse in Ngunnawal like this charming single-level one at 2/26-30 Margany Close. Location-wise, you don't get much better than this. Within walking distance of Yerrabi Pond with its impressive playground and Gungahlin Marketplace, there's a light rail stop practically at your doorstep meaning the city is a stress-free ride...
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...
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