Canberra’s Newest Suburb Inundated With Interest
Ginninderry’s Macnamara house and land release is the capital’s hottest property.
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Last week, Ginninderry — a joint venture between the ACT Government and Riverview Developments — released 71 blocks of land and 55 house and land packages in Canberra’s newest suburb, Macnamara.
With the land being sold by ballot, Kanebridge News understands that at the time of writing Ginninderry has recorded approximately 4500 registrations, with the ballot closing on February 4 2022.
The acute level of interest in the new suburb follows an unprecedented 2021 that saw residential property in Canberra rise 24.9% in value over the calendar year, according to data from CoreLogic, reaching a new median price of $894,338.
The suburb of Macnamara — named after Dame Jean Macnamara— is the second suburb in the award-winning Ginninderry project, located to the west of Strathnairn and bordered by a conservation corridor with spectacular views of the Brindabella Mountains.
Project Director Steve Harding said the launch of Macnamara was an exciting milestone.
“More than 750 people now call Ginninderry home in our first suburb, Stratihnairn, so as we move into our second suburb, we have an opportunity to further our commitment to inspire a new way of living,” explained Mr Harding.
“Part of that will see Macnamara become the first Canberra suburb with all homes requiring a minimum 7 Star Energy Rating.”
In addition to its sustainability credentials, liveability is said to be at the forefront of the suburb’s design with access to nearby dog parks, new recreation and picnic areas, bus stops and cycling paths throughout Ginninderry and into broader West Belconnen.
Blocks of land in the first release range in size from 350sqm to 935sqm, with ballot registrations closing on 4 February 2022.
Early indications from several big regional real-estate boards suggest March was overall another down month.
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A heritage-listed Federation estate with tennis court, pool and studio, Marika offers timeless elegance and modern family living in the heart of Hunters Hill.
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A grand old dame who has stood the test of time, Marika is a slice of Hunters Hill heritage transformed for modern-day living.
Meticulously renovated between 1981 and 1983, with several updates since, Marika made it onto the heritage register in 1999 just in time to signal a new millennium. Today, the modernised mansion is on the market with an auction price guide of $7.5 million, marketed through BresicWhitney’s Nicholas McEvoy.
“The home is a fantastic opportunity for a discerning buyer to get a grand family estate-style property, with a pool, tennis court and grounds, for a price that’s much more affordable than expected,” McEvoy says.
Sitting pretty on the corner of Augustine St and Ryde Rd, the stately Federation residence occupies a sprawling 2472sq m block, which was once part of a 30-acre land grant handed to Frederick Augustus Hayne in 1835. In 1902, he sold it to Dr Leopold Augustus Carter, a local dentist. Two years later, Marika, then known as “Ryde”, appeared in the famed Sands Directory – the social media of its era – a symbol of its architectural significance.
Surrounded by manicured gardens with sculpted hedges, a pool and full tennis court, Marika is a prime example of Federation style with contemporary elements.
Inside, the single-level five-bedroom home showcases intricate craftsmanship, from its decorative gables, period archways and bay windows to the coloured glass panels on multiple doors and windows. Elegant formal rooms have high ornate ceilings that are a preserved nod to Marika’s past, while the more modern spaces are relaxed family-friendly zones.
Thanks to a pavilion-style addition, the L-shaped layout measures 450sq m internally and wraps around a central courtyard that plays host to the alfresco dining terrace and pool, while a wide veranda frames the original front rooms of the house.
Primary living spaces, including the dining area with integrated bar, open to the great outdoors via stacker doors and the 21st century kitchen has a large island bench and a butler’s pantry with hidden access to the triple lock up garage. There is also a dedicated media room, a library or home office, plus a separate family room with a beautiful bay window.
All bedrooms feature built-ins while the main retreat, and a second bedroom, have shower ensuites. The shared bathroom houses convenient twin vanities and a freestanding bathtub.
Beyond the interiors, Marika delivers resort amenities with a full-sized, floodlit tennis court, the pool, barbecue terrace and a self-contained studio apartment with the added bonus of Harbour Bridge glimpses.
Added extras include a converted loft storage space, a large laundry with side yard access, ducted air conditioning, multiple fireplaces, solar panels with a battery backup and modern insulation.
Accessed via Augustine St, Marika is close to St Joseph’s College, Boronia Park shops, local ovals and city transport.
Marika at 59 Augustine St, Hunters Hill is set to go under the hammer on April 26, on site at 9am with a price guide of $7.5 million. The listing is with Nicholas McEvoy and Narelle Scott of BresicWhitney Hunters Hill.
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