Canberra’s Newest Suburb Inundated With Interest
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Canberra’s Newest Suburb Inundated With Interest

Ginninderry’s Macnamara house and land release is the capital’s hottest property.

By Terry Christodoulou
Mon, Jan 24, 2022Grey Clock < 1 min

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.

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By Kanebridge News
Thu, Aug 11, 2022 < 1 min

New research from Knight Frank’s International Waterfront Index shows waterfront properties are costing more than double their inland counterparts in Sydney while in Melbourne waterside properties attract a 40% premium.

Australia’s coastline attracts some of the highest waterfront premiums in the world with Sydney topping the index — an average premium of 121% — compared to an equivalent home set away from the water.

Auckland ranked second on the list of 17 international locations — a premium of 76%. The list saw Gold Coast (71%), Perth (69%) and the Cap d’Antibes (59%) on the French Riviera round out the top 5.

Australia continued to feature prominently in the research with Brisbane’s waterfront premium coming in at 55%, with Melbourne also in the top 10 at 39%.

According to Knight Frank Australia’s head of residential research, Michelle Ciesielski, there has always been strong appetite for Sydney’s waterfront homes.

Australia’s luxury residential market has advanced, it lacks the depth of prestige markets in more established global cities said Cieselski.

“As a result, our Australian cities can achieve a significantly higher premium on the waterfront compared to a similar property inland without access to, or a view of, water,” she said.

“Also, Australia is known for its balmy outdoor lifestyle, so many buyers in this super-prime space are willing to pay a premium to secure the ideal position along the waterfront.”

The data also suggests that beachfront homes were most desirable, commanding a premium of 63% compared to harbour locations fetching 62% premium and coastal homes with a 40% premium.