The Ginninderry development in West Belconnen will open a new display village to the public on Saturday 26 October – ‘GX – The Ginninderry Experience’.
The village promises to “redefine the display village experience” for visitors, showcasing sustainability initiatives, a local arts trail, turf and environmental control displays, the ‘Mini-G’ tiny house, an integrated mobile app and 16 “cutting-edge” display homes.
Ginninderry Project Director, Steve Harding, says the team challenged themselves to deliver a “display village with a difference – a place that inspires visitors and increases their understanding about what’s possible when it comes to sustainability, modern design and smart planning.”
Ginninderry’s Marketing and Communications Manager, Niva Pryor, says the GX App, which is the first of its kind for a display village in Australia, allows visitors to take self-guided tours of the houses, sustainability features and art trails.
“The GX App gives visitors the ability to scan markers on favourite homes, products, features and art to unlock additional information and build their own favourites list,” she says.
GX will be open to the public on Saturday 26 and Sunday 27 October 10am-4pm, with a community event featuring special appearances including Scott Cam from The Block and Paul West from River Cottage Australia and Gardening Australia.
Canberra attractive to investors over Brisbane
Canberra is still an attractive option for property investors, according to Peter Blackshaw Project Marketing’s Sam Dodimead.
Referencing an article in the Australian Financial Review in which Select Residential Property’s head of research, Jeremy Shepard, said Brisbane offers “the best potential for cash flow and capital growth”, Dodimead argues Canberra can compete with the Queensland capital on both of these points. He references the ACT’s low vacancy and unemployment rates, as well as lower stamp duty and higher household incomes.
“The Real Estate Institute of Australia determined as of the June 2019 quarter, the proportion of income required to meet home loan repayments in Queensland had risen to 28.2%, and tenants spend 21.9% of household income to meet the median rent,” Dodimead says.
“In contrast, to meet home loan repayments in Canberra, 20.6% of household income is required and tenants spend only 18.9% of household income to meet the median rent.
“Last year, population growth [in Canberra] was 1.7% and has consistently grown for eight consecutive years. Population growth has not led to increased unemployment.”
He says Canberra’s average gross rental yield for all units is 5.5% and 4% for houses, 20 basis points above Brisbane.
Heritage street signs to be restored
The Inner South Community Council have been awarded a grant of $17,993 to restore signs in the suburb of heritage listed Forrest Housing Precinct, Blandfordia 4 and Blandfordia 5. The funds will be used to restore 10 1920s street signs in the area.
Twenty-one projects have been awarded grant funding through the ACT Government’s Heritage Grants Program, with a total of $355,000 awarded to projects across a range of areas.