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Wednesday, April 24, 2024

Hot property: thousands register for 71 blocks in new ACT suburb

Saturday saw strong demand from thousands of hopeful home buyers vying to own a block of land in Canberra’s newest suburb, Macnamara.

Seventy-one blocks were sold on 19 February, marking the commencement of sales in the second suburb of the Ginninderry community in Canberra’s north-west.

The new suburb is located just west of Strathnairn, bordering a conservation corridor and with views of the Brindabella Mountains.

Ginninderry Project Director Steve Harding said 16 per cent of the confirmed ballot registrations were non-Canberrans, and the strong interest demonstrates the demand for genuinely sustainable, connected, and future-proofed neighbourhoods.

“We received around 12,300 registrations for the ballot this weekend, and while there is significant demand in the market, that level of interest demonstrates the appeal of living at Ginninderry,” Mr Harding said.

Happy to secure the first block of the day was first home buyer, Priyanshu Chechi, who has moved from South Australia and was attracted to the benefits of Macnamara’s location.

“Ginninderry has a beautiful location and it’s very close to all of the necessary amenities. I like that it’s only 20 minutes to the city centre,” Mr Chechi said.

Andrew and Aritsara Corey were both “ecstatic” to secure a Macnamara block for themselves and their two young children.

“Our decision to buy was mostly about the kids. So, with the school and so much public space nearby, it will be perfect for them,” Mr Corey said.

The land is expected to be settled between February and October 2023, and the next land release is projected to be in the middle of 2022.

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