Lawson auction goes swimmingly

By 3 December, 2013 8

Andrew Barr is celebrating the great success of his Lawson auction:

The popularity of Belconnen’s newest address was demonstrated with buyers for all of the 73 residential blocks auctioned in the suburb of Lawson.

Lawson is certainly a unique offering as it is a greenfield development while at the same time also being an infill site as it is located only minutes from the Belconnen Town Centre and very close to Lake Ginninderra, the University of Canberra, Calvary Hospital and GIO Stadium while also being within easy reach of Civic.

It is rare that this type of development comes to the market and obviously many people were keen to take the opportunity of building a brand new home in a location that is so close to so many facilities.

The blocks were bought by those who are keen to build their dream home in such a great location and also by builders who see this as a great opportunity to offer potential Lawson residents a house and land package.

Prices paid ranged from $326,000 for a 330 square metre block, up to $800,000 which was paid for a block of 1540 square metres.

The remaining 51 residential blocks in this release will be auctioned in sessions at 10am and 1pm tomorrow and the first four medium density sites in Lawson will be auctioned on December 11.

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8 Responses to Lawson auction goes swimmingly
#1
arescarti427:32 pm, 03 Dec 13

Incredible. $326,000 for a 330m^2 block is just shy $1000 per square metre.

On a $ per square metre basis, land along Mugga Way is significantly cheaper.

#2
c_c™8:37 pm, 03 Dec 13

arescarti42 said :

Incredible. $326,000 for a 330m^2 block is just shy $1000 per square metre.

On a $ per square metre basis, land along Mugga Way is significantly cheaper.

Location, location, location. You’re wedged in between abandoned PCBs and a humming sub station but damn you’re close to the sprawl of Westfield, now that’s convenience.

#3
milkman8:54 pm, 03 Dec 13

This is what is putting a floor under the price of detached homes in Canberra. Prices and rents are softening on units, but houses don’t seem to be dropping much.

#4
poetix10:42 pm, 03 Dec 13

Hopefully this will stop a few inner north cottages being replaced with awful huge houses.

#5
johnboy10:46 pm, 03 Dec 13

I fear nothing but heritage listing can stop the march of the bogan boxes.

#6
JimCharles6:51 am, 04 Dec 13

c_c™ said :

arescarti42 said :

Incredible. $326,000 for a 330m^2 block is just shy $1000 per square metre.

On a $ per square metre basis, land along Mugga Way is significantly cheaper.

Location, location, location. You’re wedged in between abandoned PCBs and a humming sub station but damn you’re close to the sprawl of Westfield, now that’s convenience.

I’ve never got this about Canberra. Even if you live in the next suburb to “somewhere”, it’s unlikely that people will walk to it so it’s still a 5 minute car journey, or a decent wait for a bus.
Living at the outskirts of a town region would only add 10 minutes to a trip, so it’s not like you’re living in Sydney or London and being subject to an extra 60 minutes commute if you live just too far away.
ie..living in Lawson wouldn’t give you much more location benefit than living in somewhere like Spence or Macquarie, both mature and won’t be full of dust for the next 10 years.

#7
Deref8:58 am, 04 Dec 13

arescarti42 said :

Incredible. $326,000 for a 330m^2 block is just shy $1000 per square metre.

On a $ per square metre basis, land along Mugga Way is significantly cheaper.

Yet another Little Gungahlin rises like a pestilent fungus.

#8
KB19719:25 am, 04 Dec 13
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