Molonglo's heart mapped out

planeguy said :

Umm… maybe I am missing something, but a quick look at Wright and Coombs block prices that I have found shows Wright to be more expensive than Coombs, and yet only two blocks are North of $500k, and they are large.

The key difference is in the size of the blocks. On a dollars per square metre basis, land in Wright is more expensive than land in Turner or Griffith, and in excess of twice as much of land in existing suburbs a similar distance out.

You could quite literally fit an entire street of new sized blocks on a single block in some of Canberra’s older suburbs.

caf said :

gooterz said :

Why are they so show to release more land and what happens when the ACT runs out of it? Do we go broke?

We’ll start selling underground blocks for Coober Pedy style housing.

I opal that’s a lie.

I regret the lost bushland. We need more in-fill housing. If only that didn’t mean enormous blocks of flats, but more flexibility on dual occupancy and the like.

I wonder how many will realise that they are just forking out for land which will become the future fire break for Weston Woden etc.

The Molonglo Valley is an exciting new development for the ACT

I pictured Mr Corbell saying this with dollar signs in his eyes. *Cha ching! Cha ching!*

gooterz said :

Why are they so show to release more land and what happens when the ACT runs out of it? Do we go broke?

We’ll start selling underground blocks for Coober Pedy style housing.

gooterz said :

miz said :

It would be smart if they learned from the mistake of placing the major shopping and commercial precinct on the edge of the valley, per Tuggers – it is a pain in the ar$e for all, particularly when trying to arrange a public transport hub (hence having to retro fit one at Erindale). I suggest they locate it in the middle of Molonglo valley in the first instance.

The problem is that only half of tuggeranong was ever built. So much land over the river was planned but the powers that be said no. Tuggeranong needs to have appartments now to be sustainable.

Ive got a house in Belconnen but I live in Turner as I much prefer living in places I can just walk to instead of driving everywhere.

gooterz said :

For the 500-1000k block price you’d want to have direct public transport to civic/woden by a silver lined rail car.

Umm… maybe I am missing something, but a quick look at Wright and Coombs block prices that I have found shows Wright to be more expensive than Coombs, and yet only two blocks are North of $500k, and they are large.

Now, look at the price of an existing block a suburb or two away for a knock down rebuild, and it seems to be reasonable price.

That being said, some of the planning constraints seem to drive the design to McMansion-ville, and so expect housing to look much like the soulless Harrison/Dunlop etc look. Might be worth the extra 50-100k to buy in an existing suburb.

miz said :

It would be smart if they learned from the mistake of placing the major shopping and commercial precinct on the edge of the valley, per Tuggers – it is a pain in the ar$e for all, particularly when trying to arrange a public transport hub (hence having to retro fit one at Erindale). I suggest they locate it in the middle of Molonglo valley in the first instance.

The problem is that only half of tuggeranong was ever built. So much land over the river was planned but the powers that be said no. Tuggeranong needs to have appartments now to be sustainable.

thatsnotme said :

It seems incredible to me, that if I’m interested in someone’s application for duel occupancy.

“duel occupancy” – sounds like a good one to avoid living next to.

It would be smart if they learned from the mistake of placing the major shopping and commercial precinct on the edge of the valley, per Tuggers – it is a pain in the ar$e for all, particularly when trying to arrange a public transport hub (hence having to retro fit one at Erindale). I suggest they locate it in the middle of Molonglo valley in the first instance.