16 November 2018

175 single residential blocks at Taylor to go under hammer next week

| Ian Bushnell
Join the conversation
14

An aerial shot of Taylor as the suburb was taking shape in September 2017. Photos: SLA.

A 175-strong parcel of single residential dwelling blocks in the new Gungahlin suburb of Taylor will start at $285,000 when they going under the hammer next week in a two-day auction at Exhibition Park.

Independent Property Group, which is auctioning the blocks for the Suburban Land Agency, said it was one of the few releases by the SLA to disclose reserve prices, providing a realistic guide for buyers.

The blocks range from 315 square metres to 938 square metres with the highest reserve at $530,000.

IPG’s Wayne Harriden said it was the cheapest SLA-owned land on the market in Gungahlin.

He said that at an auction this week, all of the blocks bar one sold at the listed reserve price, which should give buyers confidence.
“There is a real range of different blocks that cater for everybody, from small compact blocks up to those who want standard residential ones,” he said.

The estate map from the November sales brochure.

He said that with a primary school to open next year and plenty of open spaces, landscaping, water features, playing fields and community facilities, Taylor was a great suburb for families.
He expected strong demand, with 60 registrations received by Friday.

The auction will take place on 21 and 22 of November at the Fitzroy Pavilion, Exhibition Park. Check-in opens at 8 am and the auction will begin at 9 am. Photo identification and a 5 per cent deposit is required.

To pre-register, go to https://independent.com.au/sales/buy/project/1/register

The SLA said 14 residential blocks in Taylor sold at auction on the Wednesday week for a combined total of $4,707,000.

The remaining blocks – within walking distance of the proposed local centre site, the Margaret Hendry School and the future district playing fields – are now available for sale over the counter as packaged lots.

Join the conversation

14
All Comments
  • All Comments
  • Website Comments
LatestOldest

$900+ per square metre of land for TINY blocks in a remote cookie cutter suburb, and then you have to build, with some of the highest construction/tradie costs in the nation. LOL.

And yet, every block in Oaks Estate is 1012m with existing houses that sell for under $500k, 15mins drive from Civic and Woden (during peak hour!) 60 seconds from QBN with all its amenities.

Daily Digest

Want the best Canberra news delivered daily? Every day we package the most popular Riotact stories and send them straight to your inbox. Sign-up now for trusted local news that will never be behind a paywall.

By submitting your email address you are agreeing to Region Group's terms and conditions and privacy policy.