We may have been able to hide Canberra’s charms from the rest of Australia for over a century, but it seems the secret is out.
According to Census data released in mid 2017 from the Australian Bureau of Statistics, the ACT recorded the largest population growth rate of all states and territories. At the end of 2016, the territory surpassed the long awaited 400,000 mark with an estimated residential population of 406,403.
Gungahlin is now the second-fastest growing region in the entire country, with its new infrastructure and facilities, access to the light rail and close proximity to the CBD.
One could be concerned that Canberra’s popularity would cause a dangerous under-supply of housing – inevitably driving up house prices, decreasing rental affordability, and leaving those who’ve called Canberra home all their lives with very little choice in the local housing market.
Thankfully, developers across the ACT have been quick to respond. Predicting the demand for new housing and potential future stress from a lack of action, they’ve been swift to support Canberra’s newest suburbs and invest their resources in the development of areas where demand is at an all-time high.
“The increasing population in Canberra is great for our city,” says Gary Kelly, Director of 3 Property Group. “We only develop where we can foresee demand, and the demand we’re currently experiencing is like nothing we’ve seen in decades.
“Every development around Canberra does its part in ensuring that we don’t end up with an under-supply of housing. But while those developments are being built, they also mean that local designers, tradespeople and many more have work. The knock on effect is amazing, and right now everyone we talk to is doing really well which is brilliant.”
3 Property Group have invested in a number of new suburbs this year, including Coombs, Denman Prospect, Throsby, and Moncrieff. Their signature town-homes have proven highly popular for their environmentally friendly and sustainable features, coupled with ultra modern inclusions such as 3PUSH home automation as standard.
“2018 is a big year for us. 400 new town-homes will be made available to Canberrans. And it’s not just in new suburbs. We’ve also invested in established areas where we know people are keen for new, modern residences. Avani in Greenway will break ground early next year, and we’ll also be working on a project in Campbell in the inner South.”
Another sector that 3 Property Group have found lacking is local Childcare Centres.
“Canberra has a shortage of Childcare Centres, there’s no doubt. And with these new suburbs growing quickly, the demand is only going to increase. We also feel that there’s a strong market for more modern centres, with unique and impressive inclusions that make day to day operations simpler.”
3 Property Group are currently in planning to develop two new Childcare Centres to support parents in the Canberra region.
“As developers, we see a responsibility to ensure homes and facilities exist where they are needed, so expanding from town-homes to Childcare Centres seems a natural progression that we’re really excited about.
“Though we’d all love to keep Canberra to ourselves, from a sustainable perspective, the fact that Canberra is booming is really positive for us all. It gives us [developers] the confidence to build, and some of the architectural designs that are popping up throughout our city have definite potential to put Canberra back on the map as the true capital of Australia.”
For more information about 3 Property Group, its team and developments, visit 3 Property Group.
This is a sponsored article, though all opinions are the author’s own. For more information on paid content, see our sponsored content policy.