Campbell blocks exceed expectations with the LDA pocketing $63.75m

I am surprised that no one has picked up on the timing of Katy Gallagher’s announcement earlier this week that the Capital Metro Agency are now considering “a new route” which will extend from Civic to Russell, down Constitution Avenue past 3 of the 5 blocks that were auctioned (the other two blocks are only 100 metres away anyhow).
I wonder if the trade-off for the un-anticipated exceptionally high price paid will be a favourable plot ratio for the developers + call-in decision so the light rail extension can be “justified” by the value add theory.

nazasaurus said :

While a great location can only imagine they will be shoddy and hastily built like most new apartments in Canberra, since the government doesn’t care for proper regulation of this industry.

The higher the building the less chance you’ll have a leaky roof

I agree with Canfan. Always loved Campbell. Perhaps I won’t after the new developments!

While a great location can only imagine they will be shoddy and hastily built like most new apartments in Canberra, since the government doesn’t care for proper regulation of this industry.

Canfan said :

I just love the area. I don’t dislike Kingston and Acton and enjoy visiting, just never felt the pull to want to live there.

I pick Braddon over either of these areas, provided I could find a modern and comfortable property.

I just love the area. I don’t dislike Kingston and Acton and enjoy visiting, just never felt the pull to want to live there.

I find it curious that you find it so much more attractive than the developments at Kingston and Acton.

There’s no shops and restaurants at that location in Campbell like there are in Kingston/Acton, and it’s a good 25 minutes walk to the city from there.

The views aren’t likely to be as good either, with Anzac Park East and the ASIO building blocking the outlook to the lake.