According to the Canberra Times, the Federal Golf Club in in Red Hill is preparing to sell off 4 hectares of primo land for housing. This has property developers circling the ailing club like sharks, while the Red Hill NIMBYs are up in arms.
Federal is a great golf course and club (I actually had my wedding reception there), and its unfortunate to see it struggling. So is selling off land the start of a slow decline, and just postponing the inevitable? I guess they are just trying to keep it running until la nina arrives.