Demand for land is still soaring – and the proof could be seen in one of Canberra’s newest suburbs.
More than 7400 buyers registered for one of 51 blocks in the second release of Macnamara last weekend.
Macnamara is the second suburb of Ginninderry, set on the border of NSW and ACT along the Murrumbidgee River with views of the Brindabellas. It’s currently 880 people strong, but will one day be home to 30,000 people who’ll enjoy a new neighbourhood park, community food gardens, local parks and more.
Block sizes range from 450 to 1083 square metres and include free front landscaping and construction waste management.
The Valiveti family currently lives in Gungahlin but are very excited to move into their new block following Saturday’s result.
“We chose Ginninderry for the views – they’re amazing – and being close to nature,” Geetha and Syam Valiveti said.
The first release took place in February and offered 71 blocks through a ballot. Instead of a traditional auction, blocks are listed with fixed prices and interested buyers essentially throw their hat into the ring by registering. The names are pulled out at random.
Ginninderry Project Director Steve Harding said interest in the ballot – one of three purchase methods in Macnamara’s second release of the year – demonstrates that demand for land remains strong.
“The most pleasing aspect of the result is that Ginninderry’s commitment to being Canberra’s most sustainable community is resonating with purchasers,” he said.
“Not only will residents enjoy a community that fosters social and environmental sustainability, but economic sustainability as well with our mandate that all homes meet a minimum Energy Efficiency Rating of 7 Stars – a mandate that will undoubtedly result in lower running costs.”
Ginninderry has also been named the ACT’s only ‘6 Star Green Star Community’ for its widespread use of solar panels, double glazing, insulation, batteries, rainwater tanks and electric vehicle chargers.
A resident since February 2020 in Ginninderry’s first suburb, Strathnairn, Chezang Dema purchased a block in Macnamara to meet the growing needs of her family.
“The area here is so nice, especially being close to nature and the parks where the children can play,” Chezang said.
The Mcnamara land release includes 35 blocks which are set to be auctioned in July and 31 house and land packages currently up for sale. Settlement of land is expected between December 2023 and May 2024.