20 May 2022

Second land release at Macnamara includes another fixed price ballot

| Karyn Starmer
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Ginninderry

With the Murrumbidgee River on one boundary, Ginninderra Creek on another, and the Brindabellas providing a majestic backdrop, Ginninderry is a special place to live. Photo: Ginninderry.

The much anticipated second release of land in Canberra’s newest suburb will be available for purchase over the coming weeks.

Macnamara, the second suburb in the award-winning Ginninderry project, located in the Belconnen region west of Holt, is bordered by a pristine conservation corridor with spectacular views of the Brindabella Mountains.

Macnamara’s second release comprises 117 blocks ranging from 392 sqm to 1,083 sqm.

Ginninderry head of marketing and communications Marcus Mills-Smith said the second release at Macnamara provides buyers with even more choice.

“This release follows the successful launch of Macnamara’s first release earlier this year and gives interested buyers three ways to become part of the community,” Mr Mills-Smith said.

READ ALSO Ginninderry unveils the first blocks for sale in Canberra’s newest suburb

A total of 51 blocks will be sold by ballot, 35 blocks are for sale by auction, and 31 house and land packages are available through Ginninderry’s Display Village builders. Potential buyers will have an opportunity to view the blocks available for sale with site tours available over three weekends from 5 June.

“We’ll have land available through our usual ballot process, plus a range of unique ‘Brindabella View’ blocks to be sold by auction.

“For buyers who are looking for a turnkey solution, our GX Display Village builders will also have a range of house and land packages on offer.”

The 51 blocks offered by ballot range in size from 420 sqm to 693 sqm and are priced from $547,200.

The first release fixed price blocks, offered by ballot in February this year, attracted significant interest, with 12,300 registration received for the 71 blocks available.

The randomised ballot process is designed to inject a degree of fairness into the sale. Like the previous release, the blocks are not sold on a first-come, first-served basis. Someone who registers last could be among the first to pick a block during the block selection weekend, with each party choosing their block in descending order from the first drawn.

Ballot registrations are now open and close at 5 pm on 3 June 2022.

People gathering at Ginninderry

The block selection weekend for the first ballot winners in February. Each party was given five minutes to choose their block in descending order from the first drawn. Photo: Ginninderry.

Macnamara is the first Canberra suburb where all homes will meet a minimum 7 Star Energy Rating, but Mr Mills-Smith says that in addition to its sustainability credentials, its location sets it apart.

“Macnamara is located in an incredible position overlooking the Brindabellas, and this release is in an area that takes full advantage of that with views that have to be seen to be appreciated,” Mr Mills-Smith said

“Once complete, Macnamara residents will also be able to take advantage of community food gardens, nearby dog parks, open spaces like Strathnairn’s Paddys Park and tracks in the Conservation Corridor.

“In addition, every home will be in easy walking distance from a bus stop while a connected network of pedestrian and cycling paths will provide access ways throughout Ginninderry and into broader Belconnen.”

READ MORE Community on board to preserve natural beauty of Canberra’s newest region

The 35 Brindabella View auction blocks range from 450 sqm to 1083 sqm.

Auction registrations will open on 18 June with auctions commencing online from 2 July 2022.

All ballot and auction blocks include free front landscaping and construction waste management (conditions apply).

Ginninderry is a joint venture between the ACT Government and Riverview Developments.

On completion, Ginninderry will consist of four new suburbs extending across the ACT and NSW border. It will eventually be home to around 30,000 people and the four suburbs will total around 11,500 homes.

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So that’s $1303 per sqm – a 30% increase on the price of listed blocks compared with the Macnamara ballot in Feburary this year, and a eye-popping 76% increase on the cost of a block in Strathnarin in September 2020. When the govenment says they are acting to address housing affordability, watch what they actually do -> increase prices. We have a shameful government that is throwing younger generations and lower income earners under the bus.

Strathnarin Rise Sept 2020 – $740/sqm (455m2) (calculated based on Canberra times article on 52 block release)

Macnamara Feb 2022 – ~$1000/sqm (470m2) (price list – current 71 block land release – LDA website)

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