The Economic Development Directorate has triumphantly announced that they’ve flogged off 35 hectares of Ngunnawal for $36.25 million.
Spirited bidding by 11 registered parties representing both local and interstate companies has seen a 35.14ha site in Ngunnawal sell for $36.25 million.
The site is 18 kilometres from the CBD and only four kilometres from the Gungahlin Town Centre. It also provides good access to local schools and shopping facilities.
The auction conducted by Colliers International on behalf of the Land Development Agency will see the development of approximately 475 dwellings.
The winning bid came from Canberra Estate Consortium No 30, a subsidiary of local home building firm The Village Building Company, who had to fight off stiff competition from interstate consortiums that were also keen to secure the site.
“I am delighted that the Village Building Company was successful in purchasing this land,” said David Dawes, the Director General of the Economic Development Directorate.
“For a number of years now Village has specialised in providing homes at the affordable end of the market and their purchase of this land will mean that more Canberra families will be able to make their dream of homeownership a reality.
The development will be completed within three years and will feature a wide range of options for home buyers including townhouses, villas, duplexes, free standing homes and larger residential lots.
As part of this development Bob Winnel, the Village Chief Executive, has already committed to provide 122 two bedroom homes priced at around $335,000 and a further 102 three bedroom house and land packages that will be priced from $365,000 to $400,000.
In the next few months Village will also offer 131 blocks to the market. The blocks will range in size from 420sqm to 900sqm and will be priced from $220,000 to $355,000.
The estate will feature solar hot water to every home, and all landscaping will feature low water usage native plants.
All waste building materials from the site will also be recycled.
Loading ...
What’s Your opinion?
Village Building Company goes over the odds to win Gungahlin dogfight
Oldest to Newst
aidan said :
LOL.
Someone at Google having a laugh, combined in with their usual embed-false-roads-so-we-can-detect-anyone-copying-our-content trick?
Very Griffin-esque.
time_killer said :
Sorry Al, but I cant see anything?
D’oh. http://www.legislation.act.gov.au/ni/2008-27/copy/61205/pdf/2008-27.pdf
aidan said :
LOL – just noticed it. It has to be a joke…………………………yes? Perhaps it’s Stanhope’s parting gesture. A few more roads in there and you will be able to see it from the Shuttle!
Is the Throsby spider-web someone’s idea of a joke?
Gungahlin Al said :
Here’s the old version of the Moncrieff Concept Plan – you can see where Mirrabei bends north. The other southern entrance that guts the trees that NCDC planted up the hill now isn’t going to go ahead. Yay – a win.
Sorry Al, but I cant see anything?
time_killer said :
Here’s the old version of the Moncrieff Concept Plan – you can see where Mirrabei bends north. The other southern entrance that guts the trees that NCDC planted up the hill now isn’t going to go ahead. Yay – a win.
Chop71 said :
Don’t rub it in! I have no choice!
No developer ever “goes over odds”. They just pay the market price at auction and then pass on the costs to the end consumer, who may then “go over the odds” for many many years.
Enjoy living in your overpriced dog boxes with no backyards.
Gungahlin Al said :
Well that is disappointing, but hardly surprising!
Extending Burramurra into the new area but leaving Mirrabei where it is, is too stupid for words.
Do you have a link to a map of what Gungahlin is proposed to eventually look like?
If you want to see an example of VBC’s work, check out West Macgregor. They built pretty much the whole estate out there. The (current) AHL packages out there were definitely around 200m2 or less. The choice of plans included shared toilet/bathroom with the shower/bathtub, laundry is in the garage (not laundry room) and this is a 3 bedroom house!!
time_killer said :
Bad news on that I’m sorry to say. Mirrabei will take a hard right to join HPD up at the Moncrieff group centre. The logical extension of Mirrabei west to HPD will be preserved as a green corridor only.
I took issue with this at a recent meeting with LAPS/LDA given the (I thought) obvious impact it will cause on rat-running through Burramurra. It will take more than us complaining about it though – the residents there will have to own the issue too.