The property comprises two parcels totalling 10,408 square metres (5,953 sqm and 4,455 sqm) and is DA-approved for 90 medium-density dwellings. Positioned in the highly sought-after Molonglo Valley, 10 minutes from the Canberra CBD, the site offers developers the advantage of immediate delivery potential without the delays typically associated with the planning approval process.
The sale was negotiated by Dan McGrath and Frank Giorgi of RWC Canberra, following strong enquiry from both local and national developer groups actively seeking turnkey opportunities.
“Demand for quality development sites remains strong, particularly where projects are ready to go,” said Dan McGrath. “In the current environment, where feasibility challenges are increasing, buyers are prioritising sites that remove planning risk and allow them to move quickly.”
Frank Giorgi added that the level of enquiry reflected broader market conditions. “We saw consistent interest from both local and interstate developers, which underscores the ongoing appeal of Canberra as a growth market. The Molonglo Valley, in particular, continues to attract attention due to its infrastructure pipeline and proximity to the CBD.”
The campaign leveraged RWC’s extensive local and national networks, supported by targeted online marketing, generating competitive interest from developer groups across multiple states.
The purchaser is an interstate developer with an established presence and project pipeline in Canberra, further reinforcing confidence in the territory’s residential development sector.
Mr McGrath noted that supply constraints are continuing to shape the market. “There is still strong demand for the right sites, but a lack of available land - particularly from the ACT Government - is creating competitive pressure. Well-positioned, DA-approved opportunities like this are increasingly scarce.”
The transaction highlights the premium being placed on development-ready assets in key growth corridors, particularly as developers seek to mitigate risk and accelerate project timelines.
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