11th November 2015
The thriving community of Gungahlin continues to grow, with residential sales in the town centre strong and plenty of people wanting in on the action. Pod Project Group’s latest development, Mezzo
(79 Gozzard St), sold over 30 per cent
of its apartments in its first weekend on the market, showing strong demand and interest for apartments in the town centre. The majority of buyers were Gungahlin residents, with 70 per cent owner-occupiers and 30 per cent investors.
Gungahlin’s growth shows no signs of slowing down, with more than 650 public service staff moving to Gungahlin offices in May, and the proposed Capital Metro light rail
system to link Gungahlin to the city centre. Introduced to assist with managing population growth, it is hoped the line will help reduce traffic congestion and reliance on cars, providing a reliable, permanent solution for commuters. Proponents of light rail believe it will build confidence and, in turn, encourage investment in the area.
With Gungahlin’s suburbs offering new facilities, amenities and infrastructure, the region is ideal for young families and the commercial centre is a big attraction for residential buyers. Gungahlin’s retail development includes Bunnings’ $59 million, 23,000-square-metre warehouse set to open before Christmas 2015, offering a warehouse, cafe, indoor playground, landscape supplies yard, outdoor nursery and parking for 420 cars.
Marketplace Gungahlin’s $60 million redevelopment will certainly help cater for the strong population growth predicted for Gungahlin, with Woolworths to double in size, the addition of a brand new Kmart store, plus a new 2 level undercover car park for over 500 cars. Find out more
about the exciting changes to come.