Core Plans 126 Apartments for ACT’s Gungahlin

Core Developments has launched plans for a six-storey multi-unit residential project in the growing Canberra suburb of Gungahlin. The Canberra-based developer wants to build 126 apartments in one of the capital’s most lucrative property hotspots, which, according to CoreLogic this year, has the third highest 12-month home-value growth. If approved after exhibition, the 4836sq m site on The Valley Avenue would be home to two buildings between two and four storeys, as well as two levels of basement parking. Upper levels would be recessed and the blocks would offer a mix of typologies, from studios to three-bedroom apartments. Core has completed or is nearing completion on two other projects—one at Denman Prospect and the other, dubbed Nue, also at Gungahlin. “It was time for us to invest in other prime locations,” Core development manager Emily Leemhuis told The Urban Developer. “The Valley Avenue was an easy decision for us as we’ve seen so much success at Nue, and you can’t go past a town centre site near light rail with uninterrupted views over native grasslands that will never be developed.” The project, as with other Core developments, typically attracts a high proportion of owner-occupiers, either first-time buyers or upsizers. Delete “We’re also seeing a growing number of downsizers who are in their 50-60s. We believe we’ll continue to see a similar demographic purchasing in this development,” Leemhuis said. According to the application from Purdon Planning, the surrounding area is characterised by multi-unit low and medium housing, and Core’s projects is “designed to align” with the surrounding context, “and support the area ’ s ongoing growth”. The site is 300m from a light rail stop and 1km from the Gungahlin Town Centre, “supporting a lifestyle that encourages the use of public transport”, according to the development application. Gungahlin&rsquo;s district strategy predicts that 49 per cent of homes will be high-density and 33 per cent medium density in the suburb by 2050, has attracted considerable development in recent years in the suburb and its other north Canberra neighbourhoods. --> ▲ A render of the Valley Avenue development designed by architects at Canberra’s Dezignteam. Gungahlin, developed in the 1990s, is Canberra’s newest town centre. “Since then, it’s arguably been Canberra’s biggest residential growth area, and it also ranks as one of the top growth regions in Australia,” Leemhuis said. “The region has gone from just a couple hundred residents in the 90s to close to 90,000 residents at the 2021 census, with much more growth to come under the ACT Government’s Gungahlin Town Centre East Strategy.” Core is close to completion on its Nue residential project and recently completed work on its biggest project to date, the Boulevard in Denman Prospect, while plans were lodged this year for a new neighbourhood centre and residential project for Taylor to the north.

Core Plans 126 Apartments for ACT’s Gungahlin

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Core Plans 126 Apartments for ACT’s Gungahlin

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