Holt golf club land sells for $25 million in hopeful sign for cross-border plans

Woodhaven Investments director David O’Keeffe said the returns for the land owned by the company since 2001 were an indicator of how buyers perceived the wider development expansion to Canberra’s north-west, which in future could include more than 11,000 dwellings in the ACT’s first cross-border development.

“The land in this area is really somewhere between the Molonglo and North Gungahlin land the land potentially to be offered in the future in West Belconnen is also going to meet this market,” he said.

The “compact” blocks of 250 square metres sold for between $221,000 and $237,000, with a $232,000 average, and the townhouse sites which offered an average 408 square metres per dwelling sold for between $150,000 and $190,000 per dwelling.

The sales of the Ginninderra Estate land comes as the ACT government considers submissions on a draft variation to the Territory Plan to rezone West Belconnen immediately west of Holt and Macgregor to allow for 6500 homes to be built in the area.