Precinct living on the rise in the ACT

 Mixed-use precincts have played a driving role in promoting a new vibrancy around Canberra as the combination of retail, commercial and residential communities influence contemporary lifestyles.

People are responding to the “live, work, play” mantra and are embracing lifestyle precincts like Braddon, Campbell, Acton and Kingston Foreshore.

Guy Randell of Burgess Rawson has been involved in the realisation of many of these masterplans and says well-planned densification is part of the success of these precincts.

“A sought-after location is also key. Braddon is right on the CBD doorstep, for example, while Kingston Foreshore borders the lake,” he says.

“These immediately offer different lifestyle options.”

Randell says another factor is the ability to deliver a residential workforce, a concentration of people who choose a location where they can live and work.

“That works particularly well for precincts like Braddon where there’s an accessible critical mass of CBD office space, both private and public sector,” he says.

Alex Smith of Laing+Simmons Commercial Property says mixed-use precincts are “a sign that Canberra is growing up”.

“Medium-density developments are proving successful because they combine affordable housing with lifestyle – people can pop downstairs for a meal or a drink and be within walking distance of all their interests,” he says.

Smith says despite the attractions of mixed-use precincts, local neighbourhood shops would endure, particularly those in the right locations with the right operators.

“I’ve seen places go from forgotten to local hero overnight with the right operator. Neighbourhood shops offer convenience and a sense of community,” he says.

• Location. Mixed-use precincts are changing the lifestyle landscape in Braddon, Acton, Campbell and Kingston Foreshore. Town centres like Belconnen and Woden are revitalising while Gungahlin and Tuggeranong have also embraced the concept.
• Lifestyle. Each mixed-use precinct offers its own focus; Kingston Foreshore has an idyllic lakeside setting with access to entertaining options while Braddon and town centres are close to workplaces, hospitality and retail options.
• Affordability. The density profile of each precinct ensures a range of dwelling type to suit different budgets. Options suit those taking their first step on the property ladder to those looking to downsize.

PRECINCT PROPERTIES ON THE MARKET:

ACTON

215/19 MARCUS CLARKE STREET

1 bed 1 bath 1 parking

PRICE GUIDE: $525,000

 

O’CONNOR

3 WESTGARTH STREET

3 bed 1 bath 1 parking

PRICE GUIDE: $1.28 million +

 

NICHOLLS

31 MCCLELLAND AVENUE

5 bed 2 bath 2 parking

PRICE GUIDE: $900,000 +