Sales begin at new west Belconnen community, Ginninderry

Sales begin at west Belconnen’s Ginninderry on Saturday with more than 100 properties hitting the market.

The first release in the new suburb of Strathnairn will include 57 blocks of land, 17 “flexi-living” homes and a range of house and land packages.

House and land packages will be available over the counter, while blocks and flexi-living homes will be sold via a draw.

Project director Steve Harding said the draw would be similar to the ballot process widely used for greenfield sites in Gungahlin’s new suburbs, however individual appointments would replace block selection days.

Mr Harding said he expected a strong demand for all product types and about 1700 people had registered their interest online.

Most single dwelling blocks are about 300 to 550 square metres and will range from around $230,000 to $360,000.

The flexi-living homes are compact, separate-title townhouse-style properties.

The two and three-bedroom homes range from $365,000 to $489,000 and are subject to means testing.

“[Buyers must have] a household income of $120,000 or less,” Mr Harding said.

“They also have to declare their intention to stay in the home for a period of three years. It’s about trying to make sure the properties are going to low to moderate income sectors and not investors.”

Mr Harding said the architect-designed homes would also meet the demand for compact, quality living.

About 10 house and land packages will be available for purchase on Saturday and about 20 more will be released throughout April. They will range from 450 to 500 square metres.

A development application has been lodged for the suburb’s first 356 homes.

Mr Harding said he expected further properties would be released to market between June and August.

Pending DA approval, construction of the properties will begin in July and the first residents will move in at the end of 2018.

Ginninderry will have four suburbs, three in the ACT and one in NSW, subject to rezoning approval.

It will comprise 11,500 homes to be built over the next 30 to 40 years.