An avenue of opportunity

Tenders have now closed.

Offering unparalleled access to urban comforts within Canberra’s unique bushland setting, Northbourne Avenue is the gateway corridor to Australia’s capital. Dynamic and well-connected, Canberra’s main thoroughfare welcomes residents and visitors alike to the city with Australia’s fastest growing economy.

Representing a real-time fusion of Canberra’s youthful revitalisation and classic charm, Braddon and Turner on Northbourne is part of a bold vision to create a residential, commercial and retail precinct effortlessly woven into the fabric of the city around it.

Open up to Canberra’s potential

Canberra is a truly unique global city. Offering an enviable lifestyle and a promising return on investment by connecting you to the heart of Australia and beyond – our growing capital is full of potential. And with a population of more than 400,000 that is projected to swell to over 500,000 by 2030, the momentum shows no sign of slowing.

Home to many of the nation’s major cultural attractions, Canberra hosts more than 228,000 international and 2.71 million domestic overnight visitors per year. Its strategic location, between Sydney and Melbourne, and a growing roster of international flights provides convenient access to the rest of the world. This is Canberra’s moment, and it could be yours too. Invest now and be part of the capital’s story.

Unlock Canberra’s investment opportunities

An evolving modern city with a strong and stable economy, Canberra has low rates of unemployment and the highest income of any capital city in Australia. The Federal and ACT Governments are the biggest employers in Canberra, as well as the biggest customers, attracting both local and global suppliers to the city. Add to this world-class infrastructure, and it’s easy to see why this is the perfect place to invest.

Canberra – the right choice

Canberra’s CBD and inner-city apartment market growth is unstoppable. Development over the past eight years has remained strong and shows no signs of slowing down, with Braddon and Turner recording an average annual housing price growth of 1.74% and 1.84%, respectively. While inner-north projects – such as the Campbell 5 precinct, Soho, Dickson and Embark, Lyneham mixed-use developments and stage one of the Founders Lane development in Braddon – are predicted to produce solid interest for pre-sale residential apartments and a high level of demand for commercial and retail space.

Canberra at a glance

Ranked out of 212 cities for the highest quality of living in the numbeo.com ‘Quality of Life’ index, May 2018.

Ranked in Lonely Planet’s Best in Travel 2018 list, the highest ranking any Australian city has received.

Overnight visitors welcomed to Canberra in 2017, including 228,000 visitors from overseas.

Percentage growth of the ACT’s economy in 2016-2017, the fastest of all states and territories, reflecting a sustained expansion of the ACT economy. **

Gross household disposable income per capita, more than $44,000 higher than the national average of $47,479.**

Rise in demand in 2018 for housing in Canberra, mostly met by sustainable urban densification *

Canberra is a young and vibrant city. More residents of Canberra (37%) are aged between 18 and 40 than in Australia overall (32%).

* Source: realestate.com.au Property Outlook Report – March 2018
** Source: ABS Cat. No. 5220.0

Open up to Canberra’s potential

The Grand Stair, Ovolo Nishi, Canberra
Image Credit: VisitCanberra

Welcome to the Canberra of tomorrow

Braddon and Turner on Northbourne contains two of a group of sites that are part of a broader strategic plan to transform Northbourne Avenue into an entrance befitting our nation’s capital. Northbourne Avenue welcomes visitors and residents alike to the heart of the city. Identified as an area for significant future growth and vitality, the redevelopment of the Northbourne Avenue corridor will be a dynamic mix of residential, business and retail space, establishing a lively precinct and enhancing liveability for current and future residents.

Designing a great city

Great cities have great public spaces and easily accessible services. They are designed with people in mind and take into account the way in which people actually interact with place. Canberra is growing quickly and the development of our city needs to be people-focused and design-led. We want world-class design that creates interesting buildings and exceptional public spaces that build on the city’s unique character.

This growth needs to help our city become more active, creative and connected. We will become a more sustainable and progressive city. Most of all Canberra is a community, and new developments should bring people closer together.

On Northbourne Light Rail

Transport Canberra Light Rail
Running the entire way along Northbourne Ave.

Connected Infrastructure

Canberra is motivated, prosperous and on-the-move. It is investing heavily in making the city more connected. Braddon and Turner on Northbourne sits at the heart of this transformation. A light rail stop positioned between the two sites is part of the first stage of a new light rail network that will allow Canberrans to move about their city with ease and comfort. Fast, reliable and convenient public transport options combine with easy pedestrian access routes that join Northbourne Avenue to the city centre and its surrounding suburbs.

Northbourne Avenue is transforming from an everyday traffic thoroughfare into a spacious multi-use boulevard, lined with classic Canberra greenery, cycling lanes, walking paths and world-class public transport.

Welcome to the Canberra of tomorrow

Two distinct sites. One landmark precinct.

Braddon and Turner are two of Canberra’s most historic suburbs, nestled in the city’s coveted inner-north. Both suburbs lend unparalleled access to the Northbourne Avenue corridor, Canberra’s CBD, business hubs and Australia’s top educational institutions.

With two distinctly different, yet complementary lifestyles, Braddon and Turner are bound together by an avenue of opportunity. The single purchaser will develop a landmark precinct that incorporates both sites.

The precinct will need a design that visually connects the two sites while making the most of each area’s individual personality.

Design of the new precinct will be guided by the City and Gateway Draft Urban Design Framework and the existing ‘Weave’ Master Plan design, which proposes tall, slender tower forms angling alongside Northbourne Avenue that creates interwoven spaces and view lines that mirror the connectedness of the Canberra Gateway corridor.

Braddon_Rev

Right by the city centre, lively Braddon is undoubtedly Canberra’s hippest enclave. A former industrial hub, the suburb has transformed into a premier hospitality district. Feast your eyes on a growing foodie and shopping enclave, which offers an eclectic fusion of cafes, bakeries, restaurants and bars. Stroll down Lonsdale Street and discover a wide array of stylish boutique shops. Braddon breathes new life into inner Canberra, making it a prime destination for nightlife and living.

$448,500

Median unit property price (last 12 months)

29.5 years

Median age of person living in Braddon (2016 Census)

1.74%

Average annual growth

5.39%

Current gross rental yield

Turner_Rev

Leafy and lush, Canberra’s Turner precinct is located adjacent to the city centre’s western section. Here, an unhurried suburban feel reigns supreme where generous greenery is king, with parks, sports ovals, and open spaces in abundance. Connected and sophisticated, Turner has an energetic spirit, all the while offering a place to pause amongst the rapidly changing city landscape. The ultimate realisation of Walter Burley Griffin’s ‘Garden suburb’ vision with a unique charm all of its own, Turner shares Haig Park’s ample green space with neighbouring Braddon, providing an abundance of nature right at the front door.

$497,500

Median unit property price (last 12 months)

31.1 years

Median age of person living in Turner (2016 Census)

1.84%

Average annual growth

4.70%

Current gross rental yield

For sale by tender

Tenders must be submitted electronically to www.tenders.act.gov.au by 2pm (AEDT) Thursday 4 October 2018.

To obtain a copy of the Tender documentation, contact the Suburban Land Agency’s appointed selling agents, JLL or Colliers International.

Tender and sales agent details

JLL

JLL Andrew Balzanelli
0418 257 129  |  andrew.balzanelli@ap.jll.com

Tim Mutton
0421 590 686  |  tim.mutton@ap.jll.com

Colliers International

Colliers

Shane Radnell
0434 077 684  |  shane.radnell@colliers.com

Josh Reid
0432 423 699  |  josh.reid@colliers.com

Disclaimer
The ACT Government and its appointed selling agents make no warranty regarding the accuracy or completeness of the information in this material and recommend obtaining independent legal, financial and accounting advice before considering purchasing land or making an offer to purchase land. The plans, examples and information contained herein are for illustrative purposes only and should not, without further inquiry, be relied upon as to their ultimate accuracy, to the extent permitted by law; the ACT Government and its selling agents will not be responsible for any loss or damage that may be incurred as a result of your reliance upon this material. Statistics in this publication have been sourced from research conducted by the Australian Bureau of Statistics and Visit Canberra and Invest Canberra, ACT Government.

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