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Across the border, the number of record sale prices for Canberra suburbs is now 16. In September last year, there were 10 records in the space of three months, while in March this year there have been 11 suburb records.
Owner Event Hospitality and Entertainment said last October that the sale was “part of our strategy to divest non-core property assets to unlock value in the group’s property portfolio, to reinvest in future development opportunities”. Charter Hall has been very active in the Canberra market...
Earlier this year AIT Properties Group lodged a DA for a six-storey mixed-use development on the key 3.5-hectare site on the corner of Challis and Cape streets. When the government sold the property, the City Renewal Authority said the site was a fantastic urban renewal opportunity close to...