Canberra’s housing supply is set to increase by 200 new homes through the latest Suburban Land Agency (SLA) release in Lawson.

The two substantial development sites could go some way towards easing the ACT’s housing demand and are being sold through Colliers on behalf of the SLA.

Colliers director residential, Shane Radnell, said, “The ACT residential property market is booming. This strong demand has put pressure on supply and the release of these two blocks by the ACT Government will be warmly welcomed by developers.”

Block 1, Section 50 and Section 51 are RZ4 and RZ5 zoning blocks respectively. Section 50 reaches 8,091sqm and will allow for between 32 and 57 residential dwellings, while Section 51 is 8,372sqm and allows for 66 to 150 residential dwellings.

Colliers director land marketing, Josh Reid, said, “Lawson is a great suburb and well-loved by residents and house hunters alike because of its proximity to the Belconnen Town Centre and Lake Ginninderra.

“These blocks are directly across from the University of Canberra Hospital and have really good connectivity with arterial transport corridors. New homes located in new land releases are particularly popular with home buyers in the ACT.

“We know there are lots of builders around town who have completed their current projects and are chomping at the bit to find the next ‘perfect’ opportunity. We think there are many developers for whom these sites will fit that bill.”

The two sites will be sold by auction on Monday 27 June at 11am.

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