Excellent capital growth potential attracts investors to the award winning, master planned community of Googong.
Located 20 kilometres from the Canberra CBD, Googong is a self-contained township that’s experiencing rapid growth. Research from Residex shows that the predicted capital growth is 10% per annum for the next five years. DPN has identified that booming infrastructure and lifestyle perks make it an attractive choice for investors.
A masterplan for the future
Already an established community with thousands of residents, the future of Googong is mapped out to host approximately 18,000 people and 6,500 homes. Dubbed as a community with something for everyone, affordable housing is extending from blocks of land to large family homes, terraces and apartments.
The next big expansion is a $143 million town centre and shopping precinct in the new neighbourhood of Googong Central. With major supermarkets, a community centre, a library, a fire station and much more, it’s predicated to generate hundreds of jobs, including flow-on jobs in nearby Queanbeyan. The NSW Government has approved plans for public primary and secondary schools. Furthermore, a $31 million duplication of Old Cooma Road to the entrance of Googong is in progress.
Sustainable practices and lifestyle perks
Googong was awarded the Green Building Council of Australia’s first 5-Star Green Star Communities rating. An integrated water cycle management system reduces potable water use by about 60%. Every home has been built to exceed the required sustainability standards. With a chain of ponds, over 15 kilometres of bush trails, bike and walking paths, 23% of the town is dedicated to open space and offers ever-increasing lifestyle perks for residents.
For more comprehensive information, see DPN’s article: Why invest in Googong: a community set to boom.
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