First Sale Kicks off at New West Industry Park

NewWestIndustryPark

MMJ Canberra Principal Nick George has sold the first development site in Hume’s New West Industry Park. Block 6 Section 29, with IZ1 (General Industry) zoning, sold at $1,090,000 to an owner occupier. Nick commented, “Several other blocks in the estate are currently under negotiation”. This emerging industrial estate is proving to be popular amongst […]

Last Amaroo Group Centre block sells.

Amaroo Auction.sold

The last remaining mixed use / multi-unit development site in Canberra’s Amaroo Group Centre has now been sold. Originally passed in an auction on 27 November, the block sold to the highest bidder for $2,350,000. Blocks 1 & 2 Section 114 total 4,049sqm and allow a maximum of 70 dwellings and 2,500sqm of commercial space. […]

RBA leaves Rates on Hold at Last Board Meeting for the Year.

Interest Rates

The Reserve Bank of Australia (RBA) has announced the outcome of their last board meeting of the year. With a steady economy and coming into the holiday season, the RBA has decided to keep the cash rate on hold for the fourth consecutive month at 2.5 per cent. Economists were largely unsurprised by the announcement, […]

Gungahlin set to get its own seven-screen cinema complex.

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It’s lights, camera and action for Gungahlin with a $50 million plus development set to provide a seven-screen cinema for the north Canberra town centre. Work will start mid 2014 on two 500-seat movie theatres and five 200-seat theatres boasting an overall capacity for more than 2000 patrons. Long-established Canberra company the Krnc Group, better […]