A total of three new townhouse projects are planned for Moncrieff, the young suburb in the Gungahlin district of Canberra.
This represents a major wave of development, as 130 dwellings are set to be built across the three locations, Domain reports, provided the applications lodged with the Australian Capital Territory (ACT) Environment and Planning Directorate are approved.
Some 57 new townhouses will be brought to Moncrieff under the terms of one of the projects, including 40 three-bedroom homes and 17 two-bedroom dwellings.
The Reserve - a $12.3 million project - is the responsibility of Bond Projects and Antalija Developments and it will be situated on a 8,195.3 sq m plot of land opposite a nature park at the corner of O'Keefe Avenue and Bon Scott Street.
It already hit the market in September prior to approval and was originally slated for 89 homes but the plans were revised to incorporate larger living spaces.
Construction is pencilled in to commence later on this year if the plans are approved and completion is targeted for 2017.
Bill O'Neill, director of Bond Projects, said that one-third of the development has already been sold, with a general appetite for townhouses throughout Canberra.
"There's certainly a demand for cottage blocks and townhouse blocks, while there is a bit of an oversupply of units," he commented, adding that a small number of units are being built across Moncrieff but that the majority of multi-unit sites in the suburb are townhouses.
Another project valued at $9.7-million is slated for development in the area and it consists of 40 two-storey terrace-style houses, which will slot in between Bernard Heinze Avenue, Crackajack Way and Bellhouse Crescent.
Collins Caddaye Architects will design the project, which consist of eight two-bedroom and 32 three and four-bedroom townhouses.
