Home
  • plan
  • Invest
  • Property
  • enquire now
  • Learn
Home
DPN
  • plan
  • Invest
  • Property
  • enquire now
  • Learn

Research

Good infrastructure and urban planning attract property investors to Googong

A master-planned community with extensive retail, education, commercial, community and transport plans put Googong firmly in the spotlight for investors.

TAGS

Research (94) / Property investor (165) / Getting started (130) / Beginner (579) / Intermediate (544) / Expert (568) / New South Wales (274) / Googong (8) / Dual Income property (6) / Growth (103) / Innovation (17) / Property investor (100)

Existing and planned infrastructure is at the top of the list for homebuyers and, therefore, property investors. Along with attracting higher median house prices, people flock to areas with cultural, commercial and nature-inspired lifestyle options for happy living. The new township of Googong certainly fits the bill.

Case study: Googong


Across a staged master plan of 20 years, Googong will become predominantly self-sufficient.


Just eight kilometres south of Queanbeyan CBD, the new township of Googong is a hub of rapid development. The joint venture between Peet Limited and Mirvac is set on about 800 hectares of land. It's expected to include around 6,200 homes, for 18,000 people.

Across a staged master plan of 20 years, Googong will become predominantly self-sufficient. With the Molonglo Ranges providing scenic lifestyle perks, a focus on sustainability and exciting projects underway, there’s no doubt this is a hot spot for investors.


RELATED LINKS

  • Why invest in Googong: a community set to boom

Club Googong is a meeting place for residents.

Club Googong, in the heart of the first neighbourhood, is a meeting place for residents.

A firm foundation in place

The first residents of Googong moved to the township during March 2014 and it’s now home to approximately 2,300. Currently, they’re enjoying Googong North Village Centre, with a supermarket, a gym, a medical centre, food outlets, a community centre and childcare facilities.

Further recreational amenities include playing fields, playgrounds, dog parks, bush trails and Club Googong. In terms of education, the Anglican School Googong takes students from Early Learning to year eight. Growth is projected here through to year 12 by 2023, and public primary and secondary schools are set for construction.

DPN have access to selected blocks of land, starting from $332,000, each with approval to build a dual income home which produce a high rental yield, above 6%. The other investment fundamentals check out, with the area having low vacancy rate a strong capital growth at 10% p.a. for the next 5 years according to Residex.

Googong Central smart urban planning

Googong Central will include a $143 million town centre.

Free - No Obligation

Find properties in growth areas

Planned infrastructure

Transport is set for a boost with the $31 million Old Cooma Road duplication completed in June 2020. The 4.5 kilometre dual carriageway stretches from Edwin Land Parkway to the town’s entrance and incorporates room for cyclists. This is good news for projected jobs growth, which includes an average of 560 full-time construction jobs each year with a multiplier effect for the wider region.

To cater to a growing population, Googong Central has a projected opening date in 2024, in the second neighbourhood of the same name. The complex will house two major retail supermarkets, bars, cafes, restaurants and retail stores.

Further to this, proposals include a public library, a fire station and a community centre. The total cost for the town centre is calculated at about $143 million. Once finished, Googong’s retail sector is expected to generate around $185 million each year.

This is a town that’s quickly gearing up for the residents and investors of the future, with forward-thinking infrastructure and smart urban planning.

 


Follow us on Twitter for more news, tips and inspiration.
Like us on Facebook and Google+ explore our Pinterest boards.

Like this article or found it helpful? Share it!

Newsletter

Receive our articles directly to your inbox

Next article

How to financially recover: a step by step guide

Go to articles list

Programs

Work with us
Giving back
Become an affiliate
Refer a friend
Help desk
Property Management
Finance

Locations

Head office
Australia
Hong Kong
Singapore

Contacts

Toll free in Australia
P. 1300 723 318
Outside of Australia
P. +61 2 9525 2033

Social Media

Newsletter

Terms of use | Privacy policy | Guarantees

This information is provided by DPN Pty Ltd ABN: 94 630 700 186 Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and related entity of DPN. Credit for Dream Big 100% Offset and Work Smart 100% Offset is provided by Adelaide Bank a division of Bendigo and Adelaide Bank Ltd, ABN 11 068 049 178 and Australian Credit Licence 237879. Casa Capace Operations Pty Ltd, NDIS provider number 4050038018 trading as Casa Capace.