There’s an undeniable buzz surrounding Googong that’s set to grow along with the town. Just 20 kilometres from the Canberra CBD, it rests on the picturesque backdrop of the Molonglo Ranges in New South Wales. The area’s first neighbourhood, Googong North, has already attracted thousands of residents with playgrounds, dog parks, tennis courts, shops, the Anglican School Googong and recreational facilities at Club Googong.
However, this is just the beginning.
The masterplan includes five neighbourhoods to include 6,500 homes in the future.
A masterplan for the future
According to Residex, the predicted capital growth is 10% per annum for the next five years.
The masterplan for the township is well underway and includes five connected neighbourhoods set to host around 18,000 people in 6,500 homes in the future. Work on the second neighbourhood, Googong Central, began in 2018 with infrastructure to support the growing region and 1,800 homes for 4,500 residents.
Dubbed as a community with something for everyone, affordable housing in the township is extending from blocks of land to large family homes, terraces and apartments. According to Residex, the predicted capital growth is 10% per annum for the next five years, which is well above the Sydney metro.
The next big expansion is a $143 million town centre and shopping precinct.
Infrastructure and job opportunities go hand in hand and both are booming, now and into the future. The next big expansion is a $143 million town centre and shopping precinct in the new neighbourhood of Googong Central. It will encompass two major supermarkets, a community centre, a library, a fire station, shops, cafes, a man-made lake with a boardwalk and much more. The Manuka-sized precinct is predicted to generate hundreds of jobs, including flow-on jobs in nearby Queanbeyan.
The Anglican School Googong is set to expand to Year 12.
Expanding educational facilities
Currently, the Anglican School Googong caters for Early Learning through to early high school, though it’s set to expand to Year 12. The NSW Government has approved plans for a public primary school adjacent to the Googong North Village Centre and a secondary school in Googong Central.
Long-term development for roads
Roads and commuting won’t be a problem for current and future residents, with improvements underway. The Queanbeyan-Palerang Regional Council is predicted to complete work on an Ellerton Drive Extension by mid-2020. Furthermore, a $31 million duplication of Old Cooma Road to the entrance of Googong is in progress.
Canberra is just 20 kilometres away.
Sustainable practices and lifestyle perks
Free - No Obligation
Find properties in growth areas
Googong was awarded the Green Building Council of Australia’s first 5-Star Green Star - Communities rating and is fast building a reputation as an eco-friendly community. An integrated water cycle management system reduces potable water use by about 60% and allows the recycling of over half of the town’s waste water. Plus, every home has been built to exceed the required sustainability standards.
The sustainable lifestyle perks stretch further still, with 23% of the town dedicated to open space, including a chain of ponds and over 15 kilometres of bush trails, walking and bike paths. There’s an established community garden in Googong North, with more on the way for residents to lease a plot and grow their own food.
With booming infrastructure, jobs growth, lifestyle perks and excellent capital growth potential, it’s little wonder that Googong has firmly captured the attention of property investors.
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.