Griffith ACT Australia is a prestigious inner south suburb of Canberra. It is situated on the southern side of Lake Burley Griffin, and is surrounded by historic buildings such as Parliament House. It is also close to Kingston and Manuka, two of Canberra’s fine dining, shopping, and boutique areas. The city has been recognized as a global destination for many reasons, and if you’re planning a visit to the ACT, this may be a great place to start.
Real estate investors in Griffith can take advantage of relatively low property prices and the low capital gains that come from real estate. On average, you could earn $850 in rental income based on median home prices. However, the average time that a property will spend on the market is short – 0.0 days. During 2016, 45 properties were sold in GRIFFITH – the 52nd most active market in ACT. However, you’re not guaranteed a fast sale. Learn more about Lyons.
For the moment, there are a number of ongoing public consultation processes underway. The ACT Government is currently assessing Draft Variation 375, which is inappropriate for part of Griffith and does not meet community expectations. The development is not suited to the community’s demographics and should be placed on a RZ2 block, as it would cover 90 percent of the block. It will be a shame if the project is not built as planned, but only as an experiment.
There are a lot of great places to visit and see in Griffith, ACT. We compiled a quick list here.
Point Of Interest #1 Gelatissimo Manuka, Shop T07/17 Flinders Way, Griffith ACT 2603
Point Of Interest #2 Three Mills Bakery, 5 Leeton St, Fyshwick ACT 2609
Point Of Interest #3 Manuka Oval, Manuka Cir, Griffith ACT 2603
Point Of Interest #4 Power Kart Raceway, 125 Canberra Ave, Griffith ACT 2603
Point Of Interest #5 Patissez Cafe, 21 Bougainville St, Griffith ACT 2603