Residents and owners of Gungahlin real estate may be interested to hear that major development is set to begin in nearby settlement.
Throsby, located 2.5km from Gungahlin Town Centre, is currently used for animal grazing.
However, after the Commonwealth Government approved the Gungahlin Strategic Assessment Biodiversity Plan, the area will see up to 1,100 new dwellings built on its land.
Tenders are now being called for the planning and engineering of the project, according to an August 21 media release.
The development will involve a major overhaul of the area, including new residential and commercial blocks in a range of sizes, recreational centres and playing fields all in close proximity of the proposed homes, in addition to a Visitors Centre within the Mulligans Flat Nature Reserve.
In a major boost for those looking to invest in property in the region, 20 per cent of the new homes will fall in the government's affordable housing price range.
The newly developed suburb of Throsby will also be well connected through a variety of pedestrian and cycle paths.
Those with Gungahlin or Belconnen real estate are set to follow the developments with keen interest, as they signal an expansion of the region's residential and commercial reach with likely benefits for the local community.