Throsby Area Profile

THROSBY AREA PROFILE

CONTENTS

WHY CANBERRA? PG 4

OVERVIEW OF THROSBY

3 PROPERTY GROUP PG 10 THROSBY AREA PROFILE

DETAILED INVESTMENT PG 13 ANALYSIS THROSBY

Growth and Regional Context

Demographic Snapshot

Property Market Indicators

Context and Infrastructure

Relevant Property Market Infrastructure

2 3 WRIGHT DENMANTHROSBY PROSPECT AREA PROFILE AREA PROFILE “NET OVERSEAS MIGRATION WAS THE MAIN CONTRIBUTOR IN THE ACT’S GROWTH AT GROWTH IN ACT’S THE MIGRATION WAS CONTRIBUTOR MAIN THE OVERSEAS “NET 48%. NATURAL INCREASE AND NET INTERSTATE MIGRATION CONTRIBUTED 44% AND 8% 8% AND 44% INTERSTATE NET AND MIGRATION CONTRIBUTED INCREASE NATURAL 48%. ABS Demography Director Anthony Grubb Anthony Director Demography ABS HIGHEST LEVELS EVER EXPERIENCED IN A CALENDAR YEAR BY THE ACT” BY ACT” THE YEAR IN ACALENDAR EXPERIENCED EVER HIGHEST LEVELS RESPECTIVELY. BOTH NET OVERSEAS MIGRATION AND NATURAL INCREASE WERE AT WERE THE INCREASE NATURAL MIGRATION AND RESPECTIVELY. OVERSEAS NET BOTH Centrally Located Centrally provides ample time for leisure. time for ample provides which week work a and wages average above tenure, long-term by characterised are that roles in population capital’s the more of 40% to than employment stable offers service public the – market housing of residential stability the the on impact which significant Parliament a has of seat the is Canberra 72 quarters. the of 66 over increase minimal an recording four drops, seen only have prices house years since eighteen the June the quarter of 2000, Canberra In term. longer the over value retains which market residential strong its for well-known is Australia of city Capital The capital CANBERRA IS AUSTRALIA’S LARGEST INLAND CITY AND IS LOCATED ABOUT 170KM ABOUT IS LOCATED AND CITY INLAND LARGEST IS AUSTRALIA’S CANBERRA WHY CANBERRA? CANBERRA ISAUSTRALIA’S LARGESTINLANDCITYANDISLOCATED ABOUT170KM SOUTH- WEST OF SYDNEY AND 410KM NORTH-EAST OF MELBOURNE. OF 410KM AND NORTH-EAST SYDNEY OF SOUTH- WEST SOUTH-WEST OFSYDNEYAND410KMNORTH-EAST OFMELBOURNE. © MACRO PLAN DIMASO PLAN © MACRO , 3 PROPERTY GROUP 3 PROPERTY 3 PROPERTY GROUP MELB OURNE C ANBERRA S YDNEY 4 BRISB 800,000 people. over to day given any can on population the grow and employment for Googong, capital the allutilise Queanbeyan, Bungendore and Yass as Murrumbateman, such areas Located Canberra, from basis. minutes daily 30-45 a approximately on fluctuation significant provide population of also regions Wales South surrounding New the rate, rapid at a growing is population Canberra’s While Tuggeranong. and Woden include Molonglo In Valley, Belconnen, Gungahlin, centres town infrastructure. the centre, city the city to addition capital larger the within cities micro as operate which centres, town major five around designed is Canberra ANE CEN BEL TUG TRAL W C ODEN GERANONG ONNEN GUNG C ANBERRA CIT L AHLIN Y

L OCA Y TED "CLEARLY CANBERRA IS GREAT FOR FAMILIES, AND ITS SUPERIOR PAY FAMILIES, FOR GREAT ITS IS AND ARE PACKETS CANBERRA "CLEARLY SUPERIOR PAY FAMILIES, FOR GREAT ITS IS AND ARE PACKETS CANBERRA "CLEARLY growth for Australia and the capital cities. capital the and Australia for growth population of percentage recent most the shows cities. capital the and Australia for growth couples andcalling the capital home. families The table below young population of more percentage to recent most due the shows boom baby a experiencing also is couples andcalling the Canberra capital home. families The table below migration. young skilled more to due boom baby a capital status the as a regional and city experiencing for the also is purpose of migration Canberra overseas migration. and skilled interstate growing by fastest the driven capital largely status theis as a which regional Australia and city of for in the populations purpose of migration overseas one and interstate growing has by fastest Canberra the driven largely is which Australia of in populations one has Canberra 2022. by 437,032 to reach expected is 415,916 and is population total Canberra’s 2022. by 437,032 to reach expected is 415,916 and is population total Population Canberra’s Population and Arabic Mandarin, Cantonese. and are Arabic households Canberra three top Mandarin, the English, Cantonese. than Other are households Canberra three top the English, than Language Other Language ATTRACTIVE FOR YOUNG PROFESSIONALS.” YOUNG FOR PROFESSIONALS.” ATTRACTIVE YOUNG FOR PROFESSIONALS.” ATTRACTIVE CommSec Senior Economist Craig James Craig Economist Senior CommSec James Craig Economist Senior CommSec Year Population Avg Age Year Population Avg Age 2027 2022 2027 2022 2032 2032 2037 2037 2042 2042 2052 2047 2052 2047 2057 2057 2062 2062 3 3 2 2 1 1 415,916 415,916 Cantonese Cantonese Arabic Arabic Mandarin Mandarin 652,053 652,053 590,492 590,492 529,330 529,330 499,463 499,463 437,032 437,032 559,569 559,569 621,492 621,492 469,015 469,015 681,187 681,187 437,032 437,032 graph above , © MACRO PLANDIMASO 40 years 40 years 40 40 years 40 years 40 38 years 38 years 38 38 years 38 years 38 36 years 36 years 36 39 years 39 years 39 years 39 years 39 37 years 37 years 37 41 years 41 years 5 5 5 0.0 0.5 0.0 1.0 0.5 1.5 1.0 2.0 1.5 2.5 2.0 2.5 Percentage ofPopulation Growth Growing Australia Growing Growth Price House Annual the longer term longer the over strength greatest the displays Canberra term longer the over strength greatest the displays Canberra 242.8% at growth of percentage highest the experienced has capital Canberra major Melbourne, 242.8% at and Sydney two cities, the to growth of percentage highest the experienced compared cities. has When capital capital Canberra other major Melbourne, in and seen Sydney two rarely cities, is the which to compared cities. When capital other term, the longer over a level of stability offers in seen rarely is which has in increased 66 of the – 72 the quarters capital price house Canberra’s term, century, the longer over a level of stability offers the turn of the since years eighteen has in increased 66 nearly of the – 72 the quarters capital price the house In Canberra’s century, the turn of the since years eighteen nearly the stability Market In stability Market Australia Growing Growth Price House Annual House Price House 2015 Median Price House 2015 Median /15 Yrs % Growth /15 Yrs % Growth

ACT ACT

NSW NSW $641,000 $641,000 242.8% 242.8% CBR CBR VIC VIC

QLD QLD $ 1,150,357 $ 1,150,357

241.3% 241.3% SA SA SYD SYD

WA WA

TAS TAS $855,000 $855,000 216.67% 216.67% MEL MEL NT NT

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OVERVIEW OF THROSBY

GUNGAHLIN CBD THROSBY This assessment provides a profile of the suburb suburb on the urban fringe/greenfield development: of Throsby. Located 6 minutes south of the young families on average incomes that own their Gungahlin CBD, 16 minutes north-east of the home with a mortgage or are renting. Belconnen CBD and the Canberra CBD. Throsby is bordered by Goorooyarroo Nature Reserve in In addition to the light rail, there are three bus HARRISON the south, and east, the Mulligans Flat Nature routes that service Throsby: the 58, 200 and 958. Reserve in the north and Harrison in the west. These routes connect Throsby to the Gungahlin CBD, Mitchell employment precinct and Canberra CBD.

As Throsby is a new suburb and historical OVERVIEW OF THROSBY demographic data is not available, this profile To the east, residents can enjoy the Goorooyarroo considers the growth statistics for the adjacent Nature Reserve which borders New South Wales. suburb of Harrison. To the west, in the adjacent suburb of Harrison, are Mullion Park, Harrison District Playing Fields and Over the past five years the Harrison population has Gubur Dhaura Heritage Park. BELCONNEN CBD grown by 48.2 per cent overall, or an average annual

THROSBY AREA PROFILE rate of 8.2 per cent, from 5,923 in 2013 to 8,775 by 2018. ACT Treasury projections expect the area to see an additional 6,085 residents by 2036.

The demographic profile of the area reflects a

WITHIN A 10 MINUTE DRIVE RESIDENTS CAN ACCESS:

• Canberra Showgrounds • Canberra Indoor Rock Climbing CANBERRA CBD • Thoroughbred Park • Eight schools • Yowani Country Club • Nine childcare centres • Gungahlin Oval • Canberra Institute of Technology • Crace Hill Trig Station Gungahlin Campus

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KEY FINDINGS

DEMOGRAPHICS

POPULATION GROWTH RENTAL YIELDS

As Throsby is a new suburb and historical population data is not available, this profile considers the growth Over the period 2010 to 2019, rental yields for houses and units have firmed with a slight upward trend. As at statistics for the adjacent suburb of Harrison. The Harrison population was 8,775 in 2018, which had increased June 2019, implied yields were 5.4 per cent for units and 4.5 per cent for houses. by 48.2 per cent in five years. ACT Treasury projections expect the area to see an additional 6,085 residents by 2036. PROPERTY MARKET CONTEXT AND INFRASTRUCTURE DEMOGRAPHIC PROFILE POPULATION GROWTH The demographic profile of the area reflects a new growth suburb, with young families on average incomes that own their home with a mortgage or are renting. According to the ACT Land and Property Report for December 2018 (issued in June 2019), there were 171 dwellings under construction in Throsby and 535 dwelling sites waiting for construction to start. The median The median age of Harrison residents was 30 in 2016, below the Territory median age of 35. This is largely price for new dwellings in Throsby was $390,800 as at December 2018 and the median lot size was 420 m2. driven by a high proportion of 25–29 year olds and a low proportion of 55–84 year olds. OVERVIEW OF THROSBY Coupled families with children are the dominant household types at 41.6 per cent. This high level of activity is the result of an increase in planning activity in the inner-north that occurred in 2015 after the Government committed to light rail network. PROPERTY MARKET INDICATORS FUTURE PIPELINE DWELLING PRICES As at June 2019, there were ten major residential projects in the Throsby area, according to data from Cordell

THROSBY AREA PROFILE Sales prices in the area have increased steadily over the period 2010 to 2019 at an annual average rate of 6.2 Connect. When completed these projects will deliver an additional 470 dwellings through to 2022. per cent. As at June 2019, the median sale price was $720,000. INFRASTRUCTURE HOUSE TENURE The light rail provides access to the Canberra CBD. Throsby residents can access the light rail via the 21 and Home ownership in the area at 49.9 per cent was lower than the average for the ACT at 66.9 per cent. 22 circular bus services that also connect to central Gungahlin. There are three bus routes that service the area: the 58, 200 and 958 routes. These routes connect Throsby to the Gungahlin CBD, Mitchell trades and HOUSING TYPOLOGY services precinct and Canberra CBD.

Separate houses dominate the market in the area at 43.5 per cent of all dwellings, while apartments/units and 5 minutes drive from Throsby in the Gungahlin CBD are two large retail precincts, Gungahlin semi-detached houses make up 22.7 and 27.8 per cent of all dwellings respectively. Village and Marketplace Gungahlin. These precincts offer 43,400m2 of retail space, including major tenants Woolworths, Coles, Big W, Kmart and First Choice Liquor as well as 104 specialty stores. DWELLING APPROVALS Within a 10 minute drive from the area there are eight schools including four primary schools, two colleges Building approval data shows an average of 26 dwellings per month in Throsby over the past two years. and a high school. There are nine childcare centres within 5 minutes of Throsby and the Canberra Institute of The dwellings approved over the period consisted of 452 single houses (76.6 per cent) and 138 other residential Technology Gungahlin Campus is 5 minutes away. dwellings (23.4 per cent).

8 9 WRIGHT DENMANTHROSBY PROSPECT AREA PROFILE AREA PROFILE This report provides anoverview ofthesuburb Throsby, within theregion ofGungahlin. of locationanddemographics, housepricesandrental yields,andcurrent andplanned infrastructure. We seethevalueinproviding ourclients with athird-party investment analysistoassistintheunderstanding device systemorappliancewithinyour property withonecontrol. home. When you invest in a home built by 3 Property Group, you have the capability to master virtually any We are alsopioneersinthehomeautomationspaceanduse3PUSH to deliver onthepromise ofaconnected impact 3Property Group homes have ontheenvironment. environment andtheposition of your homeworktogether, minimises your energycostsandreduces the a newbenchmark.Ourhomesare designedwithahighenergyrating whichoptimises the way thenatural We placeastrong focusonenvironmentally sustainableinclusions, with eachofourdevelopments setting that contributetobetterenvironments, betterways oflivingandtothebettermentourcity. Our teamis committed to ourcustomersandcommunity and are constantly looking tocreate uniqueprojects the Molonglo Valley. Molonglo the of within the region Prospect, of and Denman Wright of suburbs an overview provides This report and current and yields, infrastructure. planned rental and prices house demographics, and location of understanding the in assist to analysis investment third-party a with clients our providing in value the see We control. one with property your within appliance or system any device virtually master you home. When investconnected in Group, you have a home built the capability to by 3 Property of a 3PUSH topromise the on use and deliver space automation in home the pioneers also We are environment. the on have homes Group 3Property impact the reduces and costs energy your which optimises the rating way the natural environment and energy the position of your 6-star home work together,minimum minimisesa with designed are homes Our benchmark. new a setting We place a focus on strong environmentally sustainable inclusions, with each of our developments city. our of betterment the to and living of ways better environments, better to contribute that projects unique create to looking constantly are and community and customers our to committed are team Our GROUP PROPERTY 3 SUSTAINABLE VALUE AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC WELFARE OF OUR CITY. OUR OF WELFARE ECONOMIC AND SOCIAL THE TO CONTRIBUTE VALUE AND SUSTAINABLE 3 PROPERTY GROUP CREATES OUTSTANDING PROJECTS THAT DELIVER ENDURING, DELIVER THAT PROJECTS OUTSTANDING CREATES GROUP 3 PROPERTY © MACRO PLAN DIMASO PLAN © MACRO 3 PROPERTY GROUP 3 PROPERTY 3 PROPERTY GROUP

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DETAILED INVESTMENT

THROSBY AREA PROFILE ANALYSIS THROSBY

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GROWTH AND REGIONAL CONTEXT

HISTORICAL AND PROJECTED POPULATION REGIONAL POPULATION GROWTH CONTEXT

The Harrison population grew by 48.2 per cent in the past five years, from 5,923 in 2013 to 8,775 by 2018. The graph below illustrates the components of population change over the last 20 years. Since The number of new residents per annum are projected to stay at the same levels, although as the base 2006, net overseas migration has been a strong driver of the ACT’s growth while net interstate

population increases, the annual growth rates will gradually ease through to about 2.9 per cent per annum migration increased moderately between 2006 and 2012 before again falling below zero up until 2016. DETAILED INVESTMENT ANALYSIS THROSBY by 2036. Positive net interstate migration indicates confidence that the ACT economy is strong and should have a Historical population is sourced from the Australian Bureau of Statistic’s Estimated Resident Population positive effect on wages and employment to service the additional residents. and the projections are derived from the growth rate for the Harrison Statistical Area 2 produced by the ACT Government Treasury. Regional population growth context

Historical and forecast population - Harrison, 2015 - 2036 10,000

16,000 8% THROSBY AREA PROFILE 14,000 7% 8,000 AVERAGE ANNUAL GROWTH

12,000 6% ANNUAL POPULATION CHANGE ( PERSONS) 10,000 5% 6,000 8,000 4%

POPULATION 6,000 3% 4,000 2% 4,000 2,000 1% 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) (P) 2,000

POPULATION ANNUAL GROWTH

Note projections are based on the forecast annual growth rates for the broader Statistical Area 3. 0 Source: Australian Bureau of Statistics – Estimated Regional Population, Australian Capital Territory Government Treasury – Population Projec- tions 2017 - 2041

-2,000

NET INTERSTATE MIGRATION NATURAL INCREASE NET OVERSEAS MIGRATION

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INCOME

Median personal and household incomes in the area at $982 and $2,168 per week were largely in line with the DEMOGRAPHIC ACT averages of $998 and $2,070 respectively. Household expenses were also in line with the ACT average for renters and mortgage payers. The median weekly rent was $374, while the median monthly mortgage repayment was $2,040, compared to the ACT at SNAPSHOT $380 and $2,058 respectively.

Income in Throsby

Harrison/ INCOME ACT Gungahlin

AGE STRUCTURE Median personal weekly income $982 $998

Median household weekly income $2,168 $2,070 The median age in the Harrison and Gungahlin areas was 30 in 2016, below the territory median age of 35. This is largely driven by a high proportion of 25–44 year olds and the low proportion of 55–84 year olds. HOUSEHOLD EXPENSES

The 0-14 population was relatively larger than the ACT average at 23.0 per cent compared to 18.7 per cent. Median weekly rent $374 $380 DETAILED INVESTMENT ANALYSIS THROSBY

Median monthly Residents aged 55 and over represented just 9.4 per cent of the population in the area compared with 23.0 per $2,040 $2,058 mortgage repayments cent in the territory. Source: Australian Bureau of Statistics – Census 2016, MacroPlan Dimasi

HOUSEHOLD COMPOSITION Age stucture in Throsby The average household size in the area was 2.9 people in 2016, compared with the ACT at 2.5.

Family households represented 74.9 per cent of all households in the area, driven by couple families with THROSBY AREA PROFILE children (41.6 per cent), this compared with the ACT where family households represent 70.7 per cent of all households.

Lone person households represented 8.9 per cent of all households in the area compared to the ACT at 10.7 per cent.

Household composition in Throsby PROPORTION OF POPULATION PROPORTION PROPORTION OF POPULATION PROPORTION

ACT THROSBY (HARRISON, GUNGAHLIN)

Source: Australian Bureau of Statistics – Census 2016, MacroPlan Dimasi

THROSBY (HARRISON, GUNGAHLIN) ACT

Source: Australian Bureau of Statistics – Census 2016, MacroPlan Dimasi

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PROPERTY MARKET INDICATORS

DWELLING PRICES AND SALES VOLUMES DWELLING APPROVALS

Sales prices in the area grew steadily over the period 2010 to 2019. As at June 2019, the median sale price was An average of 26 dwellings per month were approved for construction in Throsby over the period from July $720,000, an average annual growth of 6.2 per cent over the period 2010 – 2019 (year to date – YTD). 2017 to April 2019.

The number of sales eased off in recent years, however, the 2019 sales as at June have already exceeded the The additional dwellings approved over the period was made up of 452, or 76.6 per cent, single houses and 138, DETAILED INVESTMENT ANALYSIS THROSBY total sales for calendar 2018. This strong result indicates a significant improvement over the average sales for or 23.4 per cent, other residential dwellings (townhouses). the past five years. Year to date approvals for 2019 have eased from the previous highs.

Dwelling sale prices and volume, 2010- 2019 Dwelling approvals in Throsby

NUMBER OF DWELLINGS AVERAGE VALUE OF APPROVALS PER MONTH NEW DWELLING THROSBY AREA PROFILE SALE MEDIAN PRICE

SALES MEDIAN SALE PRICE Source: SQM Research

HOUSES OTHER RESIDENTIAL AVERAGE DWELLING VALUE

Source: Australian Bureau of Statistics

20 21 DETAILED INVESTMENT ANALYSIS THROSBY % % % %

25 20 15 10 5% 0% 34 2019 YTD Source: SQM Research 18 28 20 IMPLIED YIELDS - UNITS YIELDS / VACANCY RATE YIELDS / VACANCY 17 28 20 16 28 20 15 41 IMPLIED YIELDS - HOUSES 20 23 14 37 20 © MACRO PLAN DIMASO PLAN © MACRO 13 36 VACANCY RATE VACANCY 20 12 15 20 11 20 10 67 20 AVG. VACANCIES PER MONTH VACANCIES AVG. AVG. VACANCIES PER MONTH VACANCIES AVG. RENTAL YIELDS RENTAL a demonstrated units and houses for yields rental 2019, to 2010 period the over 2914 area postal the In houses. for cent per and 4.5 units for per cent 5.4 were yields implied 2019, June at As trend. upward slight low vacancy The area. the in for rent dwellings number of the small due to is rate vacancy the in volatility The on rents. pressure cause upward 2019 may at June as rate which reflects stable number of vacancies, a relatively despite has been declining rate 2015 the vacancy Since of new dwellings in the area. the development 2010 - 2019 and volume, prices sale Dwelling 5 0 45 40 35 30 25 20 15 10 ACT ACT Source: Australian Bureau of Statistics – Census 2016, MacroPlan Dimasi Source: Australian Bureau of Statistics – Census 2016, MacroPlan Dimasi THROSBY (HARRISON, GUNGAHLIN) THROSBY (HARRISON, GUNGAHLIN) Housing typology in Throsby Housing typology Housing tenure in Throsby Housing tenure

PROPORTION OF HOUSEHOLDS OF PROPORTION PROPORTION OF HOUSEHOLDS OF PROPORTION 3 PROPERTY GROUP 3 PROPERTY

compared to the Territory average of 15.0 15.0 of average Territory the to compared per cent. houses represented Semi-detached area the in dwellings all of per cent 27.8 to 17.7 per cent in the ACT. compared all dwellings, which is lower than the ACT ACT the than lower is which dwellings, all of 67.0 per cent. average 22.7 represented and units Apartments per cent of all dwellings in the area, HOUSING TYPOLOGY made up 43.5 per cent of houses Separate Renters made up 48.0 per cent of Renters made up 48.0 of average ACT the to compared dwellings 32.5 per cent. the average for the ACT at 66.9 per cent. for the ACT the average a as location area’s the reflects This young with fringe suburb greenfield and the incomes on average families high median price. relatively HOUSING TENURE per 49.9 at area the Home ownership in than lower significantly was 2016 in cent THROSBY AREA PROFILE AREA THROSBY 3 PROPERTY GROUP © MACRO PLAN DIMASO

CONTEXT AND INFRASTRUCTURE

FUTURE PIPELINE OF RESIDENTIAL PROJECTS REGIONAL PIPELINE OF RESIDENTIAL PROJECTS

As at June 2019, there were ten residential Future residential projects in Throsby According to the ACT Land and Property Regional residential projects in Throsby projects in the Throsby area, according to Report for December 2018 (issued in June data from Cordell Connect. If completed, these 2019), there were 171 dwellings under DETAILED INVESTMENT ANALYSIS THROSBY 300 DWELLING IN PIPELINE projects will deliver an additional 470 dwellings construction in Throsby and 535 dwelling 250 4,250 by 2021. sites waiting for construction to start. 4,200 4,200 200 4,150 4,120 The graph on the right illustrates the 150 The median price for new dwellings in 4,100 4,050 number of dwellings that will be delivered 100 Throsby was $390,800 as at December 4,000 if all projects are completed as expected. 2018 and the median lot size was 420m2. 4,000

DWELLING IN PIPELINE 3,930 50 3,950 3,900 The graph on the opposite page provides a 0 This high level of development activity is 2019 2020 2021 3,850 summary of the five largest proposed projects, underpinned by strong population growth and 3,800

THROSBY AREA PROFILE DWELLINGS IN PIPELINE by the total dwelling yield. Source: Cordell Connect, 2019 the reason for Throsby’s strong development is 3,750 the Government-funded light rail project, which 2017-182 018-19 2019-202 020-21 makes the area more attractive for residential RESIDENTIAL DWELLINGS Source: Department of Environment, Planning and Sustainable Development - Land and Property Report, development. The next stage of growth in the 2018 area will be stimulated by the release of mixed- use and commercial development sites as well as additional community infrastructure.

RELEVANT PROPERTY MARKET INFRASTRUCTURE

GROWTH STATISTICS FOR THE ADJACENT SUBURB OF HARRISON. THE HARRISON POPULATION WAS 8,775 IN 2018, WHICH HAD INCREASED BY 48.2 PER CENT IN FIVE YEARS. ACT TREASURY PROJECTIONS EXPECT

THE AREA TO SEE AN ADDITIONAL 6,085 RESIDENTS BY 2036. DETAILED INVESTMENT ANALYSIS THROSBY LEISURE

To the east, residents can enjoy the Goorooyarroo Nature Reserve which borders New South Wales. TRANSPORT To the west, in the adjacent suburb of Harrison are Mullion Park, Harrison District Playing Fields and Gubur Dhaura Heritage Park.

There are three bus routes that service the area, the 58, 200 and 958 routes. These routes connect Throsby to Throsby will also be home to a new $20million soccer facility which will feature multiple outdoor fields, indoor the Gungahlin CBD, Mitchell trades and services precinct and Canberra CBD. futsal courts, office space for Capital Football, and associated amenities. Horse Park Drive borders the area and provides easy access to the Federal Highway and Flemington Road for easy access to Canberra City and the Gungahlin CBD. Horse Park Drive also links to Gundaroo Drive in the THROSBY AREA PROFILE north which provides access to the Belconnen CBD. RETAIL PRECINCTS

5 minutes drive from Throsby in the Gungahlin CBD are two large retail precincts, Gungahlin EDUCATION Village and Marketplace Gungahlin. These precincts offer 43,400m2 of retail space, including major tenants Woolworths, Coles, Big W, Kmart and First Choice as well as 104 specialty stores.

A new Throsby school has recently been announced by the ACT Government and will be ready to take students Within 10 minutes drive is the Mitchell trades and services precinct with numerous retail stores such as for the 2022 school year. The new primary school will cater for kindergarten to Year 6 and will be built with Harvey Norman, Repco, Home Timber and Hardware and Bunnings. capacity for 450 students and up to 132 preschool students, with space to accommodate future student growth.

Within a 10 minute drive from the area there are additional schools including four primary schools, two colleges, a high school and nine childcare centres. MAJOR DEVELOPMENTS The Canberra Institute of Technology in Gungahlin is a 5 minute drive from Throsby. The University of Canberra, Australian Institute of Sport, and Canberra Institute of Technology (Bruce Campus) in Belconnen, are a 15 The Canberra Light Rail Network Stage One project connecting the City to Gungahlin provides Throsby residents minute drive from Throsby. faster access to the Canberra CBD. The ACT Government’s Indicative Residential Land Release Program has identified 140 dwelling sites to be released in Throsby during 2019/20.

Construction has started on a new $3.2 million learning centre at Mulligans Flat Woodland Sanctuary which will showcase the sanctuary’s conservation and restoration work, as well as provide a hub for eco-tourism, research, community engagement and education.

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THROSBY AREA PROFILE

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