Home buyers hot for Australia’s first sun-savvy suburb Denman

Posted by Simon Dehne on October 19, 2015 in Latest News with No Comments

follow_the_sun_3Home buyers have taken a shine to Australia’s first solar suburb with hundreds of bidders competing for 40 blocks in Denman’s first land sale.

Some snapped up two and three blocks each at the sell-out auction in front of a 500-strong crowd at the Canberra Convention Centre. There were 250 registered bidders with final prices ranging from $410,000 to  $560,000 for blocks from 375 to 800 square metres. The prices were in line with market expectation.

Denman, which will take shape in the Molonglo Valley, is the first suburb in Australia where the developer has mandated the installation of solar panels for every dwelling.

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