Project Name: Reid & Stevens – West Belconnen Rezoning – Riverview
Client: Reid & Stevens – Riverview
Project Description: This study presented an assessment of the ACT residential market to understand the opportunities to the ACT from delivering an affordable residential product at West Belconnen.
The aim of this assessment was to:
- Identify the projected shortfall in the ACT and Queanbeyan housing market
- Assess household affordability in the ACT by analysing income, price growth and market segments.
- Identify market depth in terms of price points and in particular affordable housing opportunities.
- Assess how the delivery of a new development front and an affordable housing product at West Belconnen can provide opportunities for the ACT to transfer housing demand from NSW and capture latent demand in the ACT.