97 Monaro Crescent
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About this property
Positioned in one of Canberra's most sought-after suburbs, this boutique townhouse development offers a rare opportunity for developers and builders seeking a project with immediate market appeal. Designed by the internationally recognised, award-winning firm Fender Katsalidis (FK Australia), this future landmark development will deliver bold architectural expression backed by practical, efficient planning. The combination of FK Australia's reputation and the site's Inner South location provides exceptional credibility, strong buyer confidence and clear sales advantages. Each planned residence features its own distinct architectural identity, ensuring the finished collection stands out in a competitive market and sets a new benchmark for premium living in the area. This collection features 7 two-storey townhouses with basement garaging. Perfectly positioned within close proximity to top-tier schools, vibrant shopping precincts, lush parklands and Canberra's key cultural and employment hubs, these premium residences deliver both prestige and practicality. This is a truly rare development opportunity that is ready to go. DA approval is already in place*, and the existing improvements currently generate one of the strongest interim returns available, with all 10 residences leased and producing over $15,000 per month in gross income. The final fixed-term lease expires in November 2026, providing developers with both income stability during planning and the flexibility to commence construction on their preterred timeline.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Bedrooms
- 11
- Bathrooms
- 11
- Parking
- 11
- Land Area
- 1807 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Red Hill
This 11-bedroom land in Red Hill, ACT 2603 sits within reach of public transport, local shops and nearby schools.
Schools near Red Hill
- Canberra Grammar School - Primary Schoolprimary
- Canberra Montessori School - Red Hill Campusprimary
- Red Hill Primary Schoolprimary · K-6 · CoEd
- St Bede's Primary Schoolprimary · K-6 · CoEd
- Canberra Grammar Schoolsecondary · K-12 · CoEd
What's nearby
- La Perouse Street 2Nd After Astrolabe Street (bus) — 457 m away
- Red Hill Butcher Shop — 587 m away
- Unnamed — 288 m away
- Unnamed — 441 m away
- Unnamed — 454 m away
Red Hill at a glance
Full suburb profile- Population
- 3,146
- Median age
- 42
- Household income
- $3,938/wk
- Median rent
- $500/wk
- Median mortgage
- $3,500/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Red Hill price trend
Median sold · House 4 bed
Compound growth -0.3% / yr over 4 yrs
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