Acton Waterfront development gets $2.25m federal boost
Commonwealth pledges $2.25 million to plan Acton Waterfront mixed-use neighbourhood with 1400 dwellings.
The Albanese government has committed $2.25 million for planning and work on Acton Waterfront, a major housing project at West Basin in Canberra. The plan includes about 1400 dwellings across six hectares, housing 2000 residents.
Eight-storey buildings will line Commonwealth Avenue, stepping down toward Lake Burley Griffin. At least 15 per cent will be affordable homes.
The design aims to create a lakeside neighbourhood connecting the city centre with the lake. It will have shops, offices and a hotel.
Ngamawari, a new public park, is already under construction. It is due for completion in 2028, with playgrounds, gardens, event spaces and public art.
The project is estimated to contribute $1.9 billion to the economy over 40 years.
- 2.25 million dollars
- Federal funding
- 1400 homes
- Planned dwellings
- six hectares
- Site area
- at least 15 per cent
- Affordable housing
Why it mattersCanberra has severe housing shortage, and Acton Waterfront will add 1400 homes while revitalising underused waterfront land near the city centre.
AustraliaIn Canberra specifically, 1400 new homes with 15 per cent affordable housing addresses the capital's critical shortage while boosting construction jobs.
✓ Claims checked against the source. checked 3 h ago
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