Denman Prospect townhouse plan scrapped for 150-apartment development
A developer scrapped an approved 27-townhouse plan and now proposes more than 150 apartments.
A housing development in Canberra's Denman Prospect has undergone a big shift. The developer won approval for 27 townhouses in March 2024.
Now that plan is scrapped. The new proposal is more than 150 apartments in a three-building complex on the same site.
Rising construction costs, higher interest rates, and weak demand for expensive townhouses forced the change. The market shifted so much that pre-sales for townhouses stopped.
This made the original project not workable. The new plan includes mostly one- and two-bedroom apartments.
It skips the three- or four-bedroom units that ACT planning guidelines recommend. The developer says it tried to sell larger apartments in earlier projects but found no buyers.
- 27
- Original townhouses approved
- 150+
- New apartment units proposed
- Core Developments
- Developer
- 60 per cent
- Unsold 3-bed apartments in Boulevard
Why it mattersMarket shifts force developers to change housing types. This directly affects what new Canberra residents can buy and how density grows.
AustraliaCanberra's housing supply is increasingly shifting toward smaller apartments rather than townhouses, affecting young families and homebuyers seeking space.
✓ Claims checked against the source. checked 2 h ago
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