The final chapter of Denman Prospect is now open and it’s one of the most compelling development opportunities in the ACT in recent years.
Denman Prospect Stage 3, a 40-hectare englobo site in Canberra’s fastest-growing region, is now available via single-stage tender. This is a rare chance for national developers to leave their mark on a suburb already renowned for its quality, connectivity, and community spirit.
A prime location with unmatched connectivity
Strategically located in the Molonglo Valley, Denman Prospect Stage 3 is surrounded by a thriving urban landscape and transformative infrastructure projects. The site is zoned for medium and high-density residential, mixed-use commercial, and community facilities, with capacity for approximately 2,950 dwellings including affordable, community, and public housing. It also includes space for a primary school and playing fields, ensuring a well-rounded, liveable precinct.
What sets this opportunity apart is its proximity to major infrastructure investments. The site sits directly opposite the future Molonglo Town Centre, which will feature a retail and commercial precinct, district library, community centre, and educational institutions. Roadworks on John Gorton Drive and the Molonglo River Bridge, scheduled for completion by 2026, will further enhance connectivity to Canberra City, Woden, and Belconnen, all just 15 minutes away.
A legacy project for visionary developers
This is more than a land release – it’s a chance to shape a suburb that reflects Canberra’s future. With Stage 1 already thriving and Stage 2 under construction, Stage 3 offers developers the freedom to define the final piece of a well-established community. The site’s englobo format provides flexibility in branding, design, and delivery, allowing developers to bring innovative placemaking to life.
Sustainability at the core
Stage 3 of Denman Prospect is also fully aligned with the ACT’s sustainability vision. As a gas-free, zero-emissions development, Stage 3 supports the territory’s goal of net zero emissions by 2045. Canberra’s reputation as the world’s most sustainable city (Uswitch 2021) and its 100 per cent renewable electricity supply make this an ideal location for forward-thinking, climate-conscious development.
A strong investment in a thriving market
For developers seeking a high-yield, low-risk investment, the numbers speak for themselves. Canberra boasts the second-lowest unemployment rate nationally, high household incomes, and a strong property market. With over 10,000 residents already calling Molonglo Valley home and another 60,000 expected in the coming years, demand for quality housing and mixed-use spaces is set to soar.
Denman Prospect Stage 3 is not just a development site – it’s a legacy project. It’s an opportunity to build on the success of Canberra Airport Group’s delivery of Stages 1 and 2, and to contribute to a suburb that’s already transforming lives.
Tender submissions close 11 September 2025.
Visit suburbanland.act.gov.au for more information and tender documentation.
