Core Developments has launched plans for a six-storey multi-unit residential project in the growing Canberra suburb of Gungahlin. 

The Canberra-based developer wants to build 126 apartments in one of the capital’s most lucrative property hotspots, which, according to CoreLogic this year, has the third highest 12-month home-value growth.

If approved after exhibition, the 4836sq m site on The Valley Avenue would be home to two buildings between two and four storeys, as well as two levels of basement parking.