Denman Prospect

Denman Prospect is a suburb currently under development in the Molonglo Valley district of Canberra, located within the Australian Capital Territory, Australia.

Denman Prospect is a suburb currently under development in the Molonglo Valley district of Canberra, located within the Australian Capital Territory, Australia.

It is named in honour of Lady Denman, the wife of the fifth Governor-General of Australia, The Lord Denman. The principal ceremonial occasion during Lady Denman's term as first lady was the inauguration of the Federal capital on 12 March 1913. Lady Denman stood upon the newly laid Foundation Stones and pronounced, "I name the capital of Australia – Canberra". The name Denman Prospect was selected to distinguish the locality from the town of Denman, New South Wales. The use of the suffix 'prospect' meaning view, vision or the outlook for the future, is considered significant in the context of the naming of Canberra by Lady Denman and Lord Denman's ensuing visionary speech for the future of the capital.

The ACT government attempted to sell the entire suburb as one lot to a developer first at an auction, and then by negotiation. However the Colliers auction on 12 April 2013 was a failure with only one registered bidder, and then three months of negotiating led nowhere, and so the Land Development Agency will now develop the suburb itself. Blame for the failure to sell to a developer was placed on new solar access regulations, which meant that blocks had to be bigger, or that house sites had to be excavated into the hillside. Denman Prospect was scheduled to be the third suburb to be developed in the Molonglo Valley District and the first in stage 2. In July 2015 the Capital Estate Development company won a tender to build half of the suburb. This company is owned by the Snow family who also own Canberra Airport.Coppins Crossing bridge was repaired after flooding in 2011.