Land in Campbell Section 5 is expected to be hotly contested when it goes under the hammer in June.
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Sales agents for the infill site are reporting strong interest by local and interstate developers in what they say will be the biggest land auction event in Canberra since 2007.
The Land Development Agency will sell five individual blocks of land in Campbell for a combined maximum 528 dwellings.
CBRE sales agent Andrew Stewart said there had been about 50 inquiries, including from interstate.
Mr Stewart said that the end value of the completed developments would be more than $300 million.
The five blocks of land, which range in size from 2095 to 7020 square metres, will be auctioned through CBRE and Raine and Horne Commercial agents on June 11.