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Denman Prospect is a suburb currently under development in the Molonglo Valley district of Canberra, located within the Australian Capital Territory. It is named in honour of Lady Denman GBE, the wife of the fifth Governor-General of Australia, The Right Honourable the Lord Denman GCMG KCVO PC. 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 was a failure with only one registered bidder, and then three months of negotiating led nowhere, and so the suburb was developed.