This cache is in a nice bushland reserve that I used to like birdwatching in (B.C.). Now called Gungahlin Hill Nature Reserve, it is one of the many hill top reserves in Canberra where no houses can be built.
It's also a good place to watch the expansion of the new suburb Crace, which will eventually come right up to the edge of this reserve. As an added bonus, you can even see Telstra Tower from the top point of this hill.