During the first half of the twentieth century Ginninderra developed a reputation for high quality merino wool. Henry ‘Babe’ Curran of Deasland near Ginninderra Village achieved a world record price at auction. That year’s record auction prices helped perpetuate the myth that the country’s woolgrowers were all millionaires. The centre of the local wool industry was the Ginninderra Woolshed, the district’s largest, (the site of which was located close to the presentday intersection of William Slim Drive and Baldwin Drive in the suburb of Giralang. The structure was demolished in the early 1970s to make way for the urban development of Belconnen.