It is located in the suburb of Lyneham, 6 kilometers north of Canberra's central business district.
[6] Approval for a new racecourse at the contemporary site was granted in 1950, but racing continued at the Acton racetrack until 1962 when the club moved to its current location in Lyneham.
[10] The following year, during a royal visit to Canberra as part of the bicentennial celebrations, Queen Elizabeth II attended a race meeting at the course and opened the new Queen Elizabeth II Grandstand.
[13] In 2024, the ACT Greens announced a plan to compulsorily acquire the racecourse to redevelop it in entirety as a new suburb.
[14] Transport to and from the course can be found at the nearby EPIC and Racecourse light rail station on the Canberra Metro R1 Civic to Gungahlin line.