Hi Chris,
Suburbs to the North of the City such as Braddon, Ainslie, O'Connor, Watson, Downer, Hackett, Campell are all 2-20min ride to the city and very close to Mt Ainslie/Mt Majura which have great mountain biking. Suburbs to the south such as Kingston, Manuka, Yarralumbla, etc are ~15-20min ride to the city but are more generally more expensive.
As for gyms. Well there is Mitchell (certainly not up to the standards of gyms I have been to in Sydney) and Aust National Uni Wall which has an old brick featured climbing wall and a more modern wall with some steep overhangs and roofs.
Happy to give more info.
Jono.
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