Tuesday, 10 March 2015
Only nine blocks remain just one week after a new land release in Townsville's master planned community The Village.
Economic Development Queensland Director, Mr Andrew Sly, said he is not surprised by the speed at which blocks of land are selling in the Stage 5b release.
“Just before Christmas last year we released 24 lots in Stage 5a and the majority of them sold within days. In fact, only one block remains from that release,” he said.
“We are expecting a similar, if not stronger, take up of this release.
“People from all over Townsville are relocating to The Village. Market research we conducted last year showed us that 50% of residents lived in a suburb north of the river, prior to buying in our estate.”
The new land release is on offer from $134,000 to $167,000, and the price has been a big drawcard.
“The recent drop in interest rates is making home ownership a much more attractive option than renting. When home buyers look at the brand new, low maintenance house and land options available, and work out what the repayments will be, we find they are keen to purchase,” Mr Sly said.
The appeal of this master planned community lies in its inner-city, riverfront location. Market research conducted by Proof revealed that almost 60% of residents in the estate are under the age of 35, proving that home buyers choosing this location love the social connectedness this community has with the city heart.
“We were thrilled to hear that 94% of our residents recommend living at The Village to their friends and family, which increases the reputation of the estate. For us, this isn't just a development, it's a community, and it's important our home buyers have that feeling too.”
“While the location of The Village draws home buyers in to the estate, it is the surroundings that convince them that this is their new community,” Mr Sly said.
“There aren't many new estates, or established suburbs for that matter, with the big, beautiful old trees and parkland landscaping as impressive as The Village.”
Home buyers looking to build their dream home in a riverside location in Townsville should visit The Village today.
About The Village
The Village commenced in 2011 and is growing into a substantial community with approximately 150 lots sold to date. The development has a further 16 stages and approximately 720 homes scheduled for release before completion planned for 2019.
About Economic Development Queensland
Economic Development Queensland (EDQ) is a business unit of the Department of State Development, Infrastructure and Planning. EDQ facilitates fast-track residential, urban and industrial development throughout Queensland.
To find out more about EDQ go to www.edq.qld.gov.au
Media contact: Michael O'Meara (07) 3452 7826
Follow us on Twitter @QldDSDIP for the latest news from the department.