High level of interest from overseas buyers

THE developers of a subdivision in central Kingston say they are receiving a “strong level of inquiry from interstate” for the upmarket residences at the prime site.

New South Wales and Queensland-based developers Traders in Purple have been engaged by Kingborough Council to run the residential and commercial subdivision in the former Kingston High School site.

There are 80 homes for sale under stage one of the Kings Quarter subdivision.

Construction is set to begin in 2021.

Traders In Purple’s development director for Tasmania Jennifer Cooper said the starting price for homes in stage one, known as Birchs Row, was $660,000.

Ms Cooper said the development was aimed at downsizers, professionals and young families.

“We’re seeing a real mix of people coming through,” she said.

“There has also been a strong level of inquiry from prospective interstate purchasers.”

The residential subdivision forms part of a $300m masterplanned precinct in the grounds of the former Kingston High School.

Kingborough Council’s public open space and $7m mega playground is under construction.

Kingborough Mayor Dean Winter said it was great to see progress at the site after years of negotiation with the state and federal governments.

“Our investment in infrastructure and community spaces will balance the residential and commercial developments, which will transform Kingston into being a place to work, shop, and play,” Cr Winter said.

State Growth Minister Michael Ferguson said the development would meet the varying needs of the local community.

“It is a massive vote of confidence in the Tasmanian economy,” Mr Ferguson said.

“It’s exactly what we need at this time as we recover from the pandemic.”

The Kingston Park project received a $2.8m through the Commonwealth’s Building Better Regions Fund.