RES­I­DEN­TIAL RE­NAIS­SANCE

AMITY AT NARANGBA IS PRO­VID­ING FIRST HOME BUY­ERS WITH THE CHANCE TO GET ON THE PROP­ERTY LAD­DER IN ONE OF QUEENS­LAND’S FASTEST GROW­ING RE­GIONS

The Courier-Mail - Home - - FRONT PAGE - SA­MAN­THA HEALY

Just 34km north of Bris­bane, this sub­urb of ru­ral ori­gins is un­der­go­ing a res­i­den­tial re­nais­sance.

Amity – a joint ven­ture be­tween Point­corp and the Dahua Group – will de­liver 467 house and land pack­ages over 10 stages at Narangba, with an ex­pected end value of $222 mil­lion.

It marks a com­ing of age for Narangba, which has, un­til rel­a­tively re­cently, taken a back seat to North Lakes and Mango Hill. Since open­ing its dis­play vil­lage on Oc­to­ber 17, the de­vel­oper has been in­un­dated with in­quiries, re­ceiv­ing 159 calls within the first week.

Point­corp di­rec­tor Chris Vi­tale said they chose Narangba for sev­eral rea­sons, in­clud­ing the fact that it sat within the fastest grow­ing coun­cil re­gion in Queens­land – More­ton Bay.

“The re­gion has ro­bust pop­u­la­tion growth statis­tics, good in­fra­struc­ture, and our site is within easy reach of North Lakes and its shop­ping precinct,” he said.

“We are the se­cond rail stop from Petrie and will be close to the un­der-con­struc­tion Univer­sity of Sun­shine Coast cam­pus, which is ex­pected to sup­port 6000 jobs and 10,000 stu­dents. It was also an at­trac­tive lo­ca­tion for buy­ers and in­vestors as many of the nearby de­vel­op­ments are al­most com­plete.”

The lat­est Cen­sus data shows Narangba’s pop­u­la­tion grew by al­most 14.5 per cent be­tween 2011 and 2016, with state lead­ers tip­ping a 40 per cent pop­u­la­tion growth within 20 years. The area is pop­u­lar with fam­i­lies, with a me­dian age of 32 years – five years less than the state av­er­age.

Res­i­dents also re­ported a slightly higher em­ploy­ment rate, with work­ers tak­ing home al­most $100 a week more than their Queens­land coun­ter­parts.

Mr Vi­tale said he hoped first home buy­ers, in par­tic­u­lar, would take a look at the de­vel­op­ment, with renters in nearby de­vel­op­ments pay­ing as much if not more than they would in mort­gage re­pay­ments at Amity.

“That is why we are of­fer­ing a range of pack­ages start­ing from $398,000 up to $650,000 ... so we can at­tract a di­verse range of in­ter­est,” he said.

The de­vel­op­ment will be con­structed with fam­i­lies in mind, with lush green park­lands, path­ways and ar­chi­tec­turally-de­signed homes to be key fea­tures.

Its prox­im­ity to the CBD (38km), the Sun­shine Coast (70km) and West­field North Lakes, Costco and Ikea (9km), plus the air­port, ed­u­ca­tion fa­cil­i­ties, ma­jor transport cor­ri­dors, and More­ton Bay, are also ex­pected to be ma­jor draw­cards. The homes have been ar­chi­tec­turally-de­signed with pre­mium fin­ishes.

High ceil­ings and el­e­gant floor­ing flow through­out, con­nect­ing in­doors with out­doors and liv­ing space with land­scaped gar­dens, max­imis­ing sun­light and views.

Out­side, in­di­vid­ual land­scaped gar­dens will con­nect to cre­ate idyl­lic land­scapes.

De­vel­op­ment man­ager Chris Rivers said civil works had started at the site, with the in­di­vid­ual lots ex­pected to be marked out by the end of Jan­uary.

“We ex­pect ac­tual house build­ing to start early next year, with the first homes com­pleted around May or June, ev­ery­thing go­ing to plan.”

Mr Vi­tale said in­ter­est in the de­vel­op­ment had al­ready been very strong, with the first con­tract is­sued on Oc­to­ber 23.

“I would ex­pect about 20 more within the fort­night,” he said.

Amity Narangba will de­liver 467 house and land pack­ages over 10 stages. The de­vel­op­ment will be con­structed with fam­i­lies in mind, with lush green park­lands, path­ways and ar­chi­tec­tural­ly­de­signed homes to be key fea­tures.

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