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
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.