HOT ZONE QUITE A CATCH
The location of one small residential development within a sought-after school catchment zone is proving popular with buyers.
Described as “the last bit of Carindale” left to develop, two of the six lots within the first stage of Parc Carindale sold within weeks of its release. LJ Hooker Sunnybank Hills investment specialist Alex Stevenson said the development was a “dream listing”.
“It is an easy one to sell,” he said. “The first and last question everyone asks is whether it is in the catchment.”
The catchment refers to Mansfield State High School, one of Brisbane’s most hotly contested schools for enrolments.
Late last year, it was revealed parents were paying top dollar for homes within preferred school catchments to ensure their children were eligible.
Mr Stevenson said the two blocks already sold had been bought by local families.
Construction of the first homes in stage one is expected to start in March, with buyers free to choose any builder they wish.
Mr Stevenson said just 14 homes would be built across the three stages of the development, which is located on acreage land held by one family for about 20 years.
Land starts from $540,000, with the most expensive lot having city views and costing $620,000.
“Carindale is very popular with buyers,” Mr Stevenson said. “Even just driving down the street (to Parc Carindale) is impressive, with big and beautiful homes.
“It is also close to all amenities. This is basically the last bit of Carindale left.”
Parc Carindale is being developed by the BriStar Group, and is just minutes from Westfield Carindale.
The average block size is 570 sq m.
An impression of the type of house that could be built in the 14-lot development, which is in the Mansfield State High School catchment zone. Buyers are free to use the builder of their choice to build their dream home.