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Could this be south­east Queens­land’s cheap­est new house and land pack­age?

Flag­stone de­vel­op­ers Peet Lim­ited and MTAA Su­per have worked with five builders to put to­gether an early Christ­mas present for first home buy­ers — house and land pack­ages from $298,000.

The pack­ages have been re­leased ahead of the First Home Own­ers Grant dead­line on De­cem­ber 31, when the grant was sched­uled to re­duce from $20,000 to $15,000. How­ever, the grant is now ex­pected to be ex­tended for an­other six months after La­bor was re-elected for a sec­ond term.

There are cur­rently three pack­ages on of­fer for less than $300,000

The pack­ages come as the de­vel­oper re­leases its first 250sq m lots at Flag­stone – the $6.7 bil­lion satel­lite city devel­op­ment tak­ing shape be­tween Bris­bane and the Gold Coast.

Peet CEO and man­ag­ing di­rec­tor Bren­dan Gore said the smaller lots were new to Flag­stone’s sec­ond neigh­bour­hood, which has just been re­leased.

“Each neigh­bour­hood in Flag­stone has a dis­tinc­tive blend of hous­ing prod­uct and the new Gate­way neigh­bour­hood has been care­fully planned to give first home­buy­ers an even big­ger choice,” he said.

“There will be a se­lect num­ber of com­pact lots in­te­grated with big­ger home­sites up to 720sq m and lo­cated close to parks and green space.

“This gives home­own­ers the ben­e­fits of smaller, more af­ford­able blocks of land with­out com­pro­mis­ing Flag­stone’s dis­tinc­tive out­door life­style and airy streetscapes.”

The three-bed­room, two-bath­room and sin­gle-garage de­signs come with floor cov­er­ings, light fit­tings and free front gar­den land­scap­ing on a 250sq m lot.

The new Gate­way re­lease is close to the fu­ture Flag­stone city cen­tre — a 126-hectare CBD with pro­vi­sion for a fu­ture hos­pi­tal, ter­tiary cam­pus and train sta­tion.

It is also walk­ing dis­tance to a mas­sive $12 mil­lion re­gional park now be­ing de­vel­oped around the city cen­tre.

Over the next four years, the 10-hectare Flag­stone Cen­tral park will be­come an ex­cit­ing recre­ation zone, with fa­cil­i­ties be­ing pro­gres­sively built as the com­mu­nity grows.

A wa­ter play dog park opened ear­lier this year and a de­signer skate plaza is be­ing com­pleted. The skate plaza will open to­day, co­in­cid­ing with the Flag­stone Christ­mas Won­der­land, a free fam­ily ex­trav­a­ganza with skat­ing elves, Santa DJ, giant games, food vans and mar­ket stalls start­ing from 4pm.

Flag­stone, one of the big­gest new satel­lite cities be­ing built in Aus­tralia, was made a sub­urb in its own right, with the area ex­pected to hold 12,000 homes within the Peet devel­op­ment alone once com­pleted. It is the cen­tral hub of the Greater Flag­stone re­gion, a Pri­or­ity Devel­op­ment Area, and is ex­pected to even­tu­ally be home to 120,000 peo­ple, com­pa­ra­ble to Toowoomba or Cairns.

The ‘Ne­vada 140’ by Burbank Homes is one of three house and land pack­ages avail­able for less than $300,000 at Flag­stone.

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