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Northwood is set to become the latest townhouse development to rise in Brisbane’s booming northside suburbs.
The development will be constructed in McDowall, and will consist of 34 three and four-bedroom townhomes in a bushland setting less than 12 kilometres from the CBD.
Position Property director Richard Lawrence, who is marketing the project on behalf of the developer, said Northwood was the latest in a string of townhome developments attracting both downsizers and young buyers to the northside.
“There is no shortage of confidence in the market place when it comes to this style of development with the right design and situated in a sought-after city fringe or middle ring location,” Mr Lawrence said. “Townhome living suits many different buyers ranging from downsizers, professional couples, small families and first home buyers so it is not surprising to see this level of strong demand.”
There are two projects under construction in McDowall and six development approvals for townhouse or unit projects, according to Cordell Connect, a CoreLogic business. Four development applications are still being considered.
In nearby Everton Park, Mosaic Property Group is building Silvergum, Tessa Developments is constructing Moreton Townhomes and Trend by Keystone Urban Developments is taking shape. Twenty-six developments have received approval, according to Cordell Connect.
Mr Lawrence said townhouse developments of 10 or 15 years ago were usually “cookie-cutter products”, with very similar designs.
“Today’s buyers ... know what they want and can recognise and appreciate good design and quality homes when they come along,” he said, noting affordability was a key factor.
Townhomes at Northwood will start from $565,000, and take full advantage of the surrounding green spaces while providing open plan, family-sized living with abundant natural light and ventilation.
Exteriors will feature cladding in cool colours, natural stone and timber batten screens. Residents will have access to exclusive outdoor dining, recreation and play spaces.
“Brisbane remains very affordable in comparison with Sydney where similar-sized homes would cost hundreds of thousands of dollars more,” Mr Lawrence said. “Together with the huge transformation of the inner city that is well under way, this should ensure continued demand and healthy prices for wellplanned developments.”
Northwood at McDowall will feature 34 three and four-bedroom townhomes in a peaceful bushland setting less than 12km from the CBD.