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

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.

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