SCARCITY DRAWS BUY­ERS

The Courier-Mail - Home - - TERRACE HOMES - SA­MAN­THA HEALY

A lack of new homes in New­mar­ket has proven to be one de­vel­oper’s dream, with two thirds of its lat­est project snapped up be­fore con­struc­tion had even started.

Bris­bane-based Your Style Homes, which made the move to Queens­land from Vic­to­ria, is con­struct­ing The Gar­den Ter­races, a 26 ter­race home project. It comes af­ter the com­ple­tion of its nearby Eve on Er­ne­ton de­vel­op­ment, which con­sists of 12 apart­ments.

Your Style Homes man­ag­ing di­rec­tor Dean Parker said they op­er­ated in the sought-af­ter “mid­dle ring” and had an­other up­com­ing project in New­mar­ket, an­other in Sal­is­bury and one in Stafford.

“When we fin­ished Eve last year, it was the only new and com­pleted apart­ment project in the sub­urb for sev­eral years. Again this one ( The Gar­den Ter­races) is the only new project cur­rently un­der con­struc­tion in New­mar­ket.”

The Gar­den Ter­races is be­ing con­structed on its name­sake street, and will con­sist of 26 one, two and three bed­room apart­ments. Just nine apart­ments re­main on the mar­ket, with a two-bed­room unit start­ing from $470,000.

A key fea­ture of the project is its ma­sonry fa­cade, which has been de­signed to cre­ate pri­vacy but al­low for the nat­u­ral flow of sun­light and cool breezes.

Each apart­ment has an open plan kitchen and liv­ing spa­ces, spa­cious, shaded bal­conies, large bathrooms and en­suites, wool blend car­pets, tim­ber de­tail­ing and qual­ity ap­pli­ances.

Prior to con­struc­tion, lo­cal in­vestors were the dom­i­nant off-the-plan buy­ers but with trucks now on the ground, Mr Parker said first home­buy­ers and down­siz­ers were mak­ing the ma­jor­ity of in­quiries.

Just 5km from the CBD, the Gar­den Ter­races is within easy reach of ameni­ties via ma­jor ar­te­rial roads and pub­lic trans­port.

Mr Parker said the New­mar­ket train sta­tion had been given a facelift and New­mar­ket Vil­lage re­de­vel­oped to now in­clude ma­jor re­tail­ers, spe­cialty stores, din­ing and cin­e­mas.

Gar­den Ter­race in New­mar­ket con­sists of 26 ter­race-style apart­ments fea­tur­ing a ma­sonry fa­cade de­signed for pri­vacy but al­low­ing nat­u­ral breezes and sun­light.

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