Gam­ble paid off

Time to party in Fair­field Wa­ters

Townsville Bulletin - - Investor -

A GAM­BLE on de­vel­op­ing land just out­side the CBD i n Townsvi l l e turned out to be a pretty fair bet.

It has been 10 years since the sign­ing of the con­tract in 1996 for a 234ha site, now known as Fair­field Wa­ters.

Fair­field Wa­ters di­rec­tor Grant McOmish said when the de­vel­op­ment hit the mar­ket it was ear­marked as one of Aus­tralia’s most costly, but it proved to be a right move for the city.

Mr McOmish said af­ter the site opened in 1999, a large por­tion of home sites con­tin­ued to sell out be­fore their re­lease.

He s a i d F a i r f i e l d Wa­ters was the largest de­vel­op­ment ever ap­proved by the Townsville City Coun­cil.

‘‘In­ter­est was very strong from the start,’’ he said.

‘‘The qual­ity

of our pre­sen­ta­tion and fa­cil­i­ties, com­bined with our prox­im­ity to the city cen­tre makes for a win­ning com­bi­na­tion.

‘‘The sheer size of the de­vel­op­ment has given us a unique op­por­tu­nity to raise the bar for de­vel­op­ment s t a n d a r d s i n Townsville.’’

To­day thou­sands of fam­i­lies call the precinct home.

More than 1400 of a to­tal of 2200 res­i­den­tial al­lot­ments have been sold, but most of the area’s com­mer­cial de­vel­op­ment is not com­pleted.

Mr McOmish said Red Rooster, a med­i­cal cen­tre and a third child­care cen­tre was planned for the es­tate, as well as more restau­rants.

The ma­jor shop­ping cen­tre on the Bruce High­way is cur­rently un­der civil con­struc­tion, with stage one due to open by De­cem­ber 2008.

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OUR SUB­URB . . . An­thony and Sa­man­tha Swins­burg, with Jack, 4, and Christina, 2, love Fair­field Wa­ters

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