COR­RI­DOR IN DE­MAND

Sell­ing $110 mil­lion worth of blocks in the past year, the de­vel­oper of this mas­ter­planned com­mu­nity has now fast-tracked the next re­lease

Weekend Gold Coast Bulletin - Property - - FRONT PAGE -

THE GOLD Coast’s north­ern cor­ri­dor is prov­ing pop­u­lar with owner-oc­cu­piers who have ac­counted for more than 83 per cent of sales in one of the re­gion’s largest new com­mu­ni­ties.

First-home buy­ers, up­grad­ing fam­i­lies and empty-nesters are dom­i­nat­ing sales at the Gains­bor­ough Greens mas­ter­planned pro­ject which has sold more than 440 blocks, worth $110 mil­lion, in the past year.

Mir­vac Queens­land res­i­den­tial gen­eral man­ager War­wick Bi­ble said the high de­mand from owner-oc­cu­piers for the Pim­pama pro­ject was driv­ing the fast-paced sales.

The most re­cent land re­lease sold out in weeks, prompt­ing the fast-tracked re­cent launch of the next stage, which has blocks priced from $246,000.

“The strong de­mand is tes­ta­ment to the de­sir­abil­ity of the lo­ca­tion, which of­fers sig­nif­i­cant value, pic­turesque sur­rounds and con­ve­nient ac­cess to the mo­tor­way, mak­ing both the Gold Coast and Bris­bane city cen­tres an easy com­mute,” Mr Bi­ble said.

“The area is be­ing ser­viced by an ev­er­in­creas­ing ar­ray of in­fra­struc­ture and ameni­ties, in­clud­ing state-of-the-art schools, shops and park­land, which is ap­peal­ing to those want­ing to build a new home with a range of ser­vices at the doorstep.”

In the past 12 months, 235 homes have been com­pleted, more than half a mil­lion new plants were added and 36ha of wet­land and con­ser­va­tion area was re­ha­bil­i­tated.

First-home buy­ers, Shruti and Karan Ma­ha­jan (pic­tured), bought at Gains­bor­ough Greens af­ter rent­ing in South­port.

“A ma­jor draw­card for my hus­band and I was def­i­nitely the po­ten­tial for fu­ture growth ... it’s ideal for young fam­i­lies with kinder­gartens, schools and the golf course all nearby,” Mrs Ma­ha­jan said.

“We didn’t want to move too far from the city cen­tre as I work in Var­sity Lakes and Karan works in Surfers Par­adise, so the ac­ces­si­bil­ity to the mo­tor­way makes trav­el­ling to and from work a has­sle-free ex­pe­ri­ence.”

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