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
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.”