Val­ues rise in Toowoomba

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CON­SOL­I­DATED Prop­er­ties’ Sanc­tu­ary Rise Toowoomba land sub­di­vi­sion has hit the mar­ket with a bang, post­ing more than $6.5 mil­lion in sales in the past three months.

Buy­ers have snapped up 54 lots in the Wil­son­ton com­mu­nity, with only 14 re­main­ing, from$149,950.

Con­sol­i­dated Prop­er­ties ex­ec­u­tive chair­man Don O’Rorke said the project’s un­prece­dented suc­cess had seen al­most 80 per cent of stage one go to con­tract. Hewas con­fi­dent the re­main­ing home­sites would be taken up by those look­ing to get in on the ground floor of the com­mu­nity.

“The level of buyer de­mand for prop­erty here at Sanc­tu­ary Rise vin­di­cates our de­ci­sion to de­velop in Toowoomba – the mar­ket is be­com­ing in­creas­ingly thirsty for new prod­uct as the min­ing and re­sources boom in the nearby Su­rat Basin con­tin­ues to un­der­pin the mar­ket,” he said.

“Since the de­but of the first re­lease, we have seen steady price in­creases for land at Sanc­tu­ary Rise, which con­firms the strength of the mar­ket and the con­fi­dence in the project.

“As con­struc­tion pro­gresses val­ues will con­tinue to in­crease, so those whowant to take ad­van­tage of our cur­rent prices and have a wider va­ri­ety of choice in terms of lot size and lo­ca­tion need to act now.”

PRD­na­tion­wide sales agent Kim Tay­lor, mar­ket­ing agent for Sanc­tu­ary Rise, said the project of­fered good value for pur­chasers.

“Sanc­tu­ary Rise de­liv­ers what buy­ers have been wait­ing for – a brand new, mas­ter­planned com­mu­nity that of­fers size­able lots within prox­im­ity to ameni­ties like schools, shops and trans­port,” he said.

“It’s the first res­i­den­tial land com­mu­nity in Toowoomba to be mar­keted off-the-plan – so that means buy­ers have had a head start, with the op­por­tu­nity to se­cure rawl and at base value, rather than at the stage where con­struc­tion is fin­ished and mark-ups have al­ready oc­curred.

“Sanc­tu­ary Rise is prov­ing par­tic­u­larly pop­u­lar with young cou­ples and fam­i­lies to date, who have been lured by af­ford­abil­ity and life­style, bor­der­ing more than 50ha of open space and park­lands to give the whole com­mu­nity a nat­u­ral look and feel.”

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