Newer home can offer better value
A NUMBER of Casuarina Beach residents are looking to sell their properties and move into Villawood’s new beachside community Miramar, to pocket the price difference between established and new homes in the area.
Miramar project marketing agent Peter Brussels said buyers selling an established property at Casuarina Beach for a new home at Miramar could potentially save tens of thousands of dollars.
Mr Brussels said while established beachside homes in Casuarina still had amedian price of about $650,000, brand new home-and-land packages were available at Miramar from $545,000, with land selling from $299,900.
He said even those who were looking for a larger family home at Miramar could make savings by switching from established product to new stock, meaning buyers did not have to downsize or downgrade their lifestyle to realise financial benefits.
“Casuarina Beach presents a relatively unique situation where the price margin between established and new stock is quite pronounced – and at this stage it’s mostly in favour of those who are looking to purchase new product,” Mr Brussels said.
“The upside to buying brand new is compounded by current government grants worth in excess of $30,000, along with the opportunity to tailor your home to suit your needs, and the decreased liability for maintenance and upkeep in the short to medium term.”
Long term Casuarina Beach resident Leanne Grey is one of the latest residents to sell her home in preparation for the move to the Miramar community.
Mrs Grey moved to Casuarina Beach 10 years ago with husband Geoff and now two children Indi and Jesse (pictured with dog Candi) and has seen the opportunity to stay in the neighbourhood while significantly reducing her mortgage.
“My family loves living at Casuarina Beach and we really didn’twant to leave, however, we needed additional space to operate our local business, Mad Sports,” she said.
Villawood development manager Michael Williams said 98 lots had already been snapped up across stages one and two of the community, with a limited number of homesites remaining in stage three.
“We’ve also had numerous buyers from across the border, with GoldCoast purchasers keen to take advantage ofNew SouthWales government grants, which are over and above what is offered in Queensland,” Mr Williams said.
“Retirees from Brisbane are also seeing Miramar as a great seachange option, while miners from across Australia are recognising the community’s great investment potential.”
Leanne Grey, husband Geoff and their two children, Indi and Jesse – pictured with dog Candi – can’t wait to move into Miramar.