Newer home can of­fer bet­ter value

The Courier-Mail - Home - - REAL ESTATE | DEVELOPMENTS -

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.

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