De­mand strong at Arun­del

Villa World is fast-track­ing the con­struc­tion of its Gold Coast com­mu­nity to meet de­mand

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS MICHELLE HELE

DEVEL­OP­MENT of Villa World’s $300 mil­lion Arun­del Springs project has been fast tracked to meet strong de­mand.

While the de­vel­oper ini­tially planned to start stage four of the cen­tral Gold Coast mas­ter­planned com­mu­nity now, it was al­ready com­pleted and sold out. It has now re­leased lots in stage five. And if the pace con­tin­ues Arun­del Springs devel­op­ment man­ager Kevin Morse ex­pects that the fi­nal sixth stage will be com­pleted by Jan­uary or Fe­bru­ary next year in­stead of the end of 2019 as first an­tic­i­pated.

Mr Morse said they were taken a bit by sur­prised about the need to bring later stages on quicker.

He be­lieved the de­mand was a re­sult of a com­bi­na­tion of things in­clud­ing a lack of stock and all the fa­cil­i­ties on of­fer in­clud­ing the work Villa World had done on cre­at­ing us­able open space ar­eas.

He said they ap­peared to have some­thing dif­fer­ent to what other devel­op­ers were of­fer­ing and that was a real “mixed bag’’of blocks.

“We’ve got small blocks through to larger blocks.

There is a fair bit of va­ri­ety there, I think, which peo­ple like and a (va­ri­ety) of price points and that is en­cour­ag­ing some of the sales as well.’’

Mr Morse said most buy­ers ap­peared to be able to find some­thing within their bud­get.

Stage five of the project is now at about the 40 per cent mark of con­struc­tion and the con­tract has al­ready been awarded for work to start on stage six.

“I am hope­ful that stage five is com­plete and sold and set­tled by end of this year and stage six will have started prob­a­bly around Septem­ber and be fin­ished prob­a­bly in Jan­uary, Fe­bru­ary.’’

Mr Morse said now that po­ten­tial buy­ers could see com­pleted houses in the area and peo­ple mov­ing in they could see the qual­ity of the project.

He said there was a grow­ing waitlist on the new stages be­cause of the larger, more con­ven­tional size of the lots.

The project in­cluded the re­gen­er­a­tion of the Coom­babah Lake­lands con­ser­va­tion area and there are walk­ways, bike tracks and view­ing decks.

The new pres­tige park-side land starts at $325,000 and buy­ers can choose their lots, se­lect their builder and their home de­sign.

Land lots range from 314 sqm to 639 sqm and in­clude NBN and nat­u­ral gas ac­cess.

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