Sprint to finish for Pimpama estate
Gainsborough Greens is nearing completion, with the final sites offering the last chance to buy
MIRVAC’S Gainsborough Greens community in Pimpama is nearing completion after more than a decade of development and $25 million in sales, with a further
$11 million under contract.
Only a handful of home sites remain, with Mirvac taking registrations of interest for a collection of four custom-designed, Hamptons inspired terrace properties, which represent one of the final opportunities to secure a new home in the community.
Topping off the stellar sales, the community last year took home the top award at the Urban Development Institute of Australia Queensland Awards for Excellence – Project of the Year – and was also honoured with the Environmental Excellence accolade.
A total of 96 homesites were snapped up in Gainsborough Greens’ final stage called – The Grand Reserve – in 2021, including prime golf- front land, with all lots under deposit within minutes of release.
Ranging from 375sq m to 876sq m, the lots sold for between $280,000 and $515,000.
Warwick Bible, Mirvac Queensland general manager residential, said the high demand for the final lots and the award recognition were a result of the strong community focus that had shaped Gainsborough Greens.
“The majority of buyers in The Grand Reserve have been local owner-occupiers, who already live within a 5-10km radius and know the community well,” he said.
“In fact, across our two releases this year more than 41 per cent of buyers were previous Mirvac purchasers or residents of Gainsborough Greens, who chose to upgrade or further invest in the neighbourhood.
Mr Bible said Gainsborough Greens had long been a trailblazing community, acting as a catalyst for significant development, which is transforming Pimpama into one of the Coast’s fastest-growing regions.
Surrounding the Gainsborough Greens Golf Club, the project was launched in 2010 and is today home to more than 4,300 residents.
“Gainsborough Greens was the first major new residential community to launch in this pocket and has set the benchmark for those that have followed,” Mr Bible said.
More than 65 per cent of the community is dedicated to green open space, including a 173ha conservation area, which comprises 73ha of rehabilitated old growth forest and an additional 100ha of new habitat and wetlands for local wildlife.
The conservation areas are complemented by a further 32ha of parkland and more than 13km of walking and cycling trails.
“From the outset, our vision was to create a community at Gainsborough Greens – not just a housing estate,” Mr Bible said.