Developer says demand for land a growing trend
March 10, 2016
The Queensland housing and construction sector is celebrating strong growth in 2015, with figures from the Australian Bureau of Statistics showing construction of new houses across the state increased by more than 20 per cent in the year to December quarter 2015.
Reed Property Group CEO Jay Emmerton said the trend had undoubtedly been reflected on the Sunshine Coast throughout 2015, with demand for house and land packages from first home-owners, as well as new residents and investors remaining high over the past 12 months.
“First home buyers in particular appear to have been on the hunt for affordable new housing on the Sunshine Coast in recent months, with many turning to housing estates with smaller allotment sizes to purchase a new home within their price that’s close to major infrastructure and amenities,” Mr Emmerton said.
“To-date, more than 1,100 Great Start Grants* — equating to over $17 million — have been awarded to first home buyers on the Sunshine Coast alone, and we’re certainly seeing plenty of these buyers looking to enter the market at present.”
Flame Tree Pocket Sales Executive Cathie Price said new house and land packages on the Sunshine Coast were currently being snapped up at faster-than-average rates, with the Flame Tree Pocket development at Sippy Downs having almost completely sold out within just 16 months of launch.
“The Flame Tree Pocket development was originally slated as a two-year project; however, the strong enquiry levels received led our team to fast-track each stage of the development in order to keep up with demand,” Ms Price said.
“We now have just six of 160 allotments remaining, which is testament to both buyer confidence levels and the quality of the stock on offer.”
Ms Price said construction of stages one to three of Flame Tree Pocket had already been completed, with stage four in the process of settling and stage five allotments expected to settle by early April.
“While the Reed Property Group team knew the Flame Tree Pocket community would be popular based on its central location and family-friendly feel, we never anticipated such a high level of demand,” Ms Price said.
“Families and couples have really taken to the development as a result of its easy access to childcare facilities, schools and parks.”
Flame Tree Pocket borders a vegetation corridor that offers a picturesque bush backdrop, and is located close to some of the region’s top public and private schools, a health super clinic, a sports hub, shops, childcare services and transport links. Vacant land is now priced from $225,000 with builders house and land packages from $400,000-$600,000.
To find out more about the development, please visit www.flametreepocket.com.au or call Flame Tree Pocket Sales Executive Cathie Price on (07) 5451 8555 or 0413 068 602.
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Media contact
Maya Gurry, Fresh PR & Marketing l 0410 109 102 l maya@freshprm.com.au
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