For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Pimpama

<html><body><div class="page" title="Page 28">
<div class="layoutArea">
<div class="column">
SPONSORED POST
We all seek that special lifestyle; a place that feels right at home, easy and comfortable.
Add a mix of family-orientated community and a diverse range of contemporary designer homes and you’ve found the perfect place that’s yours to enjoy – <a href="https://www.choicehomes.com.au/estate/pimpama-village" target="_blank">Pimpama Village</a>.
Positioned for growth in the heart of one of Australia’s fastest-growing corridors and supported by a number of current upcoming infrastructure upgrades, services and opportunities, Pimpama Village balances lifestyle with investment smarts.
The estate is a 53ha masterplanned development built on the old Coulters Farm and surrounded by parklands, just south of Hotham Creek.
Designed with an amiable neighbourhood in mind, Pimpama Village allows residents to flourish within a friendly lifestyle-focused community.
</div>
<div class="column">
Located on the eastern side of the highway, Pimpama Estate provides easy access to Ormeau train station and the M1 Motorway, putting the Gold Coast and Brisbane on your doorstep.
Pimpama City Shopping Centre, located just minutes from Pimpama Village, opened its doors in late 2018.
The development boasts a Coles, Aldi, Best and Less, Zarraffa’s drive thru, Subway, 24-hour service station and 26 specialty stores.
Pimpama Village is also close to the stunning Gainsborough Greens Golf Course, surrounded by 230ha of natural bushland beauty, and the P-12 private school Kings Christian College, which opened a new campus in 2015. 
To download Choice Homes Urban Appeal 2019 magazine, <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">click here</a>.
 
</div>
</div>
</div></body></html>

j.ballantyne1990-6AQqhLzZaK

Pimpama Village masterplanned development in Pimpama growth corridor

<html><body>
GemLife has purchased the balance of ‘The Heights Estate’ in Pimpama, Gold Coast, for $29,700,000 and plans to deliver an over 50’s lifestyle resort on the substantial site.   The subdivision site, that offered around 46.41ha in land size, came with preliminary approval for 267 detached residential lots.   The asset was marketed and sold by Ray White Special Projects Queensland Executive Directors Matthew Fritzsche, Mark Creevey and Tony Williams.   Mr Fritzsche said the expressions of interest campaign demanded very strong enquiry and serious interest from groups.   “There's limited developable land on the Gold Coast of this scale and quality, and it showed in the strong number of enquiries we had throughout the campaign,” he said.   “It formed part of the master-planned ‘The Heights estate’ – which is a very well curated and presented estate by Sunland – on the northern Gold Coast.
“The Heights is 20 minutes* from the central Gold Coast and [approximately] 40 minutes from the Brisbane CBD. It’s in an elevated position within the estate, offering Gold Coast skyline views.   “The target list comprised local, interstate and international groups, and interest was predominantly from the residential and retirement/manufactured home estate sector.”   Mr Creevey said the sale highlighted that even in testing times, development sites with an element of approval would always be appealing.   “This really is an exciting project and we’re looking forward to seeing GemLife deliver yet another quality project,” he said.   “This is one of South East Queensland’s most recognised land estates - in a market with rapidly diminishing forward land supply.   “It's a high-quality estate with a significant entry statement, boulevard roads and footpaths, landscaping throughout and features central parkland.”
</body></html>

GemLife pays $29.7 million to build Pimpama over 50's lifestyle resort

<html><body>
A brand new Pimpama Service Centre, located in Queensland’s second fastest growing suburb, has hit the market.
The property, 45km south of the Brisbane CBD and 30km north of the Gold Coast, is anchored by high profile international and national food brands and established retailers including United Petroleum, Pizza Hut, Carls Jr, Red Rooster and Zambrero.
The service centre is situated on an 8,750 sqm site, opened in July this year. It offers an annual income of around $980,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/26/BRIS_RET_Pimpama2.jpg" alt="">
The centre benefits from a strategic position in Pimpama - Queensland’s fastest – and Australia’s second fastest - growing suburb with 25% population growth per annum.
 
Choice Homes are <a href="/expert-insights/building/pimpama-village-on-the-gold-coast-soon-to-sell-out-stage-three">currently building Pimpama Village</a>, which are selling out fast in the local area.
CBRE’s Darren Collins, Joseph Du Rieu and Kevin Tong have been appointed to manage the sale of the service centre on behalf of ADCO Constructions. 
Collins said the sale represented an outstanding opportunity to acquire a thriving asset with long lease and strong income potential. 
“Pimpama has had an extremely strong growth story over the past five years, which is attributed to its ideal location that offers affordable coastal living very close to the M1- the main road linking Brisbane and the Gold Coast," he said.
"This premier location will underpin the success of the centre and its retailers,” Mr Collins said. 
“Earlier this year, Carls Jr opened its 20th Australian store at Pimpama, marking one of the retailer’s most successful store openings to date and highlighting the tremendous appeal and strength of this outstanding location.”
The Pimpama Service Centre is being offered for sale with a 12-year WALE – with its newest retailers, Pizza Hut and a Chinese eatery, opening this week. 
 
</body></html>

Service Centre in Qld’s booming Pimpama hits the market

<html><body>
Pimpama Village, the master-planned land development located on the old Coulters Farm on the Gold Coast, is approaching its third stage sell out.
The 53-hectare estate house and land packages start at $508,778, and comes with a number of customisable house designs.
Stages one and two have both sold our already and stage three has nearly sold out, just <a href="https://www.choicehomes.com.au/estate/pimpama-village" target="_blank">7 lots remain of the 74 which were on offer.</a>
The only properties remaining are four bedroom homes, which can span either one or two levels (above).
<img src="https://www.urban.com.au/images/2018/9/14/Pimpama%202.JPG" alt="">
The development is just south of Hotham Creek and sits near the soon to be opened Pimpama City Shopping Centre.
Pimpama City (pictured below), which has 18,000 sqm of retail space, is set to open on September 21, with a line up of retailers including Coles, Coles Express, ALDI plus Best &amp; Less. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/19/PImpaming.jpg" alt="">
The estate is situated a short distance from Ormeau train station, the M1 Motorway, providing it easy access to the Gold Coast and Brisbane.
 Pimpama Village includes a central town centre with proposed Coles, Aldi, KFC, Hungry Jacks, a medical centre, childcare, and specialty shops.
For more information on Pimpapa Village, <a href="https://www.choicehomes.com.au/estate/pimpama-village" target="_blank">click here.</a>
</body></html>

Pimpama Village on the Gold Coast soon to sell out stage three

<html><body>
Generation-Y first home buyers are helping drive a population surge in the northern Gold Coast’s Pimpama, which was also Australia’s fastest-growing regional suburb.
Pimpama recorded the fastest growth rate of any area outside of an Australian capital city between 2014 and 2015, with the number of residents growing by 20% in that period, according to the Australian Bureau of Statistics.
Compared with Pimpama, Greater Brisbane witnessed an increase of 1.6% while it was 1.2% for the whole of Queensland.
According to QM Properties general sales manager Damien Ross, first home buyers accounted for almost a quarter of buyers at its Pimpama-based Pacific Cove development, which will add 507 new homes to the suburb on completion.
“104 sites of between 400 and 800 square metres have sold at Pacific Cove since launching to the market nine months ago, with 28% of our first home buyers aged under 30 and another 56% aged between 30 and 40,” Ross said.
“The owner-occupier focus has been a major drawcard, particularly for those buyers wanting to make their first home their forever home, with room to grow and start a family in an estate with a real sense of community.”
Prices for a 402 sqm land lot start at $239,500, while a four-bedroom home and land package costs $399,000. The relative affordability has also made the prospect of leaving the rental market for the first time a real possibility for first home buyers, added Ross.
“Buyers are also excited about the new infrastructure planned for the area, including new schools and the nearby Coomera Town Centre shopping hub.”
QM Properties’ current investment in the Gold Coast region includes more than 2,500 home sites across five estates – Pacific Cove, Coomera Retreat, Coomera Waters, Coomera Quays and the soon-to-launch Tuxedo Junction at Maudsland.
Across the portfolio, 61.7% of buyers have come from the Gold Coast, with 7.5% from Logan City and 5.3% from Ipswich.
“Located 40 minutes to the Brisbane CBD and 20 minutes to Surfers Paradise, both Pimpama and Coomera have proven popular suburbs with those seeking the flexibility to commute to either local or city-based work,” Ross said.
</body></html>

First home buyers drive Australia’s fastest-growing regional suburb

<html><body>
Mirvac's residential development Gainsborough Greens in Queensland's Pimpama has finalised its 1000th sale, with the region being named Australia's fastest growing housing market by the Housing Industry Association.
The development has cleared $275 million in sales since it was officially launched to the market in 2011.
More than 150 homesites have been taken in 2017, totaling $41 million.
Mirvac Queensland Residential General Manager, Warwick Bible, said the high demand for property in Gainsborough Greens, one of the largest masterplanned communities underway on the Gold Coast, was driven by a number of factors.
"Buyers can build a brand new home in Gainsborough Greens for less than  it would cost to purchase an older-style home, which may require renovation, in the central Gold Coast, just a few minutes drive south," he said.
"Considering recent figures from CoreLogic revealed the median house price on the Gold Coast had hit a record high of $600,000 in the 12 months to December, the starting price for house and land at Gainsborough Greens, which is currently $482,910, offers great value.
"There are also significant benefits that come with building a new home, such as the ability to choose the design and layout that best suits your lifestyle, including the latest fittings and finishes.
"The design of Gainsborough Greens and the location in Pimpama added to the appeal, with the community attracting a range of buyers, from first home buyers through to upgraders and empty nesters.
"A lot of purchasers comment on the green leafy surroundings and the community atmosphere at Gainsborough Greens, both of which we have significantly invested in.
"Around 65 percent of the community is dedicated to green open space, including parks and natural bushland reserve, and we have a regular calendar of events for all our residents, and the broader community, to enjoy.
"The location, with quick access to the motorway, also makes commuting to both the Gold Coast and Brisbane CBDs easy, and the ever-expanding array of infrastructure in the area, including some of the city's newest schools and shopping villages, adds to the lifestyle for residents."
Shane Stefanac and Melissa Gilmour will move into their new four-bedroom home at Gainsborough Greens later this year, after purchasing a homesite in the Pimpama community.
Mr Stefanac said the couple initially had their sights set on buying an existing home, until he discovered Gainsborough Greens by 'accident'.
"I came across Gainsborough Greens while going for a ride on my motorbike and thought it looked like a really nice community," he said.
"I had such a good feeling about the area that I went home and spoke to Mel about it and a week later we had purchased a block of land to build our dream home.
"We had been looking at existing homes for a while, but had been unable to find one that featured everything we were looking for in our price range.
"At Gainsborough Greens, Mel was able to design our new home from the ground up, just the way we wanted it. It is really nice to know we can build our home without the hassle of having to renovate."
"We decided to sell our apartment in Biggera Waters to build our new home.
"Both Mel and I love that there is so much natural bushland. It reminds me of growing up in Mudgeeraba and that rural feeling.
"It is definitely the perfect location to raise a family, halfway between the centre of the Gold Coast and Brisbane.
"Mel and I both work in Labrador, so it is really easy to get to work on the motorway and we also spend a lot of time in Brisbane with friends.
"Gainsborough Greens is really the perfect location for our lifestyle."
The Housing Industry Association named Pimpama as Australia's fastest growing housing market in its 'Population and Residential Building Hotspots 2017' report, based on population growth and residential building activity.
Homesites at Gainsborough Greens are priced from $246,000.  For more information, <a href="https://gainsboroughgreens.mirvac.com" target="_blank">click here</a>.
</body></html>

jonathanchancellor-7SQnKwU6yx

Gainsborough Greens tees up 1000th settlement

<html><body>
Pimpama in Queensland has been pinpointed as Australia's number one housing hotspot, based on its performance during 2015/16.
It is a suburb in the northern part of the City of Gold Coast, located on the Pacific Motorway 30 kilometres north of Surfers Paradise.
In second place was Sydney's Cobbitty-Leppington area, followed by Palmerston-South in the Northern Territory, according to HIA's latest Population &amp; Residential Building Hotspots 2017 report released on Sunday.
<a href="https://www.propertyobserver.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.47.43%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/28/Screen%20Shot%202017-05-29%20at%208.47.43%20AM.png" alt="">
Population in these areas grew by more than the 1.4 percent national average during 2015/16 and had at least $150 million worth of residential building approved, HIA said. 
Palmerston-South in the NT in third place in the national Top 20. Nine of the top 20 hotspots are located in New South Wales. 
“With 2016 representing a record year for new home building activity across Australia, the housing industry has been supporting economic activity in localities up and down the country. The good news on housing is not confined to the major capital cities – today’s report shows that regional Australia is also peppered with housing Hotspots,” commented HIA Senior Economist Shane Garrett. 
“In terms of its economic contribution, the housing industry is truly unique. Today’s report identifies 86 separate areas in every state and territory across Australia where residential building activity is acting as the engine of economic activity, employment and development. Small businesses are particular beneficiaries of housing activity,” concluded Shane Garrett. 
Nationally, an area qualifies as a Hotspot if its population grew by more than the 1.4 percent national average during 2015/16 and at least $150 million worth of residential building was approved during the year.
Pimpama's latest residential development is Halcyon Greens, a $300 million masterplanned community for over 50s.
 
</body></html>

Pimpama

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Pimpama

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News