DEMAND HIGH FOR TWEED COAST LAND

Written on the 29 November 2012

DEMAND HIGH FOR TWEED COAST LAND

SEASIDE recorded $27.5 million sales for 108 lots in 2012, more than 60 per cent of the total stock.

There are 20 beachside lots remaining at the $750 million Tweed Coast development, after all 47 creek side home sites, plus 31 lots in its beachside area sold.

The developer expects the remaining beachside lots, ranging in size from 491sqm to 620sqm, to sell over Christmas.

Seaside is being marketed by Ray Real Estate and Colliers International.

Ray Real Estate sales agent Bruce Williams says New South Wales Government incentives for first home buyers of more than $15,000 have boosted sales and with lots starting from $260,000, Seaside is considered an affordable coastal location.

"To sell more than half of the residential land developer stock in a 32 hectare, master planned community in just 12 months is a phenomenal result in any market, but it's an even more remarkable achievement considering the Tweed is still rebuilding from its market lows and a long way from any market peak which was seen a few years ago," says Williams.

"We had a 100 per cent settlement rate on the first stage of creek side lots earlier this year, and we are now gearing up to settle the second stage in December this year, with similarly strong results expected.”

The first homes in stage one were completed late this year and Williams says interest from buyers has increased as a result.


Latest News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CRITICS CALL FOR MORE INDEPENDENT DIRECTORS ON BLUE SKY BOARD

BLUE Sky Alternative Investments (ASX: BLA) has defended its governance and valuation processes in response to severa...

BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

VEGEMITE is back under Australian ownership after Bega Cheese (ASX: BGA) agreed to buy Mondelez International's A...

GUVERA ESCAPES WIND-UP ORDER

GUVERA has avoided being wound up after a claim for a $1.78 million debt by Kwong Properties was dismissed at the ...

Related News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter