Northern NSW master-planned community continues expansion

Northern NSW master-planned community continues expansion



More land has been released to buyers as part of stage four of a development in Murwillumbah in northern NSW.

Stage four of the Riva Vue development, situated in Murwillumbah, comprises 14 blocks of land, ranging in size from 636 square metres to 678 square metres, according to developer Newland. 

The blocks of land, advertised as flat and well-positioned, are priced from $210,000 to $215,000.

Riva Vue is a 24.5 hectare master-planned estate consisting of land releases and house-and-land packages. 

Murwillumbah is located on the Tweed River, 13 kilometres from the Queensland border. It is approximately 50 kilometres’ drive to Byron Bay and 52 kilometres from the Gold Coast. 

The 2011 Census recorded it as having a population of 8,523 people.

CoreLogic RP Data figures from March give Murwillumbah houses a 12-month median growth rate of 8.60 per cent and a gross rental yield of 5.56 per cent. 

The median house price in the suburb currently stands at $360,000, according to CoreLogic RP Data. 

House and land packages in the Riva Vue estate begin from $419,000 for a three-bedroom plus study floor plan built by HomeSolution by Metricon. 

Riva Vue marketing agent Lance Cotterill of North Estate Agents painted an image of a positive buying climate in Murwillumbah. 

“With market conditions improving and Murwillumbah experiencing growth, Riva Vue estate offers great value for money,” Mr Cotterill said.

 

Northern NSW master-planned community continues expansion
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