Demand for homesites at Mirvac's Gainsborough Greens community in Pimpama has continued to grow, with $22.5 million in settlements finalised for 89 homesites in the past six months.
The sales rush has seen the first stages of the popular Eco Gully precinct, which backs on to a nature reserve, snapped up within a matter of weeks, prompting Mirvac to bring forward a new release of land.
The latest Eco Gully release comprises 58 homesites, sized from 363 square meters to 702 square meters, priced from just $215,000.
Mirvac also recently released a new golf front land precinct in Forest Green, off the back of an increase in demand for homesites close to the fairways. The Forest Green precinct features an exclusive on site residents' recreation centre.
Buyers can now register their interest in the new releases and secure a homesite with a low $5,000 deposit until settlement later this year.
Mirvac’s Development Director of Masterplanned Communities, Queensland, Russell Berlee said with buyer enquiry continuing to rise and limited land availability, prospective purchasers should take advantage of the low deposit offer to secure their preferred homesite.
"The sales momentum has continued from the end of last year and we have seen an increase in traffic recently," he said.
"We are bringing forward the release of new land to ensure we continue to have a pipeline of new land available and have monitored our recent buyer demographics to make sure we are delivering product in-line with buyer demand.
"The majority of our recent sales have been to owner occupiers looking to secure an affordable new home, with roughly 80 per cent of those purchasers being second home buyers and the balance predominately first home buyers.
"We recognise the majority of second home buyers need to sell an existing home before purchasing, so we have introduced the $5,000 low deposit offer to allow them time to secure the homesite of their choice while still having access to funds during the process of selling.
"It will also be a positive for first time buyers, as it gives them a bit longer to save before settlement. an added benefit in addition to the government's $15,000 Great Start Grant.
"Those who are ready to buy now should look to secure one of the new homesites in Eco Gully, which has proved extremely popular with young families wanting a larger homesite and the privacy afforded by a nature reserve at their doorstep, along with numerous nearby parks and playgrounds."
Mr Berlee said Gainsborough Greens' popularity could be attributed to its location in Pimpama and the increase in infrastructure in the area.
"Pimpama is appealing to people who want to live on the Gold Coast with easy access to the beaches, theme parks and shopping centres, but want plenty of space for a family home and backyard, which is difficult to find at this level of affordability in the central coastal strip," he said.
"There are plenty of great schools in the region, with the new Pimpama State Primary College recently opening their doors to complement Pimpama State Secondary College, so parents can educate their children locally from year one through to 12.
"Pimpama also offers easy access to Brisbane and there's the new Shopping Centre, directly across the road from Gainsborough Greens, so it's a convenient and close-knit community which offers a great relaxed lifestyle."
When complete, Gainsborough Greens will comprise about 2,200 homes across a series of interconnected villages and parklands.
Information supplied by Promedia