Moffatt Property Development Group has seen early success in its decision to target the fast growing corridor north of Brisbane around North Lakes.
Its Parkside Alma Heights town house development in Dakabin has almost sold out with construction now underway and with completion expected in June 2016.
Parkside features 21 three-bedroom town houses with prices ranging from $355,000 to $375,000.
Moffatt Property Development Group’s Don Moffatt said, “This boutique development has resonated with investors and first home buyers due to its location and quality finishes.
“This location is greatly sought after due to its proximity to transport, shopping and schools.
“There are three supermarkets - Coles, Woolworths and Aldi with specialty retail shops being built adjacent to this precinct.
“With two major transport corridors providing easy access to both the Sunshine and Gold Coasts, as well as Brisbane, Parkside Alma Heights’ accessibility is proving one of the main drawcards.
“We’re very pleased with this result having just commenced marketing in November and have confidence in bringing our next development forward.”
Experienced Sunshine Coast-based builder Vantage Building Group is constructing the town houses.
“Vantage’s track record ensures the quality of construction and finishes that we are bringing to Parkside,” Mr Moffatt said.
“Suitable development sites are difficult to come across, so we’re fortunate to have a pipeline of quality product in this area.”
Parkside is only 35 minutes to Brisbane CBD, close to Dakabin train station and near the expanding Westfield North Lakes.
Data released by CoreLogic RPData showed North Lakes as the standout performer for total house sales in the greater Brisbane region for the 12 months to September 2015 with $236 million in sales.
Westfield are spending $140 million on an extension to link the North Lakes mall with the new Ikea store currently under construction. The Westfield extension is expected to be completed by the end of 2016.
Due to the success of Parkside Alma Heights Moffatt Development Group will soon be launching another development in the area.