Stage one of a premium NSW land estate has sold out, with stage two lots now available.
Stage two of Altitude Aspire by Newland Developers in Terranora will comprise 28 allotments ranging from 514 square metres to 730 square metres. Priced from $320,000 to $380,000 these have now been released to the market.
Earthworks and civils on stage one recently started, with construction slated for early 2017, followed by the issuing of titles.
Altitude Aspire is located off Fraser Drive in Terranora, NSW, just south of the Gold Coast and in close proximity to Tweed Heads. It spans approximately 37 hectares, with an estimated total of 280 allotments.
Altitude Aspire marketing agent Lance Cotterill of North Estate Agents said the development has been very well accepted in the marketplace, with initial strong buyer interest intensifying since earthworks commenced.
“We have been fielding sales enquiries from a broad range of demographics including first-home buyers, families wanting to build their dream home, upgraders, second and third home purchasers, retirees, builders and investors,” he said.
The estate’s location combined with limited supply of land in the area added to the development’s appeal, he added.
House and land packages start from $605,000 for a minimum-sized 240 square metre house. Mr Cotterill also noted the “added benefit” of stamp duty savings for purchasers who build their own home at Altitude Aspire because stamp duty is only payable on the land value.
Newland Developers’ general manager Stuart Campbell said the estate had multiple drawcards.
“Residents at Altitude Aspire can enjoy the ideal location of the estate bordering on the in-demand lifestyle of northern NSW, which is a short drive to shops, schools, or their favourite beach.
“Our aim is for the completed development to provide a quality residential environment for the residents of Altitude Aspire and the surrounding community.”