Park Ridge’s booming land market shows no sign of slowing with a stunning new release of 36 homesites worth more than $8.2 million expected to sell out quickly as buyers take advantage of sparse opportunities and low-interest rates.
The new release at Golden Gate Property’s Carver’s Reach project has already attracted strong interest with at least 15 buyers lodging expressions of interest prior to official release this weekend (October 17).
Stage 3B will include homesites ranging in size from 350 sqm to 485 sqm and prices from $213,000.
Since being launched just over 12 months ago, Carver’s Reach has generated more than $28 million in sales with the second stage on track to be completed and ready for settlement this year.
A 18 home display village is under construction and due to be officially opened in early 2021 while the stunning green spine that runs through the project is also nearing completion.
Carver’s Reach is being developed by Golden Gate Property with sales and marketing managed by property services group Oliver Hume.
Oliver Hume Queensland Project Director Matt Barr said the new release would be a welcome relieve to buyers with a drought of quality stock in Park Ridge.
“The Government’s HomeBuilder grant really accelerated the sales pipeline of many projects and means there are fewer and fewer opportunities to purchase quality homesites,” he said.
“Park Ridge and the Logan growth corridor were in high demand before HomeBuilder and once it was launched any block of land that made buyers eligible was snapped up very quickly.”
“We are now returning to more normal conditions but still experiencing a lot of interest given the historically low interest rates.”
Less than 12 months after being launched and after more than nine months of construction, the first wave of settlements in the 67-lot, first stage of the 600-lot project were finalised in May.
David Whiteman, Director of Development at Golden Gate Property, said the recent completion of major facilities, including roads, parks and entry statements, had provided buyers with a strong indication of the lifestyle on offer at Carver’s Reach.
“From the very beginning, we gave had a vision for Carver’s Reach,” he said. “We wanted to build a place where families could enjoy everything that the Queensland climate has to offer with plenty of parks, playground and open space.”
“We are only just at the start of delivering on that vision, but it is coming together nicely.”
“The feedback we receive consistently from buyers is their desire to have just a little bit more land providing options to have a larger yard and more garden was important to buyers, with many attracted to Carver’s Reach focus on creating strong links to parklands and nature reserves, he said.
On completion, Carver’s Reach will include more than six hectares of premium parklands, historic walking trails, a wetland along the bed of Scrubby Creek, replanting of local endangered tree species and a nature reserve surrounding the site
The new release is located within walking distance to one of the project’s major playgrounds, complete with shelter and seating for weekend BBQs and entertaining. A nearby half-court, kids pedal park, and an amenities building are all within reach and yours to enjoy.
There are also gym and exercise stations, walking trails, as well as an off-leash dog park for active lifestyle lovers.
Carver’s Reach is well located with easy access to the west via Mt Lindesay Highway, east via Chambers Flat Road, and north via the Logan Motorway.
The Park Ridge area, which is inclusive of Boronia Heights, has a forecasted population of 29,987 by 2036 representing an increase of over 20,000 residents since the 2016 census. Increasing the current population by 137% over a 20-year period.