Terrace envy hits Queensland

Friday 7 September 2007

Within a frenetic 60 minute period, buyers rushed Devine's 'SeaGreen' estate at Coomera and snapped up all 20 terraces off-the-plan.

The two-storey, two and three-bedroom terraces were designed in rows of three and four. Each strata-title terrace has two bathrooms, a lounge, living area, kitchen, internal laundry, balcony, lock-up garage and a low-maintenance backyard.

The two-bedroom terraces sold for $259,000, and the three-bedroom versions from $333,000 to $377,000.

Property veteran of 30 years, Brad Lister, describes the demand as "the most frantic I have seen for this type of product".

The terraces are a recent addition to the Devine housing range, which primarily comprises freestanding homes. The company tested the popularity of the terraces last year at its nearby 'Edgewater' estate - and all 16 sold within minutes.

"There is incredible demand for this sort of clever accommodation from working couples, small families and empty nesters," said Mr Lister, who is Devine's Queensland State Sales Manager of Housing & Land. "Not only are they a practical way to maximize space but they are attractive and visually unobtrusive.

"People also like the fact that they are in small clusters adjoining parkland and associated amenities, which helps to foster community spirit."

Devine is planning to release more terraces in the final stage of 'Seagreen', but that probably won't be until December.

'SeaGreen' (149 lots) 'Edgewater' (134 lots) and 'Riverwood' (101 lots) are estates within Devine's 'Nautical Edge' community which sit alongside the proposed Coomera Town Centre and are just 3km from the Coomera Railway Station and the Gold Coast Marina.

"Household sizes are getting smaller so we are continually striving to make our housing communities more relevant to Queensland's changing family structure," said Mr Lister.

"Working couples and empty nesters, in particular, don't want to spend their weekends mowing lawns and cleaning pools, so we are providing a greater diversity of accommodation and adding more community benefits into our estates."

Devine has enjoyed great success with its estates at Coomera, which is evolving rapidly from an entertainment precinct into a major 21st Century residential and business community with a host of maritime activities.

Devine still has some home-and-land packages available at its 'Nautical Edge' community from $332,900.

"People can see what has been built around here and know what is planned, and they realise that even a week's delay could see them having to pay more to secure their future," said Mr Lister.

Coomera's growth is being fuelled by former residents of Brisbane and the Gold Coast who are expanding their lifestyle options while remaining close to major metropolitan areas for employment purposes. Workers can commute comfortably via the M1 Freeway to Brisbane (40 minutes) and to Surfers Paradise (20 minutes).

The Queensland Government is playing its part in the area's rise to prominence, investing $2.236-Billion across 13 projects. In addition, there will be a multi-billion dollar development of the Coomera Town Centre and the Gold Coast Marina.

Coomera will serve as a regional activity centre for the Gold Coast corridor, with an expected population of around 100,000 by 2025. Its planned city centre will cover 380 hectares and have tree-lined boulevards incorporating commercial, retail, entertainment, medical and sporting facilities as well as a community centre and public library.

Devine's Coomera sales and information centre on Foxwell Road, East Coomera, is open daily from 10am to 5pm. More information is available on 13 24 66, or www.devine.com.au.

Released by: Devine, 3 Westmoreland Blvd, Springwood, Queensland 4127
Contacts:Brad Lister, Qld. Sales Manager, on (07) 3380 2488, 0447 327 168
Paul Nash, National GM Housing & Land, on 0439 730 424

Prepared by: Barry Hyland, PR Plus, Level 1, 272 Pacific Highway, Crows Nest 2065;
Ph: (02) 9439 9191, (0412) 354 992; Email: pluspr@ozemail.com.au