Tuesday 17 January 2006

Strong sales over past three weeks

The first stage of Devine's new $25 million 'Lakeside' lifestyle estate at Andrews Farm is half sold - all within three weeks.

Sales have included blocks of land from around 375m² to 540m² for between $79,900 and 95,000, and home-and-land packages from $247,000 to $257,000.

Located on Davoren Road, 'Lakeside' comprises 107 residential lots. The first 42 of these were released on Boxing Day, and proved popular.

"'Lakeside' is attracting interest from first and second home buyers because it is affordable and in a convenient, well-serviced location," said Devine's South Australian Manager, Steve Weightman.

"There are six parks and at least 10 primary and secondary schools and a university nearby so the lifestyle is ideal for a growing family. Business-wise there is a great deal of employment opportunities in surrounding suburbs, while Adelaide's CBD is easily accessed by fast road and commuter train services."

As well as private buyers, four independent builders have purchased blocks at 'Lakeside' on which they plan to erect display homes. All homes at 'Lakeside' have to meet urban design guidelines to ensure the estate maintains high aesthetics standards, construction integrity and retains its capital value.

Devine is also building three display homes at 'Lakeside'. The models - 'Boronia', 'Lynwood' and 'Maui' - have four bedrooms, two bathrooms and double garages, and should be completed by June.

'Lakeside' is in Adelaide's northern suburbs, 28 kilometres from the CBD. It is near reserves, walking trails and, as its name suggests, a picturesque lake.

'Lakeside' - where remaining house-and-land packages range from $191,000 to $297,000 - is open for inspection from 10am to 5pm daily. For more information, visit Devine's comprehensive website at www.devine.com.au.

Released by: Devine South Australia, Ground floor, 212 Pirie Street, Adelaide 5001
Contacts: Steve Weightman, SA Regional Manager, (08) 8306 5678, 0411 866 443

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