During June, the registration of titles for Stage 1 of the Lomandra Park development were achieved, triggering just under $13m worth of settlement funds. Consisting of 41 lots, only 3 are remaining for sale, 17 are contract exchanged and 21 have already achieved land settlement – a very strong result for this boutique inner ring project.
Buyers were a mix of downsizers from larger acreage in outer suburbs, young families looking to upsize, a sprinkling of high end first home buyers and the expected 2nd and 3rd home buyers taking the opportunity to build their dream homes in a sought after location. Of course, 10 lots were also transacted directly with builders to form the Master Builders Display Village that will feature in Stage 1 and assist in the sales process of all subsequent stages. With a range of designer homes, this will be a great feature of the estate as CFMG Capital look to further expand the development.
Lomandra Park is perfectly positioned to take advantage of all the benefits of suburban living, while retaining the enviable connections associated with close proximity to the Brisbane CBD.
With no shortage of recreational offerings and wide-open spaces in the immediate vicinity, buyers could be forgiven for thinking they are living in a relaxed outer suburb away from the hustle and bustle of inner city living, yet residents will also have immediate access to prestigious schools, retail destinations, multiple major employment hubs and quality transport networks.
Lomandra Park is another successful development being delivered via the CFMG Land & Opportunity Fund.