CFMG Capital have now completed the acquisition of the 6.4ha site that will become Lomandra Park, Bridgeman Downs. The site was contractually secured in 2017 and after a development application process during 2018, the $37million development was approved by Brisbane City Council prior to Christmas, allowing CFMG Capital to commence the settlement process.
A surge in property speculation by leveraged self-managed super funds amid sliding house prices in the nation’s biggest cities has sparked concerns among the powerful Council of Financial Regulators that many may be in over their heads.
Demand for house and land packages in the Gold Coast corridor is on the rise, as buyers look for traditional detached homes on family-sized lots and without the inner city price tag.
In the past 10 days alone, I’ve heard interest rates are rising, interest rates will hold for at least 2 more years and even that they could crash again to stimulate a soft market stuck in regulatory purgatory thanks to the Hayne Royal Commission.
Middleton Park is transforming before our very eyes – with Stage 1 works complete, and Stage 2 bulk earthworks complete on schedule and roads down ahead of schedule. Watch the latest aerial video of the estate to see exactly what’s happening on site.
Logan Reserve could soon be a thriving hub of shopping and cafes for local residents. The suburb has been earmarked for future urban development as part of the Southeast Queensland Regional Plan 2009-2031. Logan City Council has prepared a draft plan detailing land use and infrastructure planning. Public consultation on the draft plan will commence…