Fueling the natural Australian family love affair with residential property and property investment, there are now strong reports that the governments flawed superannuation withdrawal scheme is being used to fund deposits as a first step onto the property ladder, or into a new property investment.
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With construction now having been completed for a few weeks now, buyers in Elevate Estate are eagerly awaiting registration of titles with Stage 1 now completely SOLD OUT. With its premium elevated position in a sought after area in the Gold Coast corridor and limited competition, Elevate Estate was perfectly positioned to meet the demand of local buyers eager to secure what is becoming a rarity in relatively generously sized parcels of vacant land to build their new homes.
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.
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Stage 1 of the boutique 110 residential community known as Lomandra Park has now achieved title registration. Comprising 41 premium sized lots just 12km from the Brisbane CBD in a sought after location, there are just 5 lots remaining for sale in Stage 1, with registration of titles set to trigger close to $15m worth of settlement revenue.
In recent weeks there has been significant speculation and associated lobbying from various industry bodies surrounding potential Federal funding to stimulate the construction sector, particularly new home building.
The Property Council put together a $2.5million plan to kickstart the broader economy where buyers of newly built homes would benefit from $50,000 cash stimulus. The council has also campaigned for the abolition of Stamp Duty on property transactions among other associated initiatives.
Warnings of a 30 per cent plunge of property prices have not shaken Aussie homeowners’ love of real estate, with millions holding their nerve during the coronavirus pandemic. Here’s why.
Home values are holding up strongly after two months of Australia in lockdown, but a big test looms in October when government and bank assistance dries up.
New data from CoreLogic shows capital city prices have barely moved in two months despite warnings by some forecasters property values could collapse by 30 per cent.
Construction at Mayfair Lane, Rochedale has now commenced. Mayfair Lane is an exclusive boutique 15 lot residential community in the sought after Rochedale, and the machinery moved in just two weeks ago and has already made rapid progress.
The Millstone Estate, managed by CFMG Capital is a 303 lot residential community just 35km west of the Melbourne CBD, set beneath the wide skies and offering all the upside of being part of a thriving new growth corridor, but with a more peaceful and tranquil setting. With Stages 1-3 already completed and settled, and residents already moved into the community, construction on Stages 4 & 5 completed in recent months with title registration of all 94 residential lots achieved last week.
