CFMG Capital has completed the purchase of its latest residential development site, Creeks Edge in Morayfield.
Wasting no time, CFMG Capital were proactive and mobilised the day after settlement to commence site works. Strong sales enquiry has been received from both owner occupies and local volume builders looking to secure land for their local clients, with in excess of 20 pre-sales already in place.
Creeks Edge ticks all the boxes fundamental to residential property development and/or purchase;
- Adjacent to major childcare centre
- Walking distance to P-12 education
- Walking distance to train station
- Close proximity to major arterial roads
- Major retail destination just moments away
- Extensive recreational facilities in immediate and surrounding area
With 20 exchanged contracts in place already for a total sales value of $2.6m, the momentum of the project is expected to continue with official data indicating the demand for quality affordable projects in strong growth corridors forecast to continue.
A recent article reported that Brisbane property prices are growing at a faster rate than Sydney with prices growing 0.7% in the September quarter. For the full article click here.
CFMG Capital’s project pipeline now comprises 1,700 lots under development or completed and a further 1,000 lots going through the planning and assessment process.