Stage 3 at The Millstone, comprising of 37 lots ranging in size from 271m2 to 448m2 has been released to the market and already experienced strong demand.
After the success of Stages 1 & 2, where 101 lots were unconditionally sold ranging in size from 238m2 to 619m2 – it is expected that momentum in the project will be maintained with the release of Stage 3, after 8 deposits were taken in the first weekend of release.
With a majority of sales made to local owner occupiers looking to upgrade to a brand new home, local builders have been strong supporters of the project. Construction on Stages 1 & 2 is expected to commence during April 2017.
The Millstone is a key project in the CFMG business, providing 100 sales in 2016 equating to a total sales value of $14.3m in unconditional contracts with momentum expected to continue in 2017. The site fits perfectly within the clearly defined CFMG investment strategy with the following key characteristics:
- Proximity to capital city
- Population growth and demographics of local area
- Transportation options
- Employment opportunities
- Existing lifestyle amenity