‘Chaotic feeding frenzy’ as buyers snap up new estate

Buyers were in a “feeding frenzy” over the weekend as the entire latest land release of a boutique Sunshine Coast estate sold.

Sold Home For Sale Sign in Front of New House

PROPERTY buyers were in a "feeding frenzy" over the weekend as the entire latest land release of a boutique Forest Glen estate sold.

Twenty-one lots released in stage one of Azure, off Owen Creek Rd, sold off the back of the new $25,000 HomeBuilder grant.

Town Group sales manager Craig Morrison said since Friday, they had had 100 inquiries, 50 site inspections and sold out the entire stage one.

MAJOR DEVELOPMENT TO SUIT BOOMING SUBURB

"It's exciting that the Government's HomeBuilder grant has encouraged buyers to get off the fence and take action," he said.

"It was chaotic. Buyers were rushing out trying to find land.

"There is not a great deal of land developments on the Sunshine Coast that are ready to go where they can start building in three months as per the grant requirements."

Azure Forest Glen is a boutique estate that includes 90 lots over five stages.

"I called the developer on Saturday afternoon, telling him to get Shadforth and the machines back on site to ensure stage two is ready to go in the next three months," Mr Morrison said.

"It was very exciting to deliver him the good news".

Mr Morrison said the estate's location was what attracted buyers, when compared with some of the larger masterplanned communities.

"I can't wait to see the machines back," he said.

"This will in turn keep builders busy, tradies in jobs and will hopefully welcome 50 new builds starting prior to Christmas.

"The flow-on effect will be massive for the community."

Originally published as