Developers snap up blocks earmarked for townhouses
TWO properties on the outskirts of Ipswich earmarked for development have been sold.
Property
Don't miss out on the headlines from Property. Followed categories will be added to My News.
TWO properties on the outskirts of Ipswich earmarked for development have been sold.
Plans have already been approved for the two parcels of land at Richlands, just past off the Ipswich Mwy near Wacol.
Brisbane based developer Indigo Group has bought one of the sites along Brentford Rd, covering 3.2ha, and plans to incorporate it into the new Sienna Grove estate.
The other property on Brentford Rd was bought by developer Impact Homes.
The sale was subject to development approvals and combined, the sites are now approved for 70 townhouses.
The transaction, via selling agent, Ray White Special Project's Matthew Fritzsche, was handled 'off market' and sold on behalf of private owners.
Indigo Group Director Michael Truce said there was a strong demand for affordable detached housing in Richlands.
"(The property) presented an excellent opportunity to develop an estate of affordable family houses with great access to the city, schools and transport," Mr Truce said.
"In today's housing affordability crisis, solutions such as this are more important than ever."
"The estate, Sienna Grove, will feature extensive green spaces, stunning elevations and provides great quality affordable housing which the market is crying out for.
"The estate presents families with an alternative to medium density community title schemes and large house blocks. Sienna Grove is an example of how quality affordable homes are being delivered in South East Queensland."
Originally published as Developers snap up blocks earmarked for townhouses
$10m slashed off Crown Barangaroo penthouse asking price
Sydney’s swankiest apartment is back on the market, with a high-profile Luxe Listings agent dropped and the new team tasked with selling the six-bedroom unit spending $500,000 on staging.
Revealed: The affordable southwest Qld regions set for property boom
New property data has revealed multiple localities in the state’s southwest, including Warwick and Gatton, are in the top affordable locations set to have a major boom. See what areas are ripe for investment here.
Investors: Next Qld regions set to boom
Five Queensland regions have been identified as “stand-out” investor hotspots, and labelled the next places to buy “before the boom”. See where!
Housing crisis: Call for last home owners’ bonus to free up houses
Over 200,000 Queenslanders are living in large homes they can no longer maintain that could be put to better use by younger families, prompting calls for bonuses for seniors who downsize.
‘Outstanding’: Lockyer property with cropping, grazing hits market
A beautiful rural property in the Lockyer Valley has hit the market, with agents describing its opportunities as “unique” and in demand.
Real winner in Musk vs. Zuckerberg title fight
It’s the fight everyone is talking about. And while the world waits to see if it happens, take a look inside what may give Elon Musk or Mark Zuckerberg an edge in the ring.