TWENTY-nine new affordable townhouses and family homes will be built in Coomera as demand for low maintenance housing continues to climb.
AVJennings has announced it will construct 14 three bedroom townhouses and 15 four bedroom family homes in the northern Gold Coast suburb over the next financial year.
The new homes, which will include a range of floorplans and facades, will be erected in AVJennings’ $140 million Big Sky community which, once completed, will feature 318 homes set among 8.3 hectares of open space.
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Coomera is one of the Gold Coast’s fastest growing northern suburbs – located just 25 minutes from local beaches and in close proximity to the M1 and the Coomera Railway Station.
The new Big Sky community is located within walking distance of three schools and a neighbourhood shopping village. It is also within easy reach of Westfield’s planned Coomera Town Centre.
AVJennings Queensland General Manager Rod Chadwick says he is confident that new home buyers in Coomera will welcome Big Sky’s new townhomes and small lot family homes as an alternative to traditional homesites.
“The majority of new residential land on the Gold Coast is in the northern corridor, so suburbs like Coomera have been at the centre of a development boom in recent years, which has mostly produced traditional homesites and family sized homes,” Mr Chadwick said.
“This growth has paid dividends for homeowners with the median property price in Coomera jumping by about 20 per cent over the past five years to reach $485,000, supported by more than 1400 sales in an increasingly high demand area.
“Our new Big Sky homes will provide a more affordable alternative for first time buyers – who can take advantage of a $20,000 government grant – as well as young professionals, single parent families and downsizers, with prices of townhouses starting from $379,900.”
State Government statistics show the Gold Coast unit and townhome market is one of the most active in the state.
Just over 11,000 sales were recorded last year, topping demand for detached homes in the city which posted 9,097 sales during the same period.
Mr Chadwick says demand for townhomes and family homes remains buoyant throughout South East Queensland.
“The decision to make the shift towards delivering more townhomes and small lot homes is a reflection of market trends,” Mr Chadwick said.
“The majority of sales are still being driven by affordability and a desire for lower maintenance living, so we are designing our housing options to match buyer demand.
“The townhome model of living is cost-effective, efficient, secure and stylish and it suits the way we live today.
“Townhouses and smaller, efficient houses that are well designed provide all the benefits of a larger house, yet they are more affordable to occupy and require minimal maintenance, which is often desirable in a time poor lifestyle.”
Mr Chadwick says townhome and smaller lot living is no longer the domain of the inner city suburbs but is a lifestyle choice that exists irrespective of geographical location.
AVJennings plans to deliver over 200 townhomes across Queensland over the next financial year.