brand new land estate called "Banksia Estate" 1600 Wynnum Rd, Tingalpa. It has received the most interest of any land subdivision we have seen in this market for some time, with over a dozen people completing EOI's so far and more to come.
It is now approaching 50% sold.
It is clear that the interest from locals and investors in this Eastern corridor of Brisbane is so strong, which will no doubt see the rentals and values of these properties see consistent pressure and gains over time.
Project Overview:
- 1600 Wynnum Road, Tingalpa- Just 9kms East of the CBD- Great pressure from strong performing more expensive suburbs to the East & West of this location = double "ripple effect" growth pressure- Subdivision of 21 land lots proposed- Subdivision now well into construction with Practical Completion expected in August. Land titles and settlements expected in Sep- Moments to shops, schools, parks and more
- Easy connection to main arterial road networks and only moments from access to The gateway Bridge
- CMS scheme to the estate i.e. small circa $1,250pa community title fee for upkeep of the small estate and related services required
- Current vacancy rate in the market 0.3%, one of the lowest we have seen this year
- Scores of strong house sales happening frequently in the immediate market, which shows its strength.
- Fixed price builds available with Creation Homes (select upgrades available)
- Block sizes from 350sqm to over 1,000sqm
- Packages from just $948,000
- Rentals showing up to 4.5% gross returns
