Source: The Courier Mail
Four brand new housing estates with a combined value of over $3 billion and delivery of more than 2,500 homes, are poised to transform a Moreton Bay suburb into one of south east Queensland’s fastest growing areas.
Burpengary is booming with new housing estates popping up left, right and centre, headlined by more than $12 million in sales in just one week for stage one house and land packages at the new Vale estate, located on Coutts and Adsett roads.
This represents 70 per cent of the stage one lots at the Marquee developed estate, Vale,
showing demand for quality and affordable housing remains strong.
Colliers Director Jon Rivera said they did not even have the chance to market Vale widely before seeing 70 per cent of stage one sold.
“In this current market, I would expect to sell the remaining homes within a month,” Mr Rivera said.
“Priced in the mid to high $600,000s, and about $60,000 better priced than the surrounding market, Vale offers irresistible value while we’re in the midst of an affordability crisis.”
Marquee’s Sales Manager Azura Griffen, said Vale’s location just minutes from North Lakes, and centrally located between Brisbane and the Sunshine Coast, positions residents just minutes from public transport, schools, shopping, dining and entertainment options.
“The leafy boutique infill community of 76 flat blocks is surrounded by a thriving, established community,” Ms Griffin said.
“With over 42 per cent of the masterplan reserved for green space and a variety of land sizes ranging in size up to 762 sqm, Vale is ideal for families that want to be surrounded by nature, but just a stone’s throw from a range of amenities.
“Construction on Vale is forecast to commence in May, 2023.