News

Greenbank’s Bigger Homes And ‘Greenstyle’ Providing A Hit With Families

February 12, 2023 | IN Media Release and News | BY AVID | 3 min read

Families seeking the ultimate “greenstyle’’ – greenspace and lifestyle – are turning to semi-rural
residential suburbs like Greenbank, with census data showing the area’s population grew by almost 25
per cent between 2016 and 2021. 1

The booming suburb is home to a higher proportion of family households (86 per cent) than the
Queensland average (71 per cent) with four-plus bedroom homes also the overwhelming norm – 76
per cent in Greenbank versus the state average of 39 per cent. 2

Queensland Government population projections predict Greenbank’s future growth will be second only
to the Ipswich suburb of Ripley. 3

An established residential community that’s meeting buyer demand for affordable family-friendly
housing in the booming Brisbane-Ipswich western corridor is Covella by AVID Property Group (AVID)
and Greenfields Development Company.

More than 800 blocks of land have already been purchased in the four-year-old community with just
under 800 more to be built over the next five years – a positive contribution to the Australian
Government’s Housing Accord target of 1 million new well-located homes over the next five years.

AVID Property Group General Manger Queensland Bruce Harper said “greenstyle’’ communities like
Covella offered families the best of both worlds – access to nature and greenspace as well as large
homes close to schools, transport and lifestyle amenities such as shopping and dining.

“One third of Covella’s sprawling 150-hectare development footprint is dedicated to green space,
maintaining the area’s traditional rural heart. Residents have access to walking trails, fitness stations
and parks as well as two dog parks within the community,” he said.

“While a postcode close to work may have driven home buying decisions in the past, with more than
40 per cent of Australians now working from home in some capacity (4) buyers can prioritise where they
want to live based on the type of lifestyle they want for themselves and their family.’’

Covella blocks of land range in size from 294 m2 to more than 2,300 m2 – the larger blocks being more
than five times the size of an average new block of residential land in Greater Brisbane 5. One of the
larger lifestyle blocks, which featured a five-bedroom home with pool, sold at the end of 2022 for $1.37
million. 6, 7

Future Covella residents and family business owners Rachel and Omar Shaick love the Greenbank
area so much they keep repurchasing back in the suburb, describing it as the “perfect area to raise
children.”

The family secured a 2000 m2 block of land in Covella at auction in June 2022 – their third successive
purchase in the suburb – to build “a home where we always feel like we’re on holidays.”

For Rachel, Omar and their two children, that means creating a large open-plan home with a pool,
BBQ area and plenty of yard space for the family to have fun together, stay active and enjoy the
outdoors.

“We work hard on our business, so we love our down time and cherish the days we spend with our
two beautiful children, swimming and spending time outside in nature,’’ Ms Shaick said.

“The Covella community is so family-friendly with heaps for the kids to do, excellent parks and great
schools in close proximity. It also has a lovely community atmosphere which instantly makes you feel
welcome and at home.”

1. Search Census data | Australian Bureau of Statistics (abs.gov.au)
2. https://www.abs.gov.au/census/find-census-data/quickstats/2021/SAL31236
3. https://www.qgso.qld.gov.au/issues/5276/qld-population-projections-regions-reports-local-government-areas-sa2-report-2018-edn.pdf
4. Working arrangements, August 2021 | Australian Bureau of Statistics (abs.gov.au)
5. New houses being built on smaller blocks | Australian Bureau of Statistics (abs.gov.au)
6. RealEstate.com.au, 2022, 2-6 Hibiscus Place, Covella, Greenbank
7. RealEstate.com.au, 2022, 2-6 Hibiscus Place, Covella, Greenbank