News
More land, less hassle: Developer launches unique blocks in Chisholm
August 1, 2023 | IN Media Release and News | BY AVID | 3 min read
With the average site area of new houses in capital cities having decreased by 13 per cent over the last ten years1 and house prices continuing to rise2, hopeful home buyers are looking to regional communities to find their dream home.
In fact, the Regional Movers Index highlights city dwellers are moving to regional areas on mass3, and in response to this demand, AVID Property Group (AVID) have launched a limited number of larger lots fronting a natural enclave in its Waterford community in Chisholm, NSW.
AVID NSW Project Director Danny Boubli said the new larger lots are an ideal offering for tree change buyers who are after more land without the day-to-day costs and challenges typically associated with a rural lifestyle.
“Waterford has traditionally offered much larger blocks than surrounding residential developments and these new luxury lots are no exception,” Mr Boubli said.
“These spacious, low maintenance lots allow our residents to be able to enjoy all the benefits of regional living without having to maintain a large country property – meaning they can spend their free time enjoying their new lifestyle rather than working on their house and yard.
“We have a lot of repeat purchasers within our community, once people get a taste of a spacious regional lifestyle, they don’t turn back.”
Despite the rise in regional moves, people living in rural and remote areas still generally pay higher prices for goods and services4 with less access to everyday amenities.
Mr Boubli believes larger blocks in masterplanned communities present a ‘happy medium’ for Australians as they still have the benefits of close neighbours and amenities.
“It gives the best of both worlds; Waterford is a secluded community but has all the benefits of living in a metro area including great schools, a future town centre and fantastic parks,” he said.
“As an added bonus Waterford is just a stone’s throw from the new Maitland Hospital, major shopping centres and is perfectly positioned in between the Hunter Valley wine region and Newcastle.”
In 2018, AVID released six acreage blocks in the masterplanned community with hopeful buyers lining up for hours to secure a slice of the country-style neighbourhood.
“With more people embracing a tree change, now was the time to release another string of larger land parcels which are all fronting a serene waterway,” Mr Boubli said.
“This desirable positioning almost extends the purchaser’s land further but bypasses the pressure of having to maintain those spaces.”
Land in Waterford’s Territoria Place release range from 796sqm to 875sqm with prices starting from $620,000. To find out more visit: www.waterfordliving.com.au.
- New houses being built on smaller blocks | Australian Bureau of Statistics (abs.gov.au)
- Residential Property Price Indexes: Eight Capital Cities, December 2021 | Australian Bureau of
Statistics (abs.gov.au) - Regional Movers Index (regionalaustralia.org.au)
- Rural and remote health – Australian Institute of Health and Welfare (aihw.gov.au)
