News

Moreton Bay region entrenched in housing boom

October 21, 2021 | IN Media Release and News | BY AVID | 3 min read

Property developers have recorded a surge in sales as astute home buyers have taken advantage of the market, and the Moreton Bay region has been no exception.

Over 15 months, residential property developer AVID Property Group (AVID) sold almost one home per day (average of 6.48 homes per week) across three of its communities in Brisbane’s north.

AVID General Manager Queensland Bruce Harper said the three Moreton Bay communities had sold out more than six months ahead of their anticipated timeframe, firmly supporting the region’s projected growth and development.

“Record low interest rates certainly played a key role in supporting the housing market activity, along with a surprisingly spectacular rise in consumer confidence and the Federal Government’s fiscal support,” Mr Harper said.

“We saw a number of home buyers within the region bring forward their decision to purchase due to the fact many were eligible for the Queensland Government’s First Homeowners’ Grant and the Federal HomeBuilder Grant – providing what is often several years’ worth of savings to buyers.”

  • Commencing in 2017, The Meadows comprises of 394 house and land packages and 34 townhouses, selling out in less than four years.
  • Comprising of 88 homes, 91 per cent of the Acacia community sold in the 2020/2021 financial year, after launching in January 2021.
  • North Harbour comprising of 77 homes, hit the market in March 2020 selling 84 percent of its homes in the 2020/2021 financial year.

Despite the turbulence of 2020, AVID made the early decision to push ahead with land releases, through the fast-tracking of 145 homes in 12 months across The Meadows community in Strathpine.

“We saw a staggering 46 per cent of The Meadow’s sales take place in FY21, averaging almost four (3.8) sales per week, which is an incredible testament to the investment into the region over the past few years and the appeal this has for buyers in the area,” Mr Harper said.

“Over the years we’ve seen a reversal in the decline of suburban living with people looking for the complete lifestyle package in the suburbs with a great focus on a work-life balance,” Mr Harper said.

“Home buyers are beginning to realise there is no longer a need to pay top dollar for a tiny block on the fringe of the Brisbane CBD and can instead live in the outer suburbs and have a better lifestyle, a modern and new home, and still be connected to work, schools, shopping and entertainment.

“The region is recognised as one of South-East Queensland’s strongest growth areas, benefiting from an extensive commitment to major infrastructure projects, providing home buyers with a good indication of the upwards trends that will continue for the region with appealing investment, commercial and employment opportunities.

”Purchasing a home at The Meadows in 2018, Pinaki Guha and his wife relocated to Strathpine from Moreton Island in search of a young community to settle down and start their family.

“We knew exactly what we were looking for in terms of location and local facilities, and the Moreton Bay Region had it all – history and developing local infrastructure,” Mr Guha said.

“Living at The Meadows, we’re a stone’s throw from local shopping and medical facilities, public transport and the two-minute drive to the local school was a huge selling point for us with plans of starting a family.

“We are looking at purchasing an investment property in the near future, but our home at The Meadows is, and will remain, our home sweet home and we have so many memories here with our 20-month-old, Kiaan, we can’t be detached with.”

DOWNLOAD MEDIA RELEASE

Recommended for you

June 17, 2024

New Development to Deliver Affordable Homes and Vital Infrastructure to the Logan Corridor

June 3, 2024

Small Businesses Boom On The Sunshine Coast

May 30, 2024

Land Lease Neighbourhood Set To Expand Established Diggers Rest Community

May 30, 2024

New Over 55s Community for Hervey Bay

May 28, 2024

Villaworld Homes by AVID Property Group recognised at national builder awards

May 16, 2024

AVID Property Group expands into Australian Land Lease Communities with AUD$1.1 billion portfolio

May 14, 2024

Together they strike: Harmony continues Lightning partnership

April 24, 2024

Premium fixed price homes expected to sell quickly at Brentwood Forest

April 24, 2024

Enquiries double as Greenbank development celebrates 1000th settlement

April 10, 2024

Chisolm opens its doors to the freatest ‘Home Show’ & a chance to win $10k

Brentwood Forest

Located just 5 km from Springfield Central with shopping centres, health and recreation hubs, schools, childcare facilities and public transport at your doorstep. Brentwood Forest is nestled in its own wooded enclave that rises above the surrounding valleys, a family-oriented address which offers a sense of tranquillity, space and seclusion. With playgrounds and leafy parks, quiet streets and easy access to schools, shops, sports facilities and everyday services, Brentwood Forest offers a sense of escape from the hassles of suburban life, while still remaining close to all that matters.

Designed by the experts

Peace of mind

Everything done for you

Complete finance solution

Your home is where our heart is