Townsville buyers flock to larger lots

first_imgThe Lamona land release features nine lots and is part of the development’s Horizon precinct.Stockland’s North Shore estate in Burdell recently released its largest lots to date, on the back of market demand.The Larmona land release features nine lots and is part of the development’s Horizon precinct — and their size has already captured the attention of buyers. READ MORE New Belgian Gardens development to inject $10m in Townsville economy How this local tradie saved his way to four sound investments by 22 READ MORE NEWS North Shore project director Andrew Astorquia said one lot sold within days of the official land release, and the sales team had been inundated with inquiries.The lots range from 707sq m to 1059sq m in size.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“These are the largest new home sites ever released within North Shore and have been created in response to market demand,” Mr Astorquia said. center_img “Larmona is aimed at those who don’t want to sacrifice size for location. Most lots on the market at this size are in outer suburbs that are traditionally rural residential areas which, in Townsville, can be hard to maintain and keep green.”The larger lots are close to lifestyle amenities, which Mr Astorquia said also attracted buyers. “This release is set among a masterplanned community within walking distance of the North Shore shopping centre, three schools, a dog park and aquatic centre, two coffee shops, kilometres of walking tracks and parklands. “Though the traditional lot is still very popular, we have definitely found that a market exists for well-positioned, larger lots where people have the option of purchasing land with room to create their dream backyards. “There is plenty of space to park a boat or caravan, build a man shed, plus add a pool and entertainment area if they so wish.” Lot prices in this release start at $180,000 and range up to $225,000 for the largest lot of 1059sq m within North Shore.last_img

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