Queensland

First home buyers take advantage of boosted grant

Buyers taking their first step into the property market have snapped up more than $75 million worth of homesites at Gainsborough Greens in Pimpama in 2017, as they take advantage of the boosted Queensland First Home Owners’ grant before it reduces at the end of 2017.

First home buyers have accounted for almost 30 per cent of sales at Gainsborough Greens since January 2017, with enquiries continuing to grow on the back of the QLD Government extending the cut-off date to secure the $20,000 grant to 31 December 2017, when it will reduce to $15,000.

The high demand has prompted Gainsborough Greens’ developer Mirvac to release a new stage of homesites in the community, situated in the Gold Coast’s fast-growing northern corridor.

The new release of 81 homesites is situated alongside a future sports field and playground, which will include barbeque facilities, seating, shelters, play equipment and a half-court, and adjacent to the fast-growing Pimpama campus of Kings Christian College.

The homesites will link to Gainsborough Greens’ network of walking trails, connecting the new stage to a range of parks, wetlands, shops and the Gainsborough Greens Golf Club.

Mirvac Queensland Residential General Manager, Warwick Bible, said the latest stage had been fast-tracked, becoming the fifth stage of land brought forward in 2017, in-line with continued high demand.

In 2017 alone, an average of about 12 homesites a week have sold at Gainsborough Greens, with first home buyers dominating sales, alongside families upgrading to a new home, empty nesters drawn to the abundance of green open space, including the golf course, and investors.

Purchasers can secure house and land at Gainsborough Greens from $482,910, exceptional value when compared with the median house price on the Gold Coast, which CoreLogic found hit a record-high of $615,000 in the 12 months to March 2017.

“Affordability is a key drawcard, but once buyers see and experience Gainsborough Greens it is other factors such as the community atmosphere, high quality of homes, network of parks and green open spaces and the location close to everything that drives their decision to purchase,” said Mr Bible.

“The first home buyer market has been particularly strong, as these purchasers look to take advantage of the additional $5,000 from the State Government to boost their deposit savings and purchase a property sooner.

“We expect that trend to continue right through to the end of the year, with our latest land release featuring all the attributes first time purchasers, particularly those with children or looking to start a family, aspire to, including parks, schools and shops right at the doorstep.”

First home-owners Jason and Kassy Choules have just moved into their brand-new home, after purchasing at Gainsborough Greens. The young couple made the move to the community after searching for a family-friendly area to raise their 18-month-old daughter, Charlotte.

Jason, 28, said a major drawcard for him and wife Kassy, 24, was the location of the community as they regularly spend time in both Brisbane and the Gold Coast.

“We love that Gainsborough Greens is halfway between the Gold Coast and Brisbane as we both work on the Gold Coast, but all our family lives in Brisbane. The proximity to the motorway is really convenient,” he said.

“I work at Event Cinemas at Pacific Fair and Kassy is at a financial wealth firm in Broadbeach, so we can easily get to work on weekdays, but can go and visit our family in Brisbane on weekends.

“We were living in Daisy Hill near Logan and commuting to the Gold Coast, so when we were looking to buy our new home, Gainsborough Greens seemed to be a fitting spot.”

Jason said he and Kassy investigated buying a home in Gainsborough Greens after seeing positive reviews online.

“We came across Gainsborough Greens as there was a lot of talk on social media about Pimpama being a huge growth corridor and we saw there was an opportunity to build a brand new home in the community. When we visited, we fell in love instantly,” he said.

“All of the green open space and community presence immediately attracted us and we knew straight away it would be a great area to raise our daughter.

“We live close to schools, shopping centres and are in walking distance to parks – everything is so close by and having friendly neighbours is just the icing on the cake.

“Our favourite part of our new home is that it’s big and fresh, Charlotte can run around and there is a lot of space for her as she grows. She has adapted really well to living here, it’s going to be a great home for her to grow up in.”

Homesites in the latest stage of Gainsborough Greens are priced from $246,000 and include 12 metre to 18 metre frontages.

Source: Mirvac

Image: Jason, Kassey, and Charlotte Choules at Gainsborough Greens. Image supplied by Mirvac