First sod turned on a $122M housing development in Hervey Bay
- By Peter Gordon
- •
- 01 Mar, 2021
While the media may not be reporting it yet, Hervey Bay is Booming!
With high population and jobs growth, a fantastic lifestyle at incredibly affordability, the window of opportunity to invest at the current low prices will soon close.
With the vacancy rate well below 1%, local managing agents have
lists or perspective tenants waiting for somewhere to rent. Land sales are
currently at record levels and current supply is fast running out. So the
developers are raising their land prices when they sell each new stage. The start of this project is another sign of the demand for housing in the region.
The Thyme Lifestyle Resort, a land lease community, is aimed at providing inexpensive housing for those aged over 50. Serenitas, led by founder and chief executive Rob Nichols owns and operates land lease communities in Western Australia together with Nationwide Lifestyle Villages. Thyme Lifestyle Resort is the business's new east coast model. Fraser Coast Mayor George Seymour said the development was a sign of confidence in the region and would provide a significant economic boost for the Fraser Coast. He said it would bring jobs to the region. The main focus of the land lease neighbourhood is to create inexpensive housing in picturesque places for over 50s, with no exit or Deferred Administration Charges being used, according to the New World Times.
Kirbro Contracting was awarded the $2.2 million Stage 1 Operational Works Bundle, with civil works together with stormwater, energy, sewer system work and the primary stage of highway building to be accomplished by April with building of the village anticipated to start in mid-2021.
Stage 1 of Thyme Lifestyle Resort is now being promoted, with new properties starting from $329,000.
Article courtesy Fraser Coast Chronicle 24/2/21
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| Quiet simply, the Palms is the place to buy! |
Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).
Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.
Time magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time magazine?). But they might be onto something.
Time points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.
Time’s most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).
A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.