THE developer behind one of the last parcels of land at Burleigh Heads is releasing 32 new residential lots.
Villawood Properties has released the new lots at its Gold Coast community The Arbour — they range in size from 400 sqm to 975 sqm.
Set on a 20.75ha site at Cowell Drive, Burleigh Heads, The Arbour will comprise 101 residential lots.
Villawood Properties QLD general manager Michael Williams said more than 90 per cent of lots released had already sold and the new stage, Suncove Edition, will be brought to market to satisfy demand.
“It’s no secret that residential land, especially large lots suitable to accommodate a family home, has become a scarcity on the Gold Coast, particularly land within proximity to quality infrastructure on the southern end of the city,” he said.
“The new homesites provide more opportunity for buyers to secure some of the last developable land in Burleigh Heads and the chance to build their dream home within a quality boutique community in one of the Gold Coast’s most sought-after suburbs.”
Data collated by Oliver Hume highlighted a shortage of land supply across the Gold Coast with significantly limited supply in Burleigh Heads.
Just 79 available blocks were recorded across six active land projects across the city in March 2023 with 24 of these available blocks being on the southern end of the Gold Coast.
Research also showed only 90 lots have sold in Burleigh Heads over the past 10 years, not including The Arbour.
Lots in Suncove Edition start from $624,900.
“All homesites in the Suncove Edition offer flat building envelopes which will appeal to buyers given the ease of construction and lower associated building costs,” Mr Williams said.
“Registration is anticipated prior to the end of 2023 so buyers can plan to start building their new homes prior to Christmas.”
Article source: Queensland Property Investor