Land release in one of Australia's best-buy regions

Land release in one of Australia's best-buy regions

The first sod is about to be turned on a new land release in Woodford - which is in one of Australia’s best regions for buying property.

Forty-five new blocks are being made available by the Double R Group at Hamilton Place, where prices start at $259,000 for 600sq m.

Interest is expected to be high for what are described as “affordable, allow maintenance, traditional-size allotments” which differ from those in Caboolture.

Latest report

That may be fuelled by the latest Hotspotting report from real estate expert Terry Ryder, which ranked the Moreton Bay Region among the National Top 10 Best Buy areas.

Key factors for the ranking include median house prices below $500,000 in many suburbs and a Regional Economic Development Strategy for investment, jobs and a $40 billion economy by 2041.

Insite Realty Sales Consultant Peter Kinchin said Woodford offered a “country lifestyle that appeals to buyers looking for a tree-change”.

High demand

“Civil construction works will start in late-July and Hamilton Place will be the first new home estate in Woodford where buyers can build on traditional allotments,” he said.

“We are expecting a high demand and anticipating most of the inquiry will be from owner-occupiers.”

Hamilton Place developer and Double R Group Director Ken Reed said the land release is only 800m from a school and a stone’s throw from local shops.

Perfect for families

“The site backs onto the P-10 Woodford State School so it’s perfect for families or those looking to downsize from larger rural properties,” Mr Reed said.

“We’ll be releasing 45 blocks from 600sqm over two stages so there is limited supply in this small enclave at the end of Hamilton Road.

For more information or to register your interest, visit hamiltonplace.com.au or call Insite Realty Sale Consultant Peter Kinchin on 0472 659 009.

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