AVID Property Group has bought more than 41 hectares of land in Warner for residential development.
The land, pictured above at 107-109 Kremzow Rd, will have around 400 residential blocks with construction expected to start in 2023.
“We've made no secret of our appetite for growth and this site strengthens our future pipeline in what is a supply constrained market,” AVID CEO Cameron Holt said.
“This growth corridor – and the broader Moreton Bay region – is increasingly becoming an affordable, attractive housing option to first home buyers and those looking to upgrade.
“Buyers know that affordable, community-centered housing options of this calibre are simply not available in Brisbane’s competitive inner-city suburbs.”
AVID General Manager Queensland Bruce Harper said the new 41.4ha site strengthened its Queensland portfolio – joining the group’s 12 other communities in the state.
“We’ve had considerable success in the Moreton Bay region, with three of AVID’s communities in the area selling out this year – more than six months ahead of their anticipated timeframe – a clear indication that this region is highly sought after and supply constrained,” Mr Harper said.
“The region is recognised as one of South East Queensland’s strongest growth areas and provides home buyers with excellent connection to major transport networks, an array of employment opportunities and a number of education options.”