Swift sales make way for new lot releases

Stage Two at Riverina, Carrara, has sold out.
BUYERS looking for land within striking distance of the coast have snapped up all 66 lots released in Stage Two of the Riverina development in Carrara.
Stage One also flew off the shelves, meaning half of the blocks in the 181-lot masterplanned community have already been spoken for, despite the project only launching in June.
The speedy sales have paved the way for Stages Three and Four, which will feature the development’s most premium lake and riverfront blocks, which will be released shortly. Prices will range from $725,000 to $1.2 million.
The masterplanned community is set to feature 430m of river frontage with a 2.8ha lake.

It has been locals who have dominated sales so far, reserving the majority of the early-stage blocks, with some buyers also hailing from Brisbane.
In a show of confidence in the development, major housebuilders Metricon Homes and Brighton Homes have also reserved plots on which to build and supply house and land packages.

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The project is being built on the site of The Villa Private Golf Course and private retreat of billionaire Toshiaki Ogasawara, with his derelict mansion demolished as part of Stage Two works, with extensive earthworks marking the next stage of construction. This is expected to be completed in February 2022.
The masterplanned community is set to feature 430m of river frontage with a 2.8ha lake as its showpiece, resort-style amenities and open green spaces.
Stages Three and Four will be released soon.

It will be supplemented by a range of lifestyle amenities, such as 26-berth marina and a state-of-the-art private residents’ club overlooking the lake with a cinema, café, library and gymnasium, plus a 25m swimming pool and children’s playground.
Louka Vitale of ProjX Group, which is managing the sales of Riverina Gold Coast Estate, said it was an extraordinary effort to sell out of Stage Two so quickly. He attributes the sell-out to the quality of the estate and its location. “A shortage of house blocks on the Gold Coast has definitely sped up sales, but Riverina was always going to appeal because it offers buyers an opportunity to build a new home close to where they already live or to relocate to an exceptional location,” Mr Vitale said.
“Buyers of lots at Riverina have certainly seen the value of living in this safe residential community.”

The post Swift sales make way for new lot releases appeared first on realestate.com.au.

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