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01-08-2015, 10:18 PM
http://avjennings.com.au/QLD/Development...owMap=true
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Jane Pinder
298 words
18 Jul 2015
Courier Mail
COUMAI
English
A SURGE of interest from first-home buyers has pushed sales at AVJennings’ Villaggio community in the western corridor.
The $42 million community in Richlands will have 142 two-and three-bedroom townhouses and terraces once completed in about two years.
AVJennings Queensland general manager Rod Chadwick said prices started from $316,000.
“The past six months has shown a 50 per cent increase in owner occupiers compared to the second half of 2014,” Mr Chadwick said. “The majority of these sales have been made to first-home buyers.” Restaurant manager Brant Fahey was living with his parents, searching for a rental property, when he found Villaggio.
He bought a two-bedroom Fusine loft home, with balcony views of Mt Coot-tha and the top of the city skyline.
“The location, the quality and low-maintenance design is precisely what I was looking for, and when I weighed up the cost of renting compared to the repayments on a two-bedroom townhome, I asked myself why would I continue to pay off someone else’s mortgage,” Mr Fahey said.
“I have stepped into a brand new home for just $349 a week – which is on par with the rentals I was looking at – and I am investing in an asset that should increase in value over time.” Mr Fahey said comparable properties he was considering in suburbs such as Mansfield were up to three times as expensive as Richlands.
Mr Chadwick said first-home buyers were taking up the opportunity offered by low interest rates and government incentives.“Property prices are certainly escalating across the country, yet properties in southeast Queensland are still very affordable for first-home buyers compared to what is on offer in the southern states,” Mr Chadwick said.
News Ltd.
NUMBERS ADD UP
Jane Pinder
298 words
18 Jul 2015
Courier Mail
COUMAI
English
A SURGE of interest from first-home buyers has pushed sales at AVJennings’ Villaggio community in the western corridor.
The $42 million community in Richlands will have 142 two-and three-bedroom townhouses and terraces once completed in about two years.
AVJennings Queensland general manager Rod Chadwick said prices started from $316,000.
“The past six months has shown a 50 per cent increase in owner occupiers compared to the second half of 2014,” Mr Chadwick said. “The majority of these sales have been made to first-home buyers.” Restaurant manager Brant Fahey was living with his parents, searching for a rental property, when he found Villaggio.
He bought a two-bedroom Fusine loft home, with balcony views of Mt Coot-tha and the top of the city skyline.
“The location, the quality and low-maintenance design is precisely what I was looking for, and when I weighed up the cost of renting compared to the repayments on a two-bedroom townhome, I asked myself why would I continue to pay off someone else’s mortgage,” Mr Fahey said.
“I have stepped into a brand new home for just $349 a week – which is on par with the rentals I was looking at – and I am investing in an asset that should increase in value over time.” Mr Fahey said comparable properties he was considering in suburbs such as Mansfield were up to three times as expensive as Richlands.
Mr Chadwick said first-home buyers were taking up the opportunity offered by low interest rates and government incentives.“Property prices are certainly escalating across the country, yet properties in southeast Queensland are still very affordable for first-home buyers compared to what is on offer in the southern states,” Mr Chadwick said.
News Ltd.