- 100 blocks were sold over the weekend at a new precinct in Queensland
- The Parks will be a new major precinct in Yarrabilba
- The area offers great access to nature
More than 100 blocks were snapped up over the weekend at The Parks – a major new precinct in Queensland’s $11 billion Yarrabilba master-planned community.
The speedy sales have forced construction, property and infrastructure company Lendlease to fast track the next stage in development.
Owner-occupiers dominated the buying frenzy spurred on by the ultra-low interest rates and fast-rising house prices in Queensland’s south east.
Numerous interstate buyers were among the masses, reflective of the growing migration to Queensland from southern states.
The new precinct comes as Yarrabila’s fast-growing population passes the 10,000 mark, with The Parks planned to provide 2,000 new dwellings.
One of Yarrabilba’s greatest attractions is its abundance of walking and bike trails. The precinct offers access to nature as it is situated close to an environmental corridor. More than 35% of the precinct is to be dedicated to green space.
It is also one of Australia’s first 6-star rated green communities, designed to protect, and enhance the natural environment.
The area has a lot of changes ahead as it anticipates the opening of a new state primary school in 2023 and a new Yarrabilba Town Centre.
A special family fun day on Saturday, 17 July, will be hosted to celebrate the next land release. This release will offer 32 blocks with sizes ranging from 333 up to 666 square metres, with prices from $177,000.