Christmas rush leads to stage one sellout at South East Queensland’s newest masterplanned community

Development of the $350 million, 1500-lot Waterlea Walloon masterplanned community continues to gather pace with construction of Stage 2 of the project fast tracked following the sell-out of nearly 100 lots in Stage 1 in less than eight weeks.

Waterlea this week appointed renowned Queensland construction group Civil Contractors (Aust) P/L as the preferred contractor for all major works on Stage 2 of the project which will include a total of 1,500 lots.

Waterlea Development Manager Andrew Cook said demand for the project had exceeded expectations with the company pushing ahead with construction on Stage 2 and the release of new lots to the market.

The new lots range in size from 411sqm to 800sqm and are priced from $153,000.

“Stage 2 will pick up where Stage 1 left off and we’re proud to be partnering with Civil Contactors (Aust) P/L to deliver this stage as quickly as possible,” he said. “This development has hit a chord with buyers so we’re responding to demand by launching the next stage ahead of schedule,” Mr Cook said.

“We expect the Stage 2 construction project will provide an immediate boost to the local industry supporting dozens of jobs for the skilled workers in the region.”

A total of 101 lots worth more than $15 million have been sold since the launch of the project, hosted by Ipswich Mayor Paul Pisasale, in early November.

Mr Cook said the preferred contractor had been selected following a thorough evaluation process which considered value for money and assurance the construction would be complete by May 8, 2017.

Mr Cook said the new stage would benefit the region by providing affordable options for purchasers.

“The demand for residential housing will keep the market busy with the strong interest for affordable, high quality living drawing buyers. The new building will continue to create new jobs for construction professionals and tradespeople, assisting in keeping the job market buoyant and attract people to live in this region for years to come,” he said.

Mr Cook said buyers consistently referenced Walloon’s affordability and amenity as a key purchasing factor.

“Buyer interest in the south-east Queensland land market is strong and Waterlea represents the ideal, complete package for purchasers,” he said. “Families have been drawn to the large blocks at Walloon where the average lot size is more than 680 sqm,” he said.

“In the first two days of sales alone we achieved in excess of $1.5 million in sales.”

“Waterlea is a scenic, well-located residential community offering affordability, connectivity to parkland, recreation areas plus retail offerings including an organic grocer, licensed venue and coffee shops.

“A full suite of transport, employment, local shopping, restaurants and lifestyle pursuits are offered at the established town of Walloon,” Mr Cook said.

Waterlea is being marketed by leading property services group Oliver Hume.

In December 2016 Waterlea unveiled its vision for the community’s future retail hub, with design inspired by popular destinations like Hawthorne Garage in Brisbane’s east and The Farm at Byron Bay.

These well-designed hubs create a focal point for the immediate community and promote a healthy lifestyle through selective acceptance of retailers and vendors that promote the overall vision.

Waterlea’s hub will incorporate a thriving, living organic market featuring fresh produce from the local region, plus the daily needs of a grocery store all on the backdrop of a natural waterway setting within a shady, village ambience.

Waterlea is located on Rohl Rd, Walloon, and is open for inspection daily from 10am-5pm.