Go west to go big as Waterlea unveils latest large land release


July 2017 – Media Release


Waterlea Streetscape Model edit

The latest release of land at the new Waterlea masterplanned community at Walloon will leverage continued demand for large blocks in the Ipswich growth corridor with lots ranging in size up to an extremely rare 617 sqm.

The release of Stage 2B at Waterlea includes 29 lots ranging in size from 375 sqm to 617 sqm and prices starting from $156,000. The new release follows strong demand from buyers that has seen 150 lots worth nearly $25 million sold since the project was launched late last year.

On completion Waterlea will comprise a total of 1,500 homes with a projected population of 4,500 residents spread across eight neighbourhood precincts connected by parks, hiking and bike trails. The project is close to a range of existing and planned infrastructure including schools, shops, Walloon train station (13 minutes to Ipswich) and the Amberley air force base.

Waterlea Development Manager Andrew Cook said the new release would continue to leverage Waterlea’s reputation as the home of the big block in the Ipswich growth corridor.

“While not as big as some of the blocks we have already sold, this release includes at least nine blocks that are 600sqm or bigger,” he said. “The whole project has been designed to fill the gap in the market for people looking for larger sites with wide frontage.”

The average lot size at Waterlea is nearly double the average size of other projects in the area.

go-west-chart

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

Oliver Hume Queensland Managing Director Brinton Keath said communities such as Waterlea represented the best opportunities for entry-level house-and-land packages included the western corridor.

“Waterlea has been fully designed around the shortage of large lots within the new housing market. We’re confident the project will be known as the home of the ‘big block’.

Mr Keath said buyers were rejecting opportunities to own inner-city apartments in favour of purchasing land that can accommodate a big backyard for children while being close to amenity.

“The developers saw a shortage in the market for large, family-size lots and have looked to capture this market. We predict that capital appreciation on these bigger blocks should be stronger in coming years as blocks of this size become harder to find across Brisbane and surrounds.”

Mr Keath said larger lots offer greater opportunity to spend more money on the design and appearance of a home.

“There’s a focus on designing healthy, liveable, family-oriented spaces, as part of a backlash against a stream of apartment buildings with small floorplates and restricted natural light. Buyers can achieve a spacious outdoor entertainment area, a pool, plus a big backyard,” he said.

“Families can have it all, without compromising on the design of a bigger home,” he said.

Waterlea is located next to the established township of Walloon which features a railway station linking directly to the Ipswich CBD, connecting through to Brisbane’s CBD. The community is located 10 minutes from RAAF Base Amberley which is set to undergo a $1.5 billion upgrade.

The first precinct of Waterlea Walloon, consisting of 300 homes, will be complete by the end of this year, with the next 1,200 lots to be rolled out over the next five years.

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