WALLOON BOOM GATHERS PACE WITH RECORD SALES AND $16 MILLION OF HOMES UNDERWAY


16 October 2017 – Media Release


In the biggest boom to hit the town since the discovery of coal in the 1880s, the township of Walloon, west of Ipswich, is undergoing a major transformation with nearly 40 homes worth $16 million to be under construction by the end of the month.

The houses, of which 32 have already begun construction, are being built at the Waterlea masterplanned community.

More homes are expected to be under construction by Christmas following a record number of sales at the project in September. The project attracted 13 sales for the month worth more than $5 million, taking total sales to more than $28.4 million. Waterlea land is priced from $161,000 with house and land packages available from $343,500.

Waterlea Development Manager Andrew Cook said the new houses were part of the community’s first stage of 300 homes.

“This will be one of 13 neighbourhoods within the masterplanned community – a community that will ultimately include 1,500 new homes tailor-made for owner-occupiers and families looking for that special place to call home,” Mr Cook said.

“Once Waterlea’s first 300-home precinct are complete, the next 1,200 lots will be developed over the next five years.”

“Our hope for Waterlea is for it to become a vibrant and environmentally sustainable community full of families who will call it home and bring new economic growth to the area.”

Waterlea homes range from three to four bedrooms with built-in robes and ensuite. Their kitchens feature stainless steel appliances atop stone bench tops while two living areas provide plenty of space and living options for residents.

The project is being marketed by property services group Oliver Hume.

Oliver Hume Managing Director Brinton Keath said Waterlea would continue to gain momentum after construction of the first homes commenced a few months ago.

“Waterlea has been designed and built specifically to satisfy demand from locals for great houses on big blocks,” he said. “Waterlea has the largest average block size of any new community in Ipswich which gives it a real competitive advantage.”

“There is definitely rising interest from buyers looking for the chance to live somewhere where they can experience a great sense of community while being near Brisbane’s CBD, the Gold Coast and the Ipswich CBD.

“With a green backdrop of lakes and parklands, as well as affordable prices for modern houses large enough for the family, Waterlea is giving Ipswich back the great Australian dream.”

Waterlea Walloon’s average sized block is 531sqm with lots up to 800 sqm available.

Mr Keath said communities like Waterlea represented the best value for money house-and-land packages in the western corridor.

“Waterlea’s large blocks of land are being snapped up by growing families looking at Walloon’s future potential. You can’t purchase blocks up to 800sqm in this price range elsewhere,” he said.

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.

Around 117 lots have already been sold across Waterlea’s first and second stage since entering the market in 2016.

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