Our latest development fronting the Oxley Golf Club
We recently (November 2018) launched our latest residential development in Brisbane having recently obtained full council approval. The project is ideally located in Brisbane’s South Western corridor in the suburb of Oxley just 11km from the CBD. The site is in a great spot and faces North towards the Oxley Golf Club. Established bush land surrounds the already cleared site of over 4000sqm. Presales have commences with a number already under contract. Construction is set to commence in Q1 2019.
Brisbane City Council has approved our development application for 14 x 4 bedroom Town Homes and 6 x 3 Bed Town Homes. The majority of the new properties have double lockup garages. We knew how important it would be for our new owners and tenants to have space to store their car to access the many employment nodes surrounding the estate. Not to mention high frequency bus route stops are only 300m walk away as well as the local shopping centre and Oxley Tavern.
The new estate will be called “argyle greens” which subtly references the views the town homes will have over the fairways of the Oxley Golf Club. Holes 11 and 12 are directly in the fore with the lagoon in the backdrop.
What is unique about this project is that it is the last possible residential redevelopment opportunity surrounding the Oxley Golf Club. This is owing to not only a shortage of suitable land but also recent changes to council urban planning parameters which will put the breaks on any new developments in the area. What this will do is decrease supply of new dwellings in the area, creating long term scarcity which will surely provide capital growth for our new owners. The golf course aspect truly is a unique selling point for this part of Brisbane.
The best part about the project however is the pricing with all available lots priced at under $490,000 even for the 4 bedroom, 2.5 bathroom and double garage town homes. Luxury inclusions for all town homes as standard are ducted air conditioning, waterfall caesarstone benchtops and full height 2.7m ceilings throughout.
For first home buyers, they will be eligible for the full Queensland State Government $15,000 first home buyers grant as well as a full stamp duty concession. At Red & Co., we can assist, at no cost, with obtaining finance for the purchase of your new Town home.
For investors, the pricing proportionate to expected rent will be great for yields and cashflow. Generous depreciation benefits also exist. Tenants will love that argyle greens is in a great position for families, employment and leisure. Every possible amenity is nearby and the city is only 20 minutes away. The Brisbane City Council’s $100million regeneration of the Oxley Creek catchment over the next 10 years is only going to make this corridor of Brisbane a more desirable place to live.