Property Development

Southeast suburb set to swell

Written by The ReReport
As seen in the Source link, written by on 2018-12-28 06:30:45

A streetscape of Peet Limited’s Flagstone display village.

Families are moving to Jimboomba in droves, with the population to increase to more than 80,000 people within 20 years.


Own your own motocross track

That’s according to @Realty agent Bill Williams, who said the increase would be largely driven by land availability and affordability compared to other areas in southeast Queensland.

“The median house price is currently about $518,700 and we have seen growth in values of around 14.2 per cent over the past few years,” Mr Williams said.

An aerial showing the new residential areas with some of the new regional park facilities in the foreground at Peet Limited’s Flagstone development.

“I expect this growth trend to continue on to 2019.

“Most purchasers come from Brisbane’s south side, however we have also welcomed some interstate buyers looking for affordable acreage.

“The real drawcard for Jimboomba is that it appeals to everyone from those looking for traditional family home sites through to 20 acre lots, all within an hour of the Brisbane CBD.”

Kids are already playing at the newly opened playground.

One of the biggest playgrounds to be built in southeast Queensland was opened in the suburb just in time for the school holidays on December 15.


Developer Peet Limited managing director and CEO Brendan Gore said the monster playground was a gift to the community.

“We are extremely excited and proud of what this facility provides for our community,” Mr Gore said.

“The opportunity to unveil this new stage and bring some adventure to the school holidays is our gift to the many parents and grandparents who are looking for free activities to entertain the children this summer.

“Greater Flagstone is one of the biggest new residential areas in Australia with more than 20 families moving in to Peet’s Flagstone City every month.

“We are building a city for the future and we want it to be an exciting place for the many families who live here and a key destination to encourage visitors to the region.”

The new adventure playground at Flagstone, Jimboomba.

“Located halfway between Brisbane and the Gold Coast, Flagstone is one of the biggest new residential communities in southeast Queensland,” Mr Gore said.

“Over the next 30 years, the $6.7 billion development will grow into a satellite city with 12,000 homes and a CBD featuring shops, offices with plans for a future hospital, tertiary campus and train station set in 330ha of green space.

“More than 6000 people have already discovered life in Flagstone, which is a thriving neighbourhood with schools, shops and community facilities.”

According to CoreLogic, the bargain property of the year was at the start, when a 1
975-built three-bedroom home on 1042sq m sold for $295,000 on January 12.

The top sale was a 24.73ha amalgamation of six titles, at 107-117 East St, Jimboomba, which sold for $2.8 million on July 3.

The East St properties sold to developer QM Properties Pty Ltd.


Home with side hustle of llamas, pizza yurt

Brisbane skyhome fetches millions

According to CoreLogic Market Trends data to September, 150 homes were sold in Jimboomba in the year at a median sales price of $530,000, which was 8.2 per cent up on the previous year and 23.3 per cent more than five year prior.

The median days on market was 63 days, and people tend to hold on to their home for an average of 11.8 years.

The median rent was $420.