Buyer interest in Villa World’s 726-lot Killara residential community at Logan Reserve is on the rise following the opening of the long-awaited sales centre. —
The major new development, located on Chambers Flat Road, has benefitted from completion of roadworks giving homebuyers easy access to the site and their first close-up view of Killara.
Villa World, a national property developer with more than 30 years’ experience in delivering award-winning residential communities and headquartered online at villaworld.com.au, has been encouraged by the strength of buyer activity at Killara since December.
"With plans to implement a full marketing campaign over the coming weeks, and the sales centre now open, we believe that sales and enquiry will increase significantly," said Villa World’s general manager of operations Michael Vinodolac. "So far, feedback from the public and builder partners has been extremely positive due to Killara's excellent location, sense of connectivity and affordability."
Killara, located in a bushland setting on Chambers Flat Road, has already sold 10 lots with a further seven contracts issued, and 21 expressions of interest received.
The first stage of the Killara development is selling from $178,000 with lots ranging from 301sqm to 587sqm.
The master plan includes 726 home sites, featuring five boutique precincts to suit families at varying stages in life.
Killara’s master plan will deliver a diverse range of housing types surrounded by outdoor recreation facilities including adventure trails, playgrounds and barbecue areas.
The community is close to a range of public and private primary and secondary schools including Canterbury College and St Philomena School.
A new report by Domain has revealed the value of being close to schools, with Logan Reserve Primary School ranked as the country’s second best catchment zone for property price growth.
Domain has found median property prices in the Logan Reserve State School catchment area surged 40 per cent in the past 12 months. It was the only Queensland school in Domain’s national top 10.
The current buyer demographic at Killara is predominantly first-home buyers and young families looking to upgrade into a new home.
"Killara is a fast-growing region that is proving popular for buyers seeking affordable homes," said Mr. Vinodolac.
The City of Logan’s population is expected to grow by approximately 200,000 over the next 20 years, or almost double the existing population of more than 300,000.
"This is a strong growth region that, while affordable, benefits from its proximity to major employment opportunities in both Brisbane and the Gold Coast," said Mr Vinodolac.
Villa World has stepped up its interest in the City of Logan with last year’s acquisition of 1,500 housing lots at Greenbank. This followed the sellout of The Sanctuary, an 81-home development within the award-winning Woodlands masterplanned community.
The Killara sales centre is open between 10am and 5pm daily.
For more information about Killara, visit villaworld.com.au/killara or call 1800 874 993. To learn more about other Villa World communities, visit the company's website at http://villaworld.com.au.
About Villa World:
Creating value through quality craftsmanship, design innovation, and enduring relationships, ASX-listed Villa World has been one of Australia's top residential home builders for more than 30 years.
Release ID: 194741