The initial offering of 150 land blocks at Lilywood Landings in Waraba, formerly known as Caboolture West, has sold out within weeks of release. This swift sellout has prompted developers to accelerate their plans for future stages to meet the overwhelming demand.
Read: First Land Release in Waraba Marks Major Milestone
Construction of Waraba, Queensland’s newest city, commenced in early 2024 and is making rapid progress. The initial infrastructure is well underway, with the first community streets already taking shape.
Lennium Group launched the first stages of land to VIP customers in late July, with prices starting at an attractive $280,000. The blocks ranged in size from 315 to 995 square metres, catering to a variety of buyer preferences. The developer reported approximately 1,500 registrations of interest prior to the launch, resulting in dozens of blocks being sold in the first week alone.
Ian Worthington, Development Manager at Lennium Group, expressed his excitement about the strong response: “It’s not every day that people get the chance to buy the very first land in a brand-new city, and we are delighted with the strong response received.”
Diverse Buyer Profile
While a significant portion of purchasers were first-time homebuyers, the development also attracted interest from those looking to upgrade to a new home in Waraba. The first stage is on track for completion by the end of the year, with construction of the first homes expected to begin in early 2025.
Among the successful buyers were first-time homeowners Isabella Spurdle and Oliver Dorofaeff, both 25. The couple, currently renting in Bray Park, north Brisbane, are looking forward to moving into their new four-bedroom, two-bathroom home in Lilywood Landings around June next year.
Isabella shared her excitement: “We’re renting at the moment, so it’s going to be fantastic to start paying our own mortgage rather than someone else’s. Lilywood is somewhere we can settle down and grow into. We are planning to have kids one day, and it looks like a lovely place to raise a family.”
The couple’s decision was aided by Queensland’s first home owner grant, which provides eligible first-time buyers with $30,000 towards buying or building a new home in Queensland.
Lilywood Landings, situated on Caboolture River Road at the entrance to Waraba, is set to provide over 700 new homes in the coming years. The development boasts an impressive 1.74 kilometres of Caboolture River frontage and more than 23 hectares dedicated to parks and green open spaces.
Residents will benefit from everyday services such as a convenience store and childcare centre. Additionally, Lilywood Landings will feature the region’s first display home village, showcasing more than 30 designs from various local, state, and national builders.
Infrastructure Progress
Recent months have seen a focus on trunk sewer and stormwater construction, ensuring the community is equipped with essential services. The development of services and minor streets is also well underway, paving the way for easy access and connectivity throughout Lilywood Landings.
With the first stage nearing completion, including finished kerb and channel work and ongoing lot preparation, buyers will soon be able to see their future home sites taking shape.
Read: Waraba Development: New Brisbane Satellite City Confronts Soaring Infrastructure Costs
As demand continues to surge, Lennium Group is working diligently to bring forward the next stages of development. Potential buyers interested in calling Lilywood Landings home are encouraged to register their interest in future releases as soon as possible.
Published 26-September-2024
