Sales Boom at Master Planned Land Estate in Geraldton Defies Predictions of Gloom and Doom for Mid West Real Estate
Announcement posted by Geraldton Heights Estate 19 Jun 2014
Developer of Geraldton Heights Estate reveals why new homes continue to outperform the rest of the real estate market.
Geraldton, WA, 19 June 2014 - Despite predictions of gloom and doom for any economy affected by the mining industry, regional WA has outperformed Perth in the March housing statistics, according to REIWA. The median home price in Perth as of the March 2014 quarter is $553,000, representing a rise of 0.7%. This number is seen as a disappointment by most WA economists. In addition, apartments are at $445,000, representing a 1.0% loss.
On the other hand, the median price for a home in regional WA is $393,000, representing a rise of 3.4%. The median apartment price is $343,000, which represents a rise of the same magnitude: 3.4%. While mining areas such as Kalgoorlie, Port Hedland and Karratha are cited as being “flat” markets, regional performance is still higher than that in Perth.
The New Home Factor
According to Madeleine McErlain, Marketing Manager for Geraldton Heights Estate and 4Land Property Group, sales at Geraldton Heights Estate are booming: “We recently began offering land blocks in Stage 2 of Geraldton Heights Estate. More than half of them are already sold or under offer. Stage 1 became available in 2013, with all but two of the blocks selling out almost immediately after becoming available. In other words, business is booming at Geraldton Heights Estate.”
Ms McErlain continued, “It is no accident that new homes outperform established homes in most markets. At 4Land Property Group, we have been consistently able to offer a new home in a master planned estate for less money than the median established home in its respective market. A new home costs a bit less and the building can be depreciated for tax purposes as early as the first year and for many years thereafter.”
Geraldton Heights Estate
Geraldton Heights Estate is a master planned estate located ten minutes away from the Indian Ocean and the Geraldton CBD. It provides quick and easy access to all of the amenities and infrastructure that Geraldton has to offer. It is slated to eventually include 2,500 homes, along with a town centre, shops and and other infrastructure.
Land blocks start at 2,000 m2 for as low as $129,000. The Estate works with all the prominent builders in Geraldton but also allows land buyers to use other builders.
Ms McErlain credits the success of Geraldton Heights Estate to the value it provides its homeowners. According to Ms McErlain, “There is a reason that Geraldton Heights Estate outperforms the market: it is great value. We are providing a large block of land in a sea change destination known for its recreational opportunities. In addition, Geraldton is growing, and poised for long-term capital growth. Geraldton offers great value for money.”
Geraldton Heights Estate is a master planned land estate developed by 4Land Property Group. Located adjacent to Geraldton, the Estate offers 2,000 m2 blocks of land starting at $129,000. To learn more, call (08) 9301 4445 or visit their website: http://www.geraldtonheights.com.au/.
On the other hand, the median price for a home in regional WA is $393,000, representing a rise of 3.4%. The median apartment price is $343,000, which represents a rise of the same magnitude: 3.4%. While mining areas such as Kalgoorlie, Port Hedland and Karratha are cited as being “flat” markets, regional performance is still higher than that in Perth.
The New Home Factor
According to Madeleine McErlain, Marketing Manager for Geraldton Heights Estate and 4Land Property Group, sales at Geraldton Heights Estate are booming: “We recently began offering land blocks in Stage 2 of Geraldton Heights Estate. More than half of them are already sold or under offer. Stage 1 became available in 2013, with all but two of the blocks selling out almost immediately after becoming available. In other words, business is booming at Geraldton Heights Estate.”
Ms McErlain continued, “It is no accident that new homes outperform established homes in most markets. At 4Land Property Group, we have been consistently able to offer a new home in a master planned estate for less money than the median established home in its respective market. A new home costs a bit less and the building can be depreciated for tax purposes as early as the first year and for many years thereafter.”
Geraldton Heights Estate
Geraldton Heights Estate is a master planned estate located ten minutes away from the Indian Ocean and the Geraldton CBD. It provides quick and easy access to all of the amenities and infrastructure that Geraldton has to offer. It is slated to eventually include 2,500 homes, along with a town centre, shops and and other infrastructure.
Land blocks start at 2,000 m2 for as low as $129,000. The Estate works with all the prominent builders in Geraldton but also allows land buyers to use other builders.
Ms McErlain credits the success of Geraldton Heights Estate to the value it provides its homeowners. According to Ms McErlain, “There is a reason that Geraldton Heights Estate outperforms the market: it is great value. We are providing a large block of land in a sea change destination known for its recreational opportunities. In addition, Geraldton is growing, and poised for long-term capital growth. Geraldton offers great value for money.”
Geraldton Heights Estate is a master planned land estate developed by 4Land Property Group. Located adjacent to Geraldton, the Estate offers 2,000 m2 blocks of land starting at $129,000. To learn more, call (08) 9301 4445 or visit their website: http://www.geraldtonheights.com.au/.