Australand's Green Quarter a sell out totalling $21.4 million

The second and final release of the Green Quarter in Australand’s $500 million Hamilton Reach project has sold out, with the last residence snapped up last month for $995,000.

The final release of the Green Quarter was launched in October last year and offered 10 environmentally stable terrace homes priced from $980,000 to $1.45 million.

Stage two of the Green Quarter totalled $10 million in sales, with the Green Quarter totalling $21.4 million overall.

Designed by Rothelowman White, the terraces are designed to reduce energy and water consumption.

“We combined a unique and eco-smart product to a prized riverfront location and it proved a very potent mix for buyers,” says Australand general manager Queensland residential division Cameron Leggatt.

“It is an unmatched product so far in the Northshore Hamilton area, and the robust pace of sales that we’ve experienced here reflects that,” says Leggatt. 

Leggatt says the final releases of terraces were aimed at owner-occupiers, empty nesters and older families with teenagers.

The first stage of the Green Quarter includes 12 homes, all of which have been snapped up.

Construction on the second release has commenced, with a scheduled completion date of December.

The Hamilton Reach development is located six kilometres from the Brisbane CBD in north shore Hamilton and is bordered by 530 metres of river frontage and 2.5 hectares of Northshore Riverside Park.