Gainsborough Greens tees up 1000th settlement

Mirvac's residential development Gainsborough Greens in Queensland's Pimpama has finalised its 1000th sale, with the region being named Australia's fastest growing housing market by the Housing Industry Association.

The development has cleared $275 million in sales since it was officially launched to the market in 2011.

More than 150 homesites have been taken in 2017, totaling $41 million.

Mirvac Queensland Residential General Manager, Warwick Bible, said the high demand for property in Gainsborough Greens, one of the largest masterplanned communities underway on the Gold Coast, was driven by a number of factors.

"Buyers can build a brand new home in Gainsborough Greens for less than  it would cost to purchase an older-style home, which may require renovation, in the central Gold Coast, just a few minutes drive south," he said.

"Considering recent figures from CoreLogic revealed the median house price on the Gold Coast had hit a record high of $600,000 in the 12 months to December, the starting price for house and land at Gainsborough Greens, which is currently $482,910, offers great value.

"There are also significant benefits that come with building a new home, such as the ability to choose the design and layout that best suits your lifestyle, including the latest fittings and finishes.

"The design of Gainsborough Greens and the location in Pimpama added to the appeal, with the community attracting a range of buyers, from first home buyers through to upgraders and empty nesters.

"A lot of purchasers comment on the green leafy surroundings and the community atmosphere at Gainsborough Greens, both of which we have significantly invested in.

"Around 65 percent of the community is dedicated to green open space, including parks and natural bushland reserve, and we have a regular calendar of events for all our residents, and the broader community, to enjoy.

"The location, with quick access to the motorway, also makes commuting to both the Gold Coast and Brisbane CBDs easy, and the ever-expanding array of infrastructure in the area, including some of the city's newest schools and shopping villages, adds to the lifestyle for residents."

Shane Stefanac and Melissa Gilmour will move into their new four-bedroom home at Gainsborough Greens later this year, after purchasing a homesite in the Pimpama community.

Mr Stefanac said the couple initially had their sights set on buying an existing home, until he discovered Gainsborough Greens by 'accident'.

"I came across Gainsborough Greens while going for a ride on my motorbike and thought it looked like a really nice community," he said.

"I had such a good feeling about the area that I went home and spoke to Mel about it and a week later we had purchased a block of land to build our dream home.

"We had been looking at existing homes for a while, but had been unable to find one that featured everything we were looking for in our price range.

"At Gainsborough Greens, Mel was able to design our new home from the ground up, just the way we wanted it. It is really nice to know we can build our home without the hassle of having to renovate."

"We decided to sell our apartment in Biggera Waters to build our new home.

"Both Mel and I love that there is so much natural bushland. It reminds me of growing up in Mudgeeraba and that rural feeling.

"It is definitely the perfect location to raise a family, halfway between the centre of the Gold Coast and Brisbane.

"Mel and I both work in Labrador, so it is really easy to get to work on the motorway and we also spend a lot of time in Brisbane with friends.

"Gainsborough Greens is really the perfect location for our lifestyle."

The Housing Industry Association named Pimpama as Australia's fastest growing housing market in its 'Population and Residential Building Hotspots 2017' report, based on population growth and residential building activity.

Homesites at Gainsborough Greens are priced from $246,000.  For more information, click here.