The fastest selling land development on the Gold Coast is… Gainsborough Greens

New data from the National Land Survey Program has revealed that Gainsborough Greens, a Pimpama development from Mirvac, is the fastest selling land development on the Gold Coast.

The house and land masterplan is set to be the Gold Coast's largest masterplanned community, in an area that 'virtually doubled' from 2006 to 2011, and in February Property Observer reported that interest was at an "all time high" in the area.

{qtube vid:=PVKhkCCXLcA}

The development was reported as having an 11% market share of the land sales in the area over the past three quarters, at 88 of a total 822 sales. This was for between April and December 2013, of which the December quarter was the busiest period for the house and land development – with 43 sales.

In September last year Mirvac announced a record number of sales in the development for Gainsborough Greens, which will include 2,200 homes upon completion. The Pimpama community concept launched in late-2010.

Russell Berlee, the masterplanned communities Queensland development director for Mirvac, said that location, affordability and quality were at the heart of Gainsborough Green's result, with the northern part of the Gold Coast performing well due to the ready availability of land.

"Gainsborough Greens is well positioned to benefit from this growth, and our home and land prices - starting from just $370,000 - are among the most affordable on the market, so we are getting a lot of interest from young couples and families looking to live in a brand new community at great value,” said Berlee.

The site includes a gold course, recreation centre and parks, with over 65% of the site for green spaces.