Forest Springs puts local communities needs first
There is a perception that there is an enormous amount of property for sale in Gladstone.
The facts are somewhat different, according to Forest Springs development manager Callum McAusland.
“While there are over 1200 properties for sale, only 720 are detached dwellings,” he said.
“The remainder are apartments, town houses, units, acreage, rural and so on.
“Of the 720, about 60% are over 12 years old or built during the influx of investment builders in the last four to five years. Those properties tend not to sell quickly.”
Mr McAusland said while the property market had been slow, it was a good time to buy. “The current phase of the property cycle is a buyer’s market,” he said.
“If we were talking about a corresponding phase in the sharemarket cycle we would consider it a good time to buy shares.
“It is also encouraging that there are a large number of lending institutions who are capable and willing to do business with as low as five percent deposit and low interest rates, which makes the buying proposition even more attractive.
“We feel that the market conditions and economic indicators for Gladstone are positive.
“It’s just that Gladstone is suffering from a moderate case of anxiety after the construction workers left town and as soon as we stand up and dust ourselves off we’ll be stronger than before.”
He said the developers of Forest Springs had set a good example placing a high value in employing a local team and local contractors to manage the delivery of the estate.
“This allows us to listen to what the people of Gladstone want – and deliver on that,” he said.
“It also allows us the opportunity to meaningfully engage with our community, recently hosting a Family Fun Day providing $5000 in prizes, whilst raising $5600 for the Gladstone School Chaplaincy program.
“This model has helped Forest Springs become the community of choice for local builders to build their display homes.
“We have five operational display homes and another four builders have expressed an interest. That shows the confidence the local builders have in our larger, flat easy-to-build-on blocks because it saves the buyer money in the long run.
“Our latest release of 21 blocks, The Cascades, range in size from 450sq m up to the more popular 800sq m lots and even one of 1036sq m to accommodate your shed and pool. This release will be finished in midDecember and sales manager Eileen Woodward is selling off the plan now.”
Mrs Woodward said the previous release had been so successful there were only three blocks remaining to build a new home on right now.
“This is why I am so excited to bring on our new release and we have interest registering already,” she said.
After the Cascades release, Forest Springs doesn’t expect to bring on anymore blocks until early 2017.
The Forest Springs masterplanned community extends to both sides of Kirkwood Rd and includes an approval for a ‘bulky goods centre’.
“We see Forest Springs being a hub in its own right, centred around the commercial retail centre which houses Woolworths, Caltex, McDonald’s and other outlets, including a childcare centre,” said Mr McAusland.
Source: The Gladstone Observer