The Parks defying slow property market trend

The Parks top of the property wish list

The burgeoning Sippy Downs master planned community Chancellor Village is moving ahead in leaps and bounds with construction of stage one of residential development The Parks now well underway.

Managing Director of Insite Realty and project marketing specialist for The Parks, Peter Kinchin said the development had defied the trend of slowing property market sales, with 15 contracts prepared in the last month alone.

"The Parks has received a lot of interest from clued-up investors over the last few months who are jumping at the opportunity to secure an investment property with strong rental prospects and huge capital gains potential," Mr Kinchin said.

"Investors are well aware that approximately 7,000 people are predicted to move to the Sippy Downs region by 2012."

"With such huge population growth forecast and a shortage of land in the region, it is evident the apartments will be in high demand for years to come."

Mr Kinchin said the development's low entry price had also proved to be a particularly strong drawcard among investors and home-hunters.

"Affordability and value for money are top of every buyer's list at the moment so it's no surprise The Parks apartments have been so popular," Mr Kinchin said.

"Housing affordability has long been an issue on the coast, and The Parks is one of the few housing alternatives that offer a prime location for a minimal monetary outlay."

Mr Kinchin said The Parks' location in the heart of Sippy Downs meant the University of the Sunshine Coast, retail outlets, medical facilities, a child care centre, cafes, parks and playgrounds were all within walking distance.

"The development's close proximity to the proposed Sippy Downs Town Centre also ensures those looking to rent in the region will view The Parks as the top spot based on convenience and centrality," Mr Kinchin said.

The Parks includes recreational facilities such as a resort style swimming pool, undercover picnic and barbecue facilities and an onsite manager.

Architecturally designed two bedroom apartments are now selling for an incredible $297,500.

To find out more, contact the The Parks sales agent on 0411 211 586, visit The Parks sales team at Insite Realty, Shop 7, 11 Chancellor Village Blvd, Chancellor Park.

The Parks Chancellor Village
Amber James Consulting
20 August 2010

Permanent Link: The Parks defying slow property market trend
Publish Date: 21 Aug 10