Despite record low interest rates, affordability is still a key issue for many real estate purchasers in today’s market.
Given the ongoing difficulties for buyers to obtain finance and grappling with affordability in the inner and middle ring suburbs of Brisbane, the team at EkkoPoint Properties has seized the opportunity to provide a genuinely affordable alternative residential home called the “Town-Villa”.
Designed by award winning architect Paul Butterworth, the Town-Villa has the features of a duplex townhouse with 180 degrees of natural light. It also provides some key features sought by residential buyers that are not ready to dwell in apartments or flats – private external spaces and internal access to lock-up garages (as preferred to common area car parks) along with designer finishes such as stone bench-tops and DeLonghi appliances.
The latest project from EkkoPoint, Carseldine Close, is situated at 235 Lacey Road and forms another quality urban infill development situated within the vibrant and established community of Bald Hills sitting right on the border of Carseldine, just 15 kilometres from Brisbane’s CBD.
Carseldine Close combines a sharp sense of urban design with quality finishes and a modern design vernacular featuring these game changing Town-Villas and offers excellent access to schools, shops and public transport as well as the Bruce Highway to the west and The Gateway arterial to the east.
“Having completed several hundred townhouses in the Carseldine area over the past five years, we are always struggling with how to tackle affordability for first home buyers, down-sizers and retirees,” says Brad Beh, EkkoPoint’s General Manager. “We have had great success in the local townhouse market and even when we undertook drastic cost cutting to a typical three-bedroom, two-bathroom, single garage double-storey townhouse, we could not hit that key affordability benchmark of $350,000 without completely compromising the size and thus liveability of the product.
“Knowing we simply could not produce any traditional style townhouse that came in at this budget, the Town-Villa idea fundamentally defines a new development type for Brisbane that doubled density within the footprint of a standard townhouse without increasing building height, reducing owner / occupant amenity, sense of individual address or private outdoor space.
“In the past the Town-Villas have proved popular with both owner occupiers and investors as the affordability of these dwellings was approximately 15-20% below the market for comparable dwellings and are amongst the most affordable residential stock in South-East Queensland. With construction due to commence in late August, local buyers should get in now before the southern investors snap all of the available stock up.”
Visit www.ekkopoint.com.au for more information.