Metro's Corinda Estate Attracts Strong Buyer Interest

Prime land in Brisbane’s western suburb of Corinda has attracted more than 400 registrations at a new riverside land development that is still nine months from being launched.

Disability care group

Montrose Access sold the site to Brisbane-based

Metro Property Development in 2013, who are expected to build a residential estate, and settlement is due in December.

The land will feature a total of 34 home sites, including 10 riverfront, with blocks ranging from 450 square metres to 1,005 square metres.

The launch of the residential project is expected early next year once lot titles are available.

In an interview conducted by News Limited, Ray White Marketing Agent Cameron Crouch said he was not surprised the project had generated such strong buyer interest, given that it was a rare chance to secure riverfront land in an upscale inner-western suburb“The development potential of home sites is enormous,” Mr Crouch said.

“Buyers will be able to build a very special property in a prime position close to transport and amenities.”

Metro CEO Luke Hartman said the site was its first residential infill development in Queensland and further proved the company’s confidence in the Brisbane market.

“The Brisbane property market offers great value compared to other Australian metropolitan markets,” Mr Hartman said.

Montrose, an establishment founded in 1933 to help children following the polio epidemic, has reinvested the sale proceeds into two new facilities, a $2.6 million six-bedroom respite centre at Yeerongpilly and a corporate services and therapy centre at Darra.