First home buyers in South East Queensland are finding a new foothold in the housing market, thanks to Caboolture’s latest master planned community, Central Springs.
Central Springs claims to be at the forefront of the Moreton Bay region's suburban housing revolution, as first home buyers have made up around 70 per cent of the development’s sales to date.
Construction is already underway on the QM Properties project, and will see at least 1000 brand new homes completed by 2023.
QM Properties' General Sales Manager Damien Ross said first home buyers have already recognised the appeal of calling Central Springs home.
“First home lending and buying is certainly on the rise in Queensland, and it’s great to see people considering the Caboolture and Moreton Bay region.
“Growth in the area, attractive house prices and its proximity to Brisbane’s city centre make Central Springs an appealing and affordable option for first home buyers.”
Australian Bureau of Statistics Housing Finance data released in March revealed that financing for Queensland owner-occupied dwellings rose by 3.5 per cent over the past year; 13.4 per cent of which were first home buyer commitments.
“This latest data quashes concerns that first home buyers are being pushed out of the market by investors,” Mr Ross said.
“We have also seen a large amount of interest from the local first home buyers with 83.3 per cent of our buyers already living in the Moreton Bay area, which shows great faith in the region.
“Many of our buyers are people who have grown up in the area and want to remain close to their family and local community."Central Springs is set on more than 400 acres of premium land and will feature its own community shops, recreational spaces and a 12.5 hectare lake.
