As the popularity of townhouses in Queensland, Brisbane is increasing by the day; more and more real estate developers are finding townhouse property development to be the most lucrative and workable business option. The recent data by Real Estate institute of Queensland (RIEQ) proves the skyrocketing demand for townhouses both from buyers and renters as close to 20% of all the units sold were townhouses – as against a lower rate of increase in sale of other category of units, for example, the three bedroom houses have shown only 3% growth- in Queensland.
Real Estate development is catching up in Brisbane, it is the fastest developing region in the country with the population set to explode to 25% of the entire nations’ population in another 25 years or so, many developmental projects in Health care, commerce, education are being set up in the region. All these developmental projects are creating employment opportunities and driving people to the region, this migration of people has pushed the demand for development of housing projects in the region.
There is a huge demand for house property from buyers, renters and also investors. People are looking for spacious large houses with low maintenance. Townhouses properties are proving to be their best bets offering exactly what investors are looking for.
The growing popularity of townhouses among buyers is attributed to the fact that they are highly affordable and are located closer to cities, with easy access to transportation facilities and also entertainment and shopping centers. As such they provide a great alternative to those looking for a three bedroom house that offer large area, but are not willing to spend resources of time and money in maintenance related activities. This makes townhouses a good option for buyers, renters as well as investors.
Catering to this demand many townhouse developers have started developing ambitious – both in numbers and design- townhouse projects, leading real estate and property developer AR Developers has the lead in this , as they have 200 townhouse development projects across four sites in southeast Queensland alone.
Townhouses were earlier considered investment options, but now it is changing, as more than half of the townhouse buyers are occupiers and not investors. Real estate developers have been experiencing a spike in enquiries for townhouse properties.
Families are showing more interest in Townhouse properties as they are affordable and also get spacious houses. Families can spend time with their kids on weekends in a resort like environment.
A R developments, a leading real estate development company, has been developing townhouse properties in Queensland. Their townhouse project among many others, Aspect Green, their recent townhouse development project at Brightwater, has 67 townhouses in it, to cater to the growing demand for such properties from their clients.
AR developments has acquired specialization in townhouse development with quality and cost always dominating their priority list. Their projects are visually attractive, low maintenance, highly affordable. The company is experiencing a sky rocketing demand for townhouses even for renting purposes to suit lifestyle, convenience and affordability. Brisbane is set to see more and more townhouse property projects in the days to come.
