First home buyers will have a rare chance to secure an entry-level home in one of Brisbane’s growing beachside suburbs.
Orchard Property group has announced sales for stage one of Fairwind Victoria Point: a masterplanned residential community, expected to provide 61 home sites over the next year for people who want to enter the property market.
With the land development expected to sell in four stages, stage one will be selling 14 lots ranging from 380 to 649 sqm in size.
Fairwind Victoria Point development from Orchard Property Group, expected to produce more than 60 home sites for potential first home buyers.
Orchard Property Group CEO Ted Cronin said the new development has already received strong demand, representing a foothold in a popular and expanding region.
“Victoria Point is a very established area,” he said. “Instead of being in one of those up and coming urban sprawl areas, this one already has the amenities in place. So when you get your keys, you already have [retail] and transport networks – all the shopping centres are already there.”
Around 35 minutes from the city, Fairwind Victoria Point has access to several of Redland City’s coastal attractions, and is a short distance from the nature of the Point Halloran Conservation Area.
“Fairwind represents an exceptional opportunity for purchasers seeking a bayside lifestyle with the convenience of an established urban setting,” Mr Cronin said.
The area is 35 minutes from the city, and offers lots from 380 to 649 sqm in size.
Prices begin at $570,000. Fairwind Victoria Point is on stage 1, the most affordable stage for new buyers.
Prices begin at $570,000 for a 380 sqm lot. $605,000 will get you a 649 sqm property wrapped behind other houses in the neighbourhood, and the most expensive package is a 405 sqm lot for $615,000.
Mr Cronin said stage 1 was the most affordable option at the site for first home buyers, as prices on lots may increases as Orchard Property Group moves forward with the remaining stages.
He added while the development was “definitely targeted towards the owner-occupier market” such as first and second-home buyers, more builders had been expressing interested in buying land to build on and sell as complete packages.
”Victoria Point is a very established area … instead of being in one of those up and coming urban sprawl areas, this one already has the amenities in place.”
“In the current environment, builders are buying land off the developers and they’re doing ‘spec homes’.” he said. “It’s a stronger part of the market than it was two years ago … they’re a competing interest, that’s for sure.”
Homes built on the land will be required to meet certain design guidelines for the community, keeping consistency between housings regarding facades, roofs, types of landscaping and quality.
Stage one’s lots will be available to build on in July, with construction on the entire development estimated to conclude in mid-2026.
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