New Land Launch A 'Sanctuary' For Gainsborough Greens

Mirvac has launched a new stage of land overlooking a conservation reserve at its Gainsborough Greens community in Pimpama.

The launch has come in response to a continuing surge of demand on the back of historic low interest rates, the boosted First Home Owner Grant and sought-after location.

The new release of 'The Sanctuary' features 56 homesites, priced from $210,000, and follows more than $94 million in sales at Gainsborough Greens since January.

The new homesites include a variety of lot sizes, ranging from 12.5 metre to 20 metre frontages, in a prime position adjacent to the conservation corridor, with 65 per cent of Gainsborough Greens dedicated to green open space, the largest percentage of any community on the Gold Coast.

Developed by Mirvac, Gainsborough Greens is situated in the Gold Coast's northern growth corridor with both Brisbane and the Gold Coast city centres in easy reach, appealing to a diverse mix of buyers including first homebuyers, families and empty nesters.

"The past 12 months have been the most active to date at Gainsborough Greens and we've been fast-tracking land releases to ensure a continued pipeline of homesites for buyers," Mirvac Queensland Residential General Manager Warwick Bible said.

"There is no doubt the historic low interest rates and increased First Home Owner Grant, which is now $20,000, has been an incentive for many purchasers to step into the market.

"Gainsborough Greens is standing out because it ticks all the right boxes for young couples and families, as well as retirees and empty nesters, with a strong sense of community and abundance of parks, playgrounds and green open spaces," he said.

Mr Bible said the key aspects of the location is the easy access to the motorway, shops and conveniences available at the neighbouring Pimpama Junction Shopping Village, and an array of schools and sporting facilities.

Young couple Tenille Naidoo and Brad Hefford have recently purchased a house and land package at Gainsborough Greens and said the boosted First Home Owner Grant helped them break into the housing market earlier than planned.

Tenille Naidoo and Brad Hefford"A few weeks after we started shopping around for our first home, the State Government announced the Grant would be increased to $20,000, which was great news for us as it meant we did not have to keep saving before we could purchase," said Tenille.

Gainsborough Greens will feature 2,200 homes nestled among a series of parklands and conservation areas surrounding the Gainsborough Greens Golf Club.

Traditional and golf side homesites, with access to an exclusive resident-only recreation hub and resort-style swimming pool, barbeque area and tennis court at Gainsborough Greens are priced from $210,000.