Acreage makes way for housing estates
CFMG Capital has unveiled its new $38 million community Lomandra Park at Bridgeman Downs.Developers are continuing to move on Bridgeman Downs, with a number of new residential estates under construction, about to start or given the green light by council.CFMG Capital is the latest developer to announce it would be constructing a new community in the suburb, which was once dominated by acreage, mansions and small farms but is fast becoming a hub of family homes.The company acquired the sought after 6.38ha site last year. More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThe $38 million Lomandra Park will consist of 90 home sites ranging in size from 450sq m to 583sq m when completed, with prices from $429,000. House and land packages start from $649,000.CFMG Capital general manager Andrew Thomson said he expected the community to sell quickly. “We have already received strong interest in our pre-release campaign to builders and CFMG partners and we would expect this demand to be replicated when it comes to the broader market,” he said. “Quality land close to the city is a rare commodity, not just in Brisbane, but across all of Australia’s capitals. It provides the opportunity for buyers to build a home to their own style and standards while still being within easy reach of important infrastructure.”Mr Thomson said they hoped to differentiate themselves from other nearby projects by offering lots of no less than 450sqm. Construction is expected to start this year and be completed by early 2020.Nearby a number of new estates are under construction including Highfields (Unison Projects), Hampton Rise and Harrington (Ausbuild), Enclave (AVJennings) and Bridgeman Hilltop (Oxmar Properties).Bridgeman Downs is dominated by older or established couples and families and is considered a “high demand market”, according to realestate.com.au. It is 12km from the CBD, and close to healthcare facilities, schools, shops and public transport.