RESIDENTIAL PROPERTY

Sekisui House capitalising on surge off the back of HomeBuilder

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SEKISUI House Australia has brought forward the launch of its fifth land release in Ecco Ripley’s Lighthaven neighbourhood, after the announcement of the federal government’s HomeBuilder grant sent sales and enquiries soaring.

Ecco Ripley has experienced 275% growth in sales when compared to the same time last year, and enquiries are up by close to 30% since the early June unveiling.

The $25,000 HomeBuilder grant is eligible for homeowners to build or renovate new homes that would be worth less than $750,000, including the land, until December.

Numerous developers, including Stockland, Cedar Woods, Peet, and Tamawood have reported increased enquiries as a result of the grant, while a majority of first home buyers expect the grant to significantly increase activity in the property market.

“When the HomeBuilder grant is combined with the Queensland First Home Owners’ Grant, buyers have the opportunity to access up to $40,000 towards their new home and this is driving additional sales growth,” Sekisui House project director, Taku Hashimoto said.

“In June alone, close to 70% of our Ecco Ripley buyers took advantage of both grants, which has resulted in the accelerated fifth land release.”

Located within the $2 billion master planned community in the Ripley region, There are currently 33 lots available ranging from 264 sqm to 692 sqm, with prices starting at $172,000 and land registration expected by October this year. Products available are house and land packages or ready built homes, both with single and double storey, and three and four bedroom options, or construct with a builder of choice.

Single storey homes of up to 250 sqm have a guaranteed build time of 16 weeks, and 20 weeks on double storey homes up to 280 sqm.

All Ecco Ripley homes are located within 200 metres from parks and facilities.

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