LOCAL investors are embracing Newland Developers $23 million Riva Vue as the Murwillumbah estate promises a strong investment opportunity.
A total of 51 blocks of land have now been sold from a dominant buyers market being driven by investors from the Murwillumbah and Tweed regions.
Equally as interesting is the fact that according to a recent market research report conducted by Metricon, more than half (56.5 per cent) of all buyers are from the Murwillumbah community, signalling a strong vote of confidence in the development.
Riva Vue has been hailed as the perfect investment option, offering buyers the unique opportunity to purchase a house and land package within one of the strongest growth areas of the Tweed Coast, while still being able to enjoy the country lifestyle.
Newland Developers development manager Dale Scotcher said it was a ‘no brainer’ as investors can buy a new house and land package for less than they would for an existing home in the area.
“Investors are realising that it’s cheaper to purchase a new house and land package than to purchase an existing, older home in the area, and those who purchase now can enjoy the benefits of capital growth as demand for the development and Murwillumbah continues to grow,” said Mr Scotcher.
“Investors are looking for the perfect combination of price and location in order to reap returns and we believe Riva Vue offers all of the above and more.”
Marketing agent Lance Cotterill of North Estate Agents, said Riva Vue offered buyers the best value for money in terms of future capital growth due to its close proximity to the town centre and breathtaking views across Mt Warning.
“We have experienced many enquiries from the community, with local residents looking to invest in a new home in a modern development set to reap returns, yet still located within the idyllic surroundings of Murwillumbah alongside the Rous River,” he said.
“More than 95 per cent of all enquiries through the sales office have originated from the local market including areas as far south as Byron Bay and as far north to the Gold Coast.
“Each block is well appointed to capture the unique aspects of the environment surrounding this development, and the location is perfect with just a short walk to the town centre, schools and sporting fields.”
The launch of Stage 3A features a variety of land configurations to suit all variations of home designs. The latest stage offers buyers the choice of 15 spacious flat blocks and six sloping blocks ranging in size from 639sqm to 1010sqm.
Riva Vue land prices start from just $165,000 or $359,955 for a new house and land package. The estate allows buyers the freedom to choose the perfect block of land to suit their individual lifestyle requirements.
The estate, located off Barnby Street, Murwillumbah, in far north NSW, covers 24.5ha within the heart of the Tweed Valley.
For further information about the Riva Vue development please contact Lance Cotterill from North Estate Agents on 1800 047 146 or visit www.rivavue.com.au.