Mortgage repayments can be cheaper than rent in growth suburb

first_imgEden’s Crossing in Redbank Plains.Lots start from $179,000 for 375sq m with house and land packages from $364,540 after the first homeowners grant is applied.Peet Limited managing director and CEO Brendan Gore said Redbank Plains had been one of the fastest growing areas in South East Queensland over the past 12 months and a star performer because of its proximity to the city and established facilities.“Eden’s Crossing is a very attractive proposition for first home buyers, particularly this financial year with the $20,000 first homeowners grant which ends on June 30,” Gore said.“It means new buyers can secure a brand new house and land package from as little as $350 a week, which is a very attractive alternative to renting.”Community facilities are progressing rapidly, with work starting on the extension of Mt Juillerat Drive which will give traffic from Eden’s Crossing direct access straight onto Centenary Motorway and shave approximately 15 minutes off the driving time to Brisbane CBD.Gore said house hunters were also drawn to Eden’s Crossing because of its high value recreation assets with 35ha of land to be dedicated to green space, with four big parks, cycle paths and sports fields. Eden’s Crossing display centre.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoAccess to good education is also important for the family, with a daughter in high school and two younger boys in middle and primary schools.The new Fernbrooke Primary School, which opened this term, is located right next to the estate, as is Staines Memorial College.“We are living in a great country and will be moving into what I reckon is the best part of the region,” Mackay said.The new Stage Three Cedar release, is located within 400m of Fernbrooke Primary School, south of Stage Two. Lukas Mackay (middle back) with wife Veronica (middle right) and their three children are looking forward to eventually moving into their new home at Edens Crossing estate. Picture by: Jono Searle.THE Ipswich growth corridor just keeps on firing with Eden’s Crossing in Redbank Plains releasing 27 new lots next month (May) to keep up with demand.The developer, Peet Limited, is reporting record sales since acquiring the estate five months ago, with three stages selling since October.Lukas Mackay, his wife Veronica and their three children are just one of the families looking forward to moving into the growth area.Set to be their first new home since emigrating from South Africa four years ago, the family are looking forward to their expected October move in date.“I tell you we are all so excited. It’s just awesome,” Mackay said. “We just didn’t want to wait any longer to put down permanent roots.“I can see the community is a great investment. With the amount of growth going on, the area is just going to get bigger and more valuable in the future.”The family are currently renting in Springfield Lakes. Mackay, an automotive machinist, said they were attracted to Eden’s Crossing by the affordable 500sq m block which has plenty of space for the four bedroom, two bathroom home they’ve chosen, plus room for a pool in the future.last_img