New land at Clarenza on market as property outlook is bright
A GRAFTON land developer is testing the homebuying market's appetite for super-sized blocks with the opening of a new estate at Clarenza this week.
The signage will go up on Robert Warwick's Warwick Farm Estate today, with agents Elders Real Estate Grafton reporting interest in the development already.
Mr Warwick said the development offered 19 fully serviced blocks about 4000sq m and one half that size.
He said stage one of eight blocks would determine if the development continued.
Once the development is registered it must have road access to all blocks.
"We haven't registered it yet as a development," he said.
"After we see how sales go, we will move onto that in stage two.
Mr Warwick said he had been heartened by a report from business analysts BIS Shrapnel earlier this year, which predicted the Clarence and Coffs Harbour regions would be among the top areas in Australia for home building.
"The stats in there were quite impressive," he said.
"I don't know if it will translate to sales here, but it's certainly a good story for the region."
Elders sales professional Terry Deefholts said he expected a firm offer on a block in the estate today.
He said the blocks ranged in price from $145,000 for the 2000sq m plot to $165,000-$189,000 for those about 4000sq m.