Riverbank’s first residents
The first residents of Caboolture’s Riverbank estate moved into their new home last weekend.
First home buyers and childhood sweethearts Adam Hunt (22) and Tiffany Bailey (20) were among the first to buy a block when stage one opened last year.
The launch of stage one coincided with the Federal Minister for Housing opening a $10 million traffic bridge to the estate.
Limited managing director and CEO of the developer, Peet, said the bridge was the result of a partnership between the Federal Government, the Moreton Bay Regional Council and Peet.
In response to government funding, Riverbank has offered $15, 000 grants on a limited number of allotments for eligible purchasers, particularly key workers such as emergency services, social services, and health and teaching personnel.
Peet has also offered residents a Flying Start package including professional landscaping and fencing, which Mr Hunt said was an added bonus.
Adam and Tiffany were assisted by the Queensland Government’s Great Start Grant in the purchase of their 640sq m lot.
Mr Hunt grew up locally on his parent’s acreage and wanted to buy a sizeable property in the area.
‘Both of us like animals, we want pets, but we didn’t want to have to move too far out to find some where we could have them, so this estate suited us perfectly,’ he said.
‘We were looking for the biggest block possible. Acreage wasn’t an option. For the size of the land and the price, Riverbank couldn’t be beaten.’
The reasonable price on the land meant the couple could spend more on their four-bedroom, two-bathroom house and had extra funds available for furnishings and fittings.
Mr Hunt said as well as the price, location and size of the lots at Riverbank, he and Ms Baily were attracted to the development because they liked the look of some of Peet’s other developments.
‘We’d seen the quality of the other estates they’ve worked on, so we knew we were in safe hands,’ he said.
Riverbank covers approximately 150ha, around 40 per cent of which has been dedicated to public open space including bushland and landscaped parks along the Caboolture River.
The development includes covenants to ensure that the expected 1200 homes will meet environmentally sound design requirements and targets for water and energy conservation.
It was the first estate in Queensland to achieve accreditation in 4 categories from the Urban Development Institute of Australia (UDIA) EnviroDeveloper Awards (2012).
Stage one has received high interest, with 28out of 70 lots sold, 12 houses under construction, and three display homes nearing completion.
Sites range from 320sq m to 700sq with land prices from $159, 000 and house and land packages from $303, 325.