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Strong Demand For Land
Buyer response to the release of Tannum Waters Stage One has been very strong with a high proportion of the initial 108 homesites offered now taken. Interested buyers should contact the Tannum Waters Development Office in Gladstone for further information about the selection of lots still available.
The average size of vacant lots is 800 square metres with an average 20 metre street frontage. Land sale prices range upwards from $200,000 with an average lot price of $210,000.
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Calliope Council Shire Mayor George Creed, OAM, Chairman JV Board Mick Lyons and Chairman Reward Advantage Developments Murray Nugent unveiling the official plaque launching the Tannum Waters project on 14 September 2007
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Attractive Buyer Inclusions Package
All buyers of land in Tannum Waters will benefit from an extensive inclusions package covering retaining walls, fencing, landscaping, exclusive 3G mobile telephony plus FTTP (Fibre-To-The-Premises) telecommunications for the delivery of high speed multimedia services including digital television.
The quality and range of inclusions being provided by Reward Advantage Developments are considerably more attractive than the level of inclusions normally offered by developers of large-scale new residential developments today.
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Builders' Finance Package
Tannum Waters has been designed to become a special place with outstanding lifestyle, environmental characteristics and community facilities. In order to help achieve the vision for Tannum Waters, Reward Advantage Developments is offering a special builder financing package designed to attract innovative and ethical builders who are committed to achieving the highest standards in building design and construction.
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Building Covenants
All vacant land in Tannum Waters is subject to reasonable building covenants which are now common in new residential estates across Australia. The Building Covenants which apply to Tannum Waters are an integral part of the Contract of Sale. The Covenants specify matters such as a requirement to commence construction of a residence within a certain timeframe and the minimum standards which must be observed in terms of building size, material quality, design and finish.
The Building Covenants serve to protect the investment of all buyers and landowners in the Tannum Waters community. They are designed to maintain the concepts of lifestyle environment and community development which underpins Tannum Waters.
Further details are available from the Tannum Waters Development Office on 1300 Tannum.
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Commencement of Construction
Following recent approvals by the Gladstone Regional Council, work has now commenced on site for the construction of Stage One including engineering work for connecting Tannum Waters to the new sewerage teatment plant near the Boyne River, adjacent to Tannum Sands.
As the civil construction work progresses at Tannum Waters, land buyers will increasingly have better opportunities to see first-hand where their future residence will be located.
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Development of Stage Two
Plans for the development of Tannum Waters Stage Two were lodged with Gladstone Regional Council mid-December 2007. Stage Two will comprise a further 115 lots of vacant land at prices similar to those in Stage One. Council approval is pending.
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Comparison Land Sales: Tannum Sands
A residential land auction took place at Tannum Sands on 11 July 2008 of 16 new allotments in Pryde Street , Tannum Sands.
The land was developed by the Gladstone Regional Council and auctioned by PRD Realty, Tannum Sands. The land for sale includes basic services.
The allotments offered varied in size from 712 - 952 m2:
12 x lots measured between 712 - 748m2
3 x lots measured 902m2
1 x lot measured 952m2.
There was bidding for 12 lots but no sales went under the hammer. The highest bid was $225,000 for a 725m2 allotment .
The median price of residential land sales in Tannum Sands for June 2008 was $252,000.
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Property Investment Outlook 2009
The medium-to-long term investment outlook for property owners in Queensland remains strong despite the general economic slowdown and tightening up of lending practices by financial institutions.
BIS Shrapnel chief economist Frank Gelber predicts rents will increase 8 per cent a year for the next three years and house prices will rise 30 to 40 per cent over five years.
Queensland Community Housing Coalition executive director Mike Myers commented recently that Queensland residential rents have risen by up to 14 per cent in during 2007/2008, with more rises expected.
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Register Your Interest
There is still time to be amongst the first new residents and investors in Tannum Waters which is destined to become one of the finest residential communities in regional Queensland.
Discover more about this new lifestyle opportunity at Tannum Waters, with early choice and price advantage, by calling our office today on 1300 TANNUM.
Register your expression of interest for Stage One by sending an email to enquiry@tannumwaters.com.au or visit the Tannum Waters Development Office at 136 Goondoon Street, Gladstone.
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