Enquiries double as Greenbank development celebrates 1000th settlement

15 April 2024

A residential community in Greenbank, Queensland has reached a notable milestone, celebrating its 1000th land settlement since launching to market in 2017 – a true testament to the growing demand for affordable new residential communities.

Covella by AVID Property Group (AVID) and Greenfields Development Company (Greenfields) has fielded a wave of renewed interest from home seekers, having recorded an increase of 98% of sale enquiries between January 2023-24.

Sale enquiries have remained consistent into February and March, with the team recording a 105 per cent increase in enquiries since February 2023, and a 118 per cent increase since March 2023.

Chairman of the joint venture with Greenfields, AVID Executive General Manager Bruce Harper said the Covella community had experienced exponential growth in recent years with more residents moving in and the increasing buyer demand for land.

“We’ve had phenomenal interest at Covella over the past year, with most interest coming from first home buyers, followed by those looking to upgrade their homes,” Mr. Harper said.

With 50% of all enquiries relating to FHB’s, Covella continues to provide a range of living choices and new opportunities to suit different lifestyles.

This demand, and increase in buyer confidence, was strengthened after the announcement of doubling the Queensland First Homeowner Grant (QFHOG) to $30,000.

“Covella continues to attract large numbers on release days, with most releases selling out within a matter of days,” Mr. Harper said.

“In fact, we’ve had to fast-track future releases to keep up with current and anticipated demand for land.”

This demand has earned the project state recognition, with REA advertising data ranking Covella in the top five for “House and Land Projects” with the most views and leads in Queensland.

Mr. Harper said the focus on creating a well-connected community was the primary drawcard for buyers.

“Creating a sense of community from the start is key, we want people to feel welcome the moment they enter Covella, and this is achieved through carefully designed shared spaces as well as an annual calendar of community activations and events,” he said.

“We’ve seen time again with our communities, that people want to live and raise their families in areas with like-minded people and we have been able to successfully deliver just that at Covella.

“Reaching our 1000th settlement is an important milestone not just for Covella but for the wider Logan region as AVID and Greenfields continue to play an important role in accommodating demand for, family-friendly housing.”

The next release launched to market on Saturday 6 April, with blocks available from 294m2 to 573sqm.