This article is from the Australian Property Journal archive
DIVERSIFIED property group Stockland is launching its newest residential precinct on the Sunshine Coast, Acacia at Aura.
It will offer 25 home sites as part of the first release, which will be within the existing Aura master-planned community.
Upon completion, Acacia at Aura will have about 1,300 homes, a Stockland Halcyon over 50s lifestyle community spanning around 20 hectares, and a range of proposed community services such as shops, parks, and a childcare centre.
Acacia at Aura is located in the suburb of Banya and adjoins the Bells Creek conservation area, with parklands and the longest continuous frontage to Bells Creek in Aura. Lots range from 250 sqm to 532 sqm and are priced from $299,500.
Stockland Aura project director, Josh Sondergeld said the high demand for residential property in the Sunshine Coast region means buyers are looking for affordable land options in desirable locations.
“Aura provides a diverse range of quality housing to cater to all stages of people’s lifestyles and is an attractive option for first homebuyers, families, upgraders, downsizers and retirees, as well as those looking to relocate to the region,” he said.
“Future residents at Acacia at Aura can embrace the active, outdoor lifestyle with easy access to Aura’s existing network of walking and bike paths, three new local parks, and a future sports park at the entry of the new precinct.”
Construction of the first homes is expected to begin in the middle of next year. The precinct will be developed across several stages, with the final stage expected to be complete by 2026.
Stockland saw month-on-month improvement in sales and enquiries at its master-planned communities in the September quarter, it said last week, and maintained its full-year settlement target of 5,200 to 5,600 settlements.
In its quarterly update, Stockland said it netted 991 sales and ended the period with 4,772 contracts on hand, and expects a slightly larger settlement and funds from operations skew to the second half of FY24 than in FY23.
Average settlement pricing is expected to be 5% to 10% higher than FY23, and the development operating profit margin to be in the low 20% range, in line with previous guidance.
