CONSOLIDATED Properties has started construction on the $50 million Sanctuary Rise residential community in Wilsonton, Toowoomba.
Sanctuary Rise is the first residential land community to be marketed off-the-plan in Toowoomba, with over $2.5 million in sales recorded in the past two months.
Stage one comprises a total of 68 lots ranging from 500 sqm to 600 sqm and priced from just $145,000.
Consolidated Properties project partner Edward Hodge said the development was geared towards affordability, lifestyle and convenience.
“One of the reasons the off-the-plan campaign worked so well is because people are keen to buy now at today’s prices, as Toowoomba is an area that is poised to experience plenty of growth due to the billions of dollars of resource, mining and agricultural activity happening right across the Surat Basin region,” he added.
Hodge said Hutchinson Builders had been awarded the contract to complete the earthworks and civil works, and Consolidated would partner with local builders.
“As we progress the construction of stage one we will look to bring stage two to market later this year in line with buyer demand, with the final three stages to be rolled out over the coming years.
“Sanctuary Rise will ultimately comprise 311 lots and will be one of the largest new masterplanned communities in the region.” Hodge concluded.
Consolidated has appointed Kim Taylor from PRD Nationwide Toowoomba as exclusive agent for the project.
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