HTML tutorial
Published On: Sun, Feb 21st, 2016

Stockland to Develop Waterway Downs

Stockland which is Australia’s biggest residential ­developer has purchased a Coomera riverfront site for $40 million.  The property will be acquired from a private vendor on capital-efficient terms with deferred payments evenly distributed over a four year period.


waterway-downsThe  116ha allotment on  the Coomera River will yield 747 homes in a mix of detached houses and town houses. As a part of the deal two islands in the Coomera River — the 10.1ha Foxwell Island and 8.1ha Thomson Island.

The primary development site will enable Stockland to increase its presence in the high growth Gold Coast north corridor. It will also enable Stockland to maintain sales volumes after the completion and trade out of other nearby Stockland communities: The Observatory at Reedy Creek; Highland Reserve at Upper Coomera, and Ormeau Ridge over the next few years. Stockland expects to achieve the first settlements from Waterway Downs in FY18.

About the Author

- Glenn Batten is the Principal Licensee of First National Real Estate Upper Coomera which provides residential property sales and property management services throughout the Northern Growth Corridor suburbs of Upper Coomera, Coomera, Pimpama, Willow Vale, Ormeau and Oxenford.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Creation Homes at Gainsborough Greens

Recent Comments

  • Lisa Ricourt: I am interested in finding out more about the sale of indivi…
  • John: hey, I would like to get a spot in the new soon to come shop…
  • Sophie: Where is the new shopping centre? Just saw news online but c…
  • Tim Wong: Can I have the location of New Coomera School please?…
  • Wayne Bennett: I hope that there will be a road upgrade done as well. The r…

Subscribe Now !!!

Coomera Investor is a curated real estate news site for articles of interest to current and prospective property owners for the Coomera District of the Gold Coast. Sign up to receive an email when an article is added to the site.