New Hundred Hills Project Delivers Affordable Options

18 September 14

An innovative joint housing project that has been unveiled at Stockland’s popular Hundred Hills community at Murwillumbah is allowing a new generation of buyers to afford their own free-standing homes for less than $300,000.

Affordable housing company Horizon Housing and the Tweed Shire Council have teamed up to deliver a number of affordable housing lots in a quiet enclave off Old Lismore Road.

The project, being funded by the Federal Government’s Building Better Regional Cities (BBRC) program, features a mix of house and land packages and rental properties.

Homes in the initial releases are priced from $294,750 to $331,127.

Horizon Housing CEO, Jason Cubit, said the Federal Government funding ensured that the Tweed had affordable homes for sale and for rent, allowing more individuals and families to continue to live and work in the region.

“Eligible buyers are being offered a rebate on the land price payable once the new homes are built,’’ Mr Cubit said.

“In addition, first home owners can apply for the NSW First Home Owner Grant which currently is $15,000. This means some people could be paying just $279,750 for a new home.’’

Stockland Regional Manager, David Laner, said the house and land packages would be ideal for eligible first home buyers keen to get a foothold in the property market.

“This release opens up new home ownership to people who work hard but still may not be able to afford to buy at full market prices,’’ he said.

Mr Laner said the homes would be completed by well-known builders Sandsky Developments and Home Solutions by Metricon, and would be in keeping with Stockland’s design guidelines that cover Hundred Hills. “The covenant process ensures all homes are built to a certain standard and have to meet the criteria set down by the design guidelines,’’ he said.

Mr Laner said many of the residents at Hundred Hills were young couples, young families and downsizers attracted to the community’s handy location close to more than a dozen schools, a golf course, sporting fields and shopping.

“Residents love how the community is located in a rapidly growing location that is easily accessible from the Coast,’’ he said. “They also recognise the excellent value of a brand new home and land package in this community compared with the cost of an older established home in the region.’’

 

 

About Hundred Hills

Hundred Hills offers a relaxed coastal country lifestyle that is only 20 minutes to Tweed Heads and Coolangatta. It includes 7.7 hectares of open space for perfect outdoor living.

A major draw card of the community is the Hundred Hills Green which is more than hectare in size and offers top quality landscaping, a picnic shelter, BBQ facilities, a playground and a spacious kick-around area.

BBRC project and Horizon Housing details

The Building Better Regional Cities program and Horizon Housing’s main focus for the project is to alleviate some of the pressures facing working families on ordinary incomes in regional centres such as Murwillumbah. The Federal funding for this project provided for the necessary infrastructure to the site to enable the delivery of the homes by Horizon Housing.

In terms of home buyer eligibility, there are a number of different annual income limits depending on circumstances such as $59,111 for an individual up to $140,541 for a couple with three children.

For more about Hundred Hills, visit the Sales and Information Centre at Riveroak Drive at Murwillumbah, call 1800 357 194, or go to www.stockland.com.au.