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Limited land supply creates 'urgency for buyers' to secure properties near coast

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Property buyers are homing in on a ‘premium’ residential development, amid a shortage of listings on the Sunshine Coast.

There have been waves of interest in the new $30 million community, Lumeah Peregian, which is nearing completion in Peregian Springs.

Being developed as a joint venture by leading developers Cube and McNab, the development is restricted to 31 lots. It represents the last vacant land opportunity in sought-after Peregian Springs.

Cube director Scott Juniper said a lack of available land and housing in the region had contributed to high interest in the project.

“With the coastal housing market being so tightly held, buyers are taking control by securing land and putting their dreams of a new home into action,” he said.

“We have local and interstate interest flooding in for Lumeah Peregian, which represents an exclusive chance to build in a premium location, with many lots offering expansive ocean and hinterland views.

“Buyers are being drawn to the picturesque location and world-class amenity on the doorstep, including quality schools such as St Andrew’s Anglican College, Noosa National Park, local shopping centres and beautiful beaches.”

Lumeah will boast homes from leading Sunshine Coast builders.

The project comprises 31 elevated, landscaped lots, ranging from 367sqm to 734sqm, with land starting from $750,000, aligned with house and land packages from leading Queensland builders Immackulate Designer Homes, Gold Property Partners, Ausmar Homes and Ryza Developments, starting from $1.5 million with Ausmar’s Lot 12 design.

McNab founder Michael McNab said the Sunshine Coast’s leading builders were ready to work with buyers to create custom homes reflecting the premium nature of Lumeah.

“We’ve hand-selected builders who understand Lumeah’s status as a premium community and are capable of delivering custom-designed homes tailored to the unique characteristics of each block, the breathtaking views they offer, and the individual preferences of the buyer,” Mr McNab said.

“As the project approaches its completion, the timing could not be better to lock these builders in, as it will ensure that construction of your dream home can commence as soon as the land is ready next month.

“Limited land supply now and on the horizon has created an urgency for buyers to secure their unique coastal lifestyle opportunity while they can, which is being reflected by the strong levels of enquiry for Lumeah Peregian.

“With property values continuing to rise due to severe shortage of stock now has never been a better time to act.”

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