Developer responds to local housing affordability pressures

Locals looking for affordable land in Darwin may have had their prayers answered after property developer Urbex released its latest land.

The company, which is developing the communities of Johnston Ridge and stage one of Zuccoli in Palmerston, has new house and land packages starting at $540 000 and lots available for less than $290 000.

Urbex General Manager Wayne Rex said the company had listened to local buyers and provided living solutions to meet with both their affordability and living demands.

“We want every Territorian to have the opportunity to fulfil their dream of home ownership,” Mr Rex said.
“We’ve listened to the people of Darwin and worked really hard to price a range of products to suit both their budget and living needs.”

Mr Rex said Urbex conducts regular market research with its buyers to determine their lifestyle requirements and levels of affordability.

“We try to talk with all purchasers and potential buyers who have registered their interest with us to know exactly what they’re looking for and what their budget is,” Mr Rex said.

“First home buyers want to spend less than $600 000 on a new home to be eligible for the First Home Owners Grant of $25 000, while low to middle income earners are looking for more affordable options to be eligible for the Home Build Access loan options.”

This year alone Urbex has sold 19 affordable house and land packages to low to middle income earners under the Northern Territory Government’s Home Build Access buyer initiative. The latest successful family being Cedric Hoarau and Li Wing.

“Our team has worked diligently with government and local builders to deliver a range of quality house and land packages that provide options for all Territory buyers,” Mr Rex said.

“We’ve also held First Home Buyer Information Sessions to educate the community on the steps to buying a home or vacant land, the subsidies available to them and generally assist them on their journey to home ownership.”

Residents who want to take advantage of Urbex’s new house and land packages or vacant land under $290 000 should visit the Urbex Realty, Sales and Information Centre at 18 Cavenagh Street, Darwin or contact Janzey Pratt on 1300 556 950.

For more information visit www.johnstonridge.com.au, www.zuccolivillage.com.au.