Capestone Defies Turbulent Property Market with Strong Performance (April 2013)

Capestone, the master planned community at Mango Hill, continues to defy trends within the property market with 100% of the current release (Wyatt Crescent) selling out within nine weeks. This comes on top of the 91 lots in the first release being snapped up in just five months, a reflection of the scarcity of affordable land in the Moreton Shire region and the community’s convenient location.

A new release is planned for June and is expected to attract considerable interest from both existing locals and consumers planning to migrate to the area attracted by the affordable yet attractive lifestyle offering.

A 13-home display village is now open daily, with high quality builders such as Metricon Homes, Ausbuild, Clarendon Homes, McCarthy Homes and Ownit Homes providing a diverse range of housing solutions to suit a variety of lifestyles.

Marcel and Tina Bruns are a North Lakes couple who have been attracted to Capestone because of its greater affordability when they wanted to upgrade to a larger house on a larger block. “We have lived in North Lakes for four years and recently sold our house. When we heard about Capestone we inspected it and found it not only offered us what we were looking for, including heaps of open space and parkland but that it was also close to shops, schools, transport and other facilities,” the couple said.
Excited about moving into their new home which is nearing completion, Marcel and Tina are looking forward to the facilities planned for the estate, including the future centrepiece, a 13-hectare freshwater lake and town centre.
“We feel we’ve hit the jackpot. It’s such a great time to buy not just because interest rates are so low but because we believe Capestone is offering value for money in a good location.”
Capestone’s spokesman Phil Johnston said that the demand for lots is evidence that buyers see the estate as something special. “With the lake and its proximity to the bay, the future Moreton Bay rail link and the existing school combined with affordability, we expect the estate will continue to attract buyers, especially those who are already local residents and looking to upgrade,” Mr Johnston said.

The Capestone Sales Office is open Monday-Wednesday 12-5pm; Saturday and Sunday 10am-5pm.
FOR MORE INFORMATION: Contact Phil Johnston, Sales Consultant, on 1300 769 607 or visit
www.capestone.com.au

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