Woodford, QLD 4514
Finance For Sunshine Coast Land Subdivision
Funding to assist with the development of a rural residential land subdivision.
Loan Amount: $3,924,250.00
Loan-to-valuation Ratio: 55% on an "as-if-complete" basis
Approved Loan Term: 18 Months
Project Overview:
Located within the established rural residential area of Woodford, this project comprised a 24-lot rural residential subdivision over a single stage. Median lot size of the development was 3,000 square metres, with one 7,551 square metre lot incorporating an existing dwelling and machinery shed.
Typically, rural residential projects have a longer sell down period than metro developments however, bolstered by Government grants and due to high-quality and efficient delivery by the experienced developers, this project was settled, developed, and sold down well before the 18-month loan term.