News

Developers confident estate will grow with Coffs Harbour

NEW ESTATE: Elements at Coffs Harbour developer Rob Yandell meets with Equinox developer George Daoud, project adviser Richard Arnold and First Nationals’ Jenny Bonfield and Shane Hessenberger.
NEW ESTATE: Elements at Coffs Harbour developer Rob Yandell meets with Equinox developer George Daoud, project adviser Richard Arnold and First Nationals’ Jenny Bonfield and Shane Hessenberger.

THE developer of a residential subdivision, approved south of the city this week, says Coffs Harbour's strength as a fast-growing economy justifies a multi-million dollar property investment above Stadium Dr.

Approved by the Joint Regional Planning Panel, the 221-block housing project known as Elements at Coffs Harbour is funded by Australia-wide investors and private superannuation funds.

The developer, Rob Yandell, said stage one construction on the 32ha tract of land would start later this year and offer to the market 600-700sq.m blocks priced between $185,000 and $220,000.

"We secured the site last October and have been working for 12 months through the DA process with Coffs Harbour City Council and we are extremely excited that this development can finally proceed," Mr Yandell said.

"We applied for 226 blocks and begrudgingly gave away five in the process to get things right.

"We have been able to preserve most of the trees on the site and most of the ecological value, donating twice as much land to the council as we were required to do.

"The council was tremendous in their handling of this application and full credit goes to them.

Road access to the subdivision will come from Stadium Dr via Ted Ovens Dr.

"Up on top of this hill the views are unbelievable. It's a 360-degree vista looking out to the Pacific Ocean, over to the banana hills in the west and south, and to the district hills to the north and west," Mr Yandell said.

"We named it Elements because as an estate it has just that - all the elements.

"We are confident the land will sell over the next four years and already local building firms have purchased blocks to build display homes.

"Coffs Harbour is earmarked to be one of fastest growing areas in Australia," he said. 

Joint Regional Planning Panel chair Garry West said the development application complied with all applicable statutory planning legislation.

"The residential subdivision would generate employment during the civil works and housing construction phases and would support the Coffs Harbour City Council's planned growth of the area," Mr West said.

Marketing agent Jenny Bonfield of First National Coffs Harbour said the estate's advantage was its close proximity to the city centre, health and education campuses, the stadium and beaches.

"With projections that Coffs Harbour's population is currently growing at about 2% per year, it's important our area has new residential estates to house a larger population," Ms Bonfield said.

The land is known to hold Aboriginal significance.

After consultation with the local Aboriginal community, the developers say they will name a road on top of the ridge the Singing Track.

A knob on the hill that once served as the site of Aboriginal ancestral camps sites will be developed into a public park.  

Fellow developer George Daoud, who is investing in the Equinox at Park Beach with First National, inspected the land release and said he too had strong faith the Coffs property market was a growth region.



Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

'All I heard when my baby cried was ‘you’re a terrible mum'

APN Hey Mummy Feature for online - stock images of Katie Dykes. Photo Marc Stapelberg / The Northern Star

KATIE'S battle with PND is not unlike many mothers.

'I just thought all mums got no sleep'

MELTOPIA battled PND with all four of her children.

4 survival tips for mummas heading back to work

The few reminders every working mum needs to read.

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

Modern ballet draws on classic

Modern ballet draws on classic

Disaster relief extended on the coast

Summer means storms. This image was taken near Oakey 10/12/15 on a Nikon. Image credit Grant Rolph - User Contributed

Disaster relief extended on the coast

Young musicians to get a boost at Bello Winter Music

Winners of the Youth Mentorship Program band category, Boewood.

WINNERS have been announced for Bello Winter Music’s youth program

Latest deals and offers

Prominent Coffs Harbour beach resort listed for sale

The Aanuka Beach Resort has been listed for sale

Aanuka Beach Resort, without its accommodation component, up for sale

PROPERTY BOOM: Coast prices set to skyrocket

Like other areas in south-east Queensland, the Sunshine Coast is at the start of the upturn on the property clock.

Values predicted to rise 25-33%