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.



Time is running out to enter Running Festival

HAVE YOU ENTERED?: There are only three days to go until this year's Bendigo Bank Coffs Harbour Running Festival gets under way.

Running Festival entries after 5pm on Friday will incur a late fee

Record spend to stop high-risk crims re-offending

Millions of dollars in funding to stop high-risk crims

Two women struck by car on Pacific Hwy

Two elderly women have been transported to Coffs Harbour Base Hospital after being struck by a car on the Pacific Hwy this afternoon.

TWO women have been transported to Coffs Harbour Base Hospital

Latest deals and offers

Love is in the air on The Bachelor, but not for Kiki

The Bachelor Australia contestant Kirralee 'Kiki' Morris.

BACHELORETTE bows out gracefully as show enters its final weeks.

A $65,000 bathroom? The Block's incredible budget blow-outs

The Block contestants Julia and Sasha spent a whopping $65,000 on their first renovated room.

TEAMS deliver most expensive en-suites in reno show's history.

Cryptic crosswords: Top clues to solving them

Your guide to solving the cryptic crosswords in your local paper

MOVIE REVIEW: Ben-Hur isn't likely to become a new classic

Toby Kebbell plays Messala Severus and Jack Huston plays Judah Ben-Hur in a scene from Ben-Hur.

ANYTHING less than grand in a remake of Ben-Hur won't do.

Coming up on your TVs this September...

Don't miss A Place to Call Home as season four launches this September.

HERE'S a sneak peek at what's coming up on Foxtel.

How high? Twin 20-storey high-rises plan for "over 50s"

xxxxxxxxx

Developer says Bay needs to move with the times.

Australia's most expensive balcony and it hasn't been built

Viridian Noosa.

How Noosa millionares' squabble could affect body corporates

Receivers move in on Springfield's 'Tower of Power'

The 10-storey tower at Springfield is up for sale with interest high in the iconic structure.

Interest high in iconic 10-storey office building

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia