Rosewood attracts young buyers

THE historic town of Rosewood in the Lockyer Valley Western Corridor has attracted excellent sales in the past two months.

QM Properties Rosewood Heights has achieved nine land sales in June and July.

“The buyers are attracted to the affordable land, village lifestyle and fast rail link to Brisbane,” Sales Manager Damien Ross said.

The entry price is $129,500, with house and land packages starting at $319,000.

Rosewood Heights is a suburb of the heritage town of Rosewood, with its rustic main street, colonial architecture and famous timber Catholic Church.

This magnificent building is the largest timber Catholic Church in Australia, with beautiful frescoes and carving dating from 1910.

The town came into existence as a stopover on the Ipswich to Grandchester railway.

The railway supported the dairy and mixed farming industries and was a well to do Victorian town.

Today it is the end of the line on the electric fast train to Brisbane, making it popular with commuters to Brisbane.

“Our buyer demographic is drawn from first home buyers who work in the city or the Amberley Air Base,” Mr Ross said.

The ABS population statistics confirm this, with 28 per cent of people aged 20 to 39, 27 per cent 40 to 59 and 22 per cent aged 5 to 19.

“The suburb is also attracting retirees and Baby Boomers who like the large blocks to house caravans and boats”.

“The buyers are young people coming in on the first home buyer scheme with families, or wishing to start them.”

QM has sold 72 of the available 101 blocks already in the past 18 months and about half these are homes under construction or complete.

The buyers are also attracted to the option of building a modern home in Rosewood.

“Heritage streetscape town planning laws do not allow modern homes in the old part of town,” Mr Ross said.

“The buyers like the idea of living in a peaceful rural community, but many young people, and older ones too, like a low maintenance modern home,” he said.

Most blocks are gently sloping and range in size from 600sqm to 1500sqm.

All blocks have picture postcard pastoral views of the lush Lockyer Valley.

The residents have opted to spend in the mid to high $300,000 price bracket on their modern homes.

The median house price for the Rosewood area is $385,000.

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