Estate ends land squeeze

AMY WILLIAMSBroome Advertiser

Broome’s residential land shortage is over, according to LandCorp.

The State housing developer has announced real estate issues such as the shortage of available land and consequential high costs will be alleviated as its new estate, Broome North, takes shape.

The first house built in Broome North, which is expected eventually to double the size of the town, has been handed over to its owners.

The handover heralds a new era in housing affordability, according to LandCorp Mid- North business manager Paul Ferrante.

He said stages one to four had sold solidly and building was well underway on many lots. Meanwhile, residential lots have been released in stages six and seven, with plans to complete stage five in the first half of 2012 and construct stage eight by the end of 2012.

Mr Ferrante said Broome North had been staged to cope with sudden or gradual population growth, and there would always be another stage to release.

“The residential land supply shortage in Broome is over,” Mr Ferrante said.

“Broome North and other developments coming on stream, including Yawuru’s Roebuck West development, will supply the medium to long-term land requirements for the town.”

The first house in Broome North to be finished was handed over last week to new owners Aaron and Michelle Parish by local builder Williams Homes.

Mr Parish said the cheaper land value was the main reason they snapped up one of the blocks.

Graeme Williams, of Williams Homes, who built the Parish’s house Broome North, said the new estate would go a long way to curbing shortages of saleable land and rentable properties. “There has always been a shortage and there have even been periods where we haven’t been able to get land, full stop,” Mr Williams said.

“There were people buying blocks before they were ready to build because they wanted to make sure they could get one. “Now people don’t have to panic.

This stage is being built, another stage is under way — there is more land, and it means if people don’t want to build just yet, they don’t have to rush into buying a block.”

Mr Williams said the cheaper land value on the blocks in Broome North have meant buyers who otherwise could not have afforded to build in Broome could, and others have been able to spend a little more on a nicer home.

Mr Ferrante said LandCorp had made buying and building even easier by bringing a range of builders together to create a range of affordable houses to be on display at the Waranyjarri Estate display village next year.

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