Demand for land at LandCorp’s upmarket Minim Cove development in Mosman Park continues, with buyer interest in an early December release outnumbering available lots by four to one.
The sale by public tender of the five Stage 3 lots released to market achieved an average of $2,217 a square metre, according to LandCorp’s general manager operations, Mike Moloney.
“The demand for Minim Cove has been very strong since the release of the first lot in the first stage in 2000 and the fact that two of the lots in this current release had river frontage seems to have heightened that demand,” Mr Moloney said.
“The remaining five lots in Stage 3, including one with river frontage, should now be offered for sale in the first half of 2006.”
Selling agent Graeme Kiddey from Knight Frank said the lots were eagerly sought after.
“There is a sustained demand for land at Minim Cove and I can’t see it diminishing in the near future,” he said.
“A number of people are wishing to upgrade their homes and there are few land releases within the western suburbs where this can be done.
“This development also has the added attraction of offering both river and ocean lifestyles while being conveniently located between Perth and Fremantle.”
Lot sizes ranged from 350sq m to 629sq m, averaging 447sq m.
Work on entrance statements into Minim Cove continues with undergrounding of overhead power lines on the southern side of McCabe Street scheduled for completion before Christmas.
