Mirvac Launches New Hydeberry Rochedale Community

Publicly listed developer Mirvac has officially launched its latest residential community in Brisbane - Hydeberry Rochedale, after more than $13 million in homesites were secured in just two days at the Stage One VIP release.

The new community, situated just 14.5 kilometres from the Brisbane CBD in the sought-after 'million dollar' suburb of Rochedale, will feature a total of 133 lots, with the first stage of 46 homesites now selling.

To date, buyers have secured more than two thirds of the Stage One land lots, which range from 300sqm to 495sqm and are priced from $405,000.

Construction is underway on the community with settlements anticipated in the third quarter of 2018.  The first buyers are expected to start building their homes later this year.

Research by property analyst Urbis shows Rochedale has emerged as a million-dollar suburb, with significant growth in its median house price to $1.019 million in the June quarter 2017, placing it among premium inner city and riverfront suburbs such as Hamilton, Hawthorne and Highgate Hill.

Mirvac Queensland Residential General Manager, Warwick Bible said Hydeberry Rochedale had already been in high demand, with the first sales made to a waiting list of pre-registered buyers.

 "To achieve $13 million of sales at the VIP Stage One launch is testament to the high demand for homesites in the community," he said.

 "From the moment we secured the site early last year we started to receive enquiries, including from those who have purchased with Mirvac in the past and were looking to become a part of our newest residential community."

 Mr Bible said Hydeberry would do justice to its prime location in the Rochedale enclave, with an elegant entry statement featuring off-white brick, concrete and timber welcoming residents home.

"Every element of the community has been designed to deliver a premium lifestyle, with beautiful tree-lined boulevards, which will provide shade and seasonal flowers," he said.

"The name of the community celebrates both its past and its future; 'hyde' being a topographic name for living on land; while ‘berry’ recognises its history as a strawberry farm."

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 Mr Bible said Rochedale appealed to second and third home buyers in particular, who were attracted to the location close to shopping, dining, public transport, entertainment and educational facilities, including schools and universities.

"The proposed Rochedale Town Centre is less than a kilometre away and is set to deliver even more amenities at the doorstep including two supermarkets, cinemas, retail, dining and entertainment," he said.

"There are already two Westfield centres, as well as Sunnybank Plaza and Sunny Park Shopping Centre nearby with Brisbane's CBD just 14.5km away.

"We have released homesites in a range of sizes, with the majority on flat land, making the building process easier and more affordable.  There are also comprehensive design guidelines in place ensuring the overall quality of the community now and into the future."

First home buyers Vicky Sha, 26, and Ken Li, 26, snapped up a homesite in Stage One and said the convenience of the community was a major drawcard.

"We have been looking to buy in Rochedale for some time, because it is so convenient to everything we love in Brisbane's south-side, including the Asian supermarkets and a number of major shopping centres," said Ms Sha.

"Hydeberry stood out because the homesites are more elevated than other available land in the area and our lot is a good size, at more than 400sqm with a wide frontage.  We have heard Mirvac has a very good reputation."