THE first stage of Mirvac's Greystone Terraces development at Everton Park is almost sold out, with sales reaching $10 million.
The project was launched at the end of February with 80 per cent of the first allocation of 24 terrace homes already sold.
The estate has attracted a wide range of buyers, including young professionals, investors and empty nesters looking for a property within 10km of the CBD.
Greystone Terraces feature a mix of three and four bedroom executive homes, complete with private courtyards and an executive resident's recreational area.
Mirvac group executive residential John Carfi says the project has generated market interest because it fills a void in terms of location, product mix and lifestyle.
"Mirvac acted to meet demand in the north Brisbane corridor for well-appointed, contemporary homes close to the CBD, transport and lifestyle facilities and the response to the launch of Greystone Terraces has shown that we have got it right," Carfi says.
"The appeal to buyers is two-fold. They appreciate the quality lifestyle on offer but they also recognise that these homes are very well priced considering their location."
He says buyers also appreciate being able to select their own colour schemes and finishes.
Remaining properties in the first stage are priced between $530,000 and $595,000.
Construction has commenced on stage one of Greystone Terraces, with a total of 56 terrace homes to be delivered.
"Greystone Terraces is the first development of its size and quality to be delivered in Everton Park," Carfi says.
"So for astute owner occupiers and investors it's not only a matter of securing a place in Greystone Terraces, but getting a foothold in a suburb that is poised for positive growth over the coming years."
The first 24 homes in the development are expected to be completed by early 2016.
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