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Margaret River residential estate sells out third release in 48 hours, confirming regional market demand


The Spindrift residential estate in Margaret River, Western Australia, has sold out its third consecutive lot release within 48 hours, demonstrating strong demand for affordable, spacious properties in one of the state’s premier regional housing markets.

Goldfields, the developer behind the Spindrift estate, reported that the Parkfront Release, featuring 20 premium lots alongside the estate’s Western Parkland, was quickly snapped up by buyers including sea changers and FIFO workers. The company is now planning to bring forward its fourth release to meet the soaring demand.

Gareth Wilson, Goldfields State Director in WA, said, “According to CoreLogic, Margaret River’s median house price has grown 11.4 per cent over the twelve months to March placing its growth ahead of major centres such as Sydney, Melbourne, and Canberra.”

Wilson attributed the strong buyer interest to several factors, including Margaret River’s record low vacancy rate of one per cent, soaring rents (up 29.8 per cent), and an acute worker accommodation shortage.

The Parkfront release offered lots ranging from $222,500 to $249,500, all priced below the WA average of $279,974, despite being larger than the state average. The estate, located 3km south of Margaret River, is surrounded by nature walks, beaches, and one of the world’s best wine regions.

Future resident Luke Bridges cited the estate’s large block sizes and competitive land prices as key factors in his decision to purchase. “Every block felt unique rather than the standard cookie cutter approach that you find everywhere. Our new block was great value for money,” Bridges said.

The Spindrift estate aims to create a strong sense of community while offering modern amenities and proximity to Margaret River’s renowned attractions. Goldfields plans to continue meeting the high demand with future releases featuring blocks of similar size and price range.

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