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28 Jun 2022

Latest News

Brisbane Buyers Given Rare Opportunity to Secure Piece of Cannon Hill in Exclusive Land Release

Homebuyers are lining up to secure a piece of one of Brisbane’s most popular suburbs, as interest skyrockets on a range of premium Cannon Hill land lots hitting the market in an unmissable online auction later this month.

Located just 11 kilometres from Brisbane’s CBD, Cannon Hill’s 125-homesite Minnippi estate,developed by award-winning national developer Urbex in partnership with Brisbane City Council, will release the final 15 lots for sale via an online auction, if not sold prior to, on Wednesday 22nd June.

General Manager of Urbex Realty, Craig Covacich said Minnippi is an incredibly rare opportunity to secure a slice of luxury, so close to the Brisbane CBD in the midst of Brisbane’s housing market which continues to surge.

“Brisbane’s lack of supply is certainly underpinning any significant decline in housing values. The city’s median housing values climbed a further 1.7% in April, taking the three-month growth rate to 5.7% which is the fastest quarterly growth rate in housing values amongst the capital cities. Adding to this, in the past 12 months property values increased in almost every part of Brisbane, with a median house value uplift of 29.7% over the past 12 months. These figures alone show the enormous growth rate of Brisbane’s market which is increasingly become one of the most intense markets in Australia,” Mr Covacich said.

“Locally in Cannon Hill, median home values have increased 37.6% over the past 12 months, but the suburb remains an affordable option within the inner eastern catchment of Brisbane’s CBD which has seen it become a highly-sought-after place for many locals and interstate buyers.

“Minnippi really provides an incredible – and rare – opportunity for these buyers to purchase premium land in this stellar locale and provides much-needed supply in this increasingly popular area.

For buyers who secure a slice of one of Brisbane’s most exclusive pockets, Minnippi will pay homage to its lush surrounds, nestled amongst over 90 hectares of open space, parkland, a future golf course currently under construction nearing completion and an environmental habitat. Its premium location also means residents will enjoy a superior quality of life being well connected to nearby amenities, shopping, restaurants and the convenience to Brisbane Airport via the Gateway Arterial.

“Buyers are also being enticed by the community this estate offers, along with the added freedom to build and design an architectural home of their dreams with a variety of lot sizes to choose from which is incredibly rare in a suburb like Cannon Hill,” Mr Covacich added.

“We’re experiencing high demand for these superior homesites with 3 of the 15 lots sold prior to auction, from buyers who have seized this fantastic opportunity amidst increased housing scarcity.”

Minnippi is a master planned community without compromise which has achieved the prestigious award for environmental excellence from the UDIA, an industry’s association.

These final homesites in “The Botanica Release’ are limited and will be sold via an online auction scheduled for Wednesday 22nd June at 11am if not sold prior.

Published: Courier Mail 20/06/2022 Brisbane Minnippi at Cannon Hill to go to auction as rates rise‘ (article link) & The Property Tribune 20/06/2022 ‘Cannon Hill witnesses a 37.6% rise in home values‘ (article link).

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