EPIQ VISION COMES TO LIFE

The new $4 million Montwood -Hutley Drive connection road at Lennox Head has opened to traffic, as construction moves full steam ahead on Clarence Property’s EPIQ Lennox community.

The new 1.3 kilometre thoroughfare provides access to EPIQ’s new community sporting fields, which include an AFL ground, two rugby fields, two soccer fields and two synthetic cricket pitches.

The new road has opened in line with the completion of work on EPIQ’s latest residential precinct, with purchasers of the 82 home sites in Release two – which sold out in one night for $23.5 million – preparing to start building their homes later this year.

EPIQ is already home to around 40 families, and Clarence Property Managing Director Peter Fahey says he expects the community will grow quickly now that people are able to drive through it and access the sporting fields.

“For the first time, people are able to really see EPIQ coming to life as a new community,” he said.

“EPIQ will prove to be a new community destination for Lennox locals, benefitting from a raft of new facilities including a new shopping village, childcare centre, sporting fields and parks. 

“The first three residential releases, which are all sold out, have homes complete, underway or soon to commence construction, so by the end of 2018 we should have around 50 families living at EPIQ, with an additional 60 to70 homes under construction.”

Mr Fahey said there were still a limited number of home sites remaining in Release 4, which represents the last opportunity to buy land at EPIQ for under $400,000.

“The current land release is located within walking distance of EPIQ’s planned $30 million neighbourhood shopping centre, which is currently with Ballina Shire Council for approval and is expected to include a major supermarket, plus specialty stores and parking for 277 cars,” he said.

“Major earthworks on the shopping centre are expected to be completed by mid-2018, with construction on the shopping centre to commence later in 2018. Construction of the centre will take 12 to 14 months to complete.

“The delivery of the shopping precinct will not only benefit new and existing EPIQ residents, but also the wider Lennox Head community who will no longer have to commute to Ballina and surrounding regions for a full-line supermarket.”

Release four home sites are priced from $360,000 and Elders Lennox Head agent Michael King is now taking expressions of interest.

Mr King says EPIQ is drawing interest from purchasers looking to live in a family friendly, amenity rich location.

“In any market, demand for property skyrockets when there are services and lifestyle facilities nearby, especially within easy walking distance,” he said.

“I expect there will be a strong interest in Release 4 home sites and equally strong demand from retailers keen to take up one of the specialty stores at the heart of this new community.”

For more information or to register interest in Release 4, please visit www.epiqlennox.com.au 


RELEASE 2 CONSTRUCTION WELL UNDER WAY

After the overwhelming response to the launch evening of Epiq Lennox Release 2 last year, where developer Clarence Property saw a $23.5 million sell out of all 66 lots which made up this release, construction has now begun on many of these new homesites.

The above video shows drone footage of the extensive works currently being undertaken of the construction of Release 2, which is set to continue after the recent response to the launch event for Release 3 last month. Make sure you visit our Contact page to register for the launch of Release 4, which will be announced soon.


COMMUNITY OFF TO AN EPIQ START IN 2017

Clarence Property’s Epiq Lennox Head is on track for a busy start to 2017, with a raft of new community facilities to be delivered, adding to the lifestyle and appeal of the coastal community.

By early next year, Epiq’s new community sporting fields – including an AFL ground, two rugby fields, two soccer fields and two synthetic cricket pitches – are expected to be open to the public. Construction of a clubhouse including a canteen, meeting room, public amenities and change rooms is also expected to start by the middle of 2017.

Additionally, plans are being finalised for a new neighbourhood shopping precinct, which will include a supermarket, specialty shops, a childcare centre, and a medical centre. Construction is slated to commence in the second half of 2017,  with a view to the shopping centre being open and trading by Christmas 2018.

The new sporting and retail amenities have helped drive demand for land in the beachside Epiq community, with the latest stage of 82 homesites selling out in one night for a total of $23.5 million.

Clarence Property General Manager Paul Rippon said prospective buyers should register their interest for the next release of land, which is expected mid-2017.

“We are planning release three to come to market early next year, and we will follow the same ballot-style sales process we had in place for release two. All buyers will have the opportunity to register their interest ahead of an exclusive sales event, where the names of registered buyers are drawn and those purchasers are then invited to secure their preferred homesite” he said.

“We implemented the ballot system because there is such incredible demand for land at Epiq Lennox Head that we had multiple people vying for the same homesite before the lots were officially released.”

“I expect to see the same level of demand for release three, especially now the first homes in release one are under construction and the community is starting to take shape.”

“The majority of purchasers in the previous releases have been locals and many have been first home buyers.”

“Prices in release two ranged from $250,000 to $365,000 which is very affordable when you consider the community’s location just minutes from the beach and within easy reach of employment hubs like Ballina, Lismore, Tweed Heads and the Gold Coast.”

Elders Real Estate agent Michael King said that the completion of the $862 million Tintenbar to Ewingsdale highway upgrade – which includes the new St Helena Tunnel – has been a catalyst for an uptick in activity and values for property in Lennox Head.

The Tintenbar upgrade connects to the $640 million Ballina Bypass, which was completed in late 2012.

“This new uninterrupted thoroughfare means Lennox Head is now about 45 minutes door to door from the southern end of the Gold Coast,” he said.

“This is big news for our real estate market for a number of reasons. Firstly, it opens Lennox Head up to the Gold Coast and Brisbane job markets. People who are employed in the city but want a more relaxed coastal lifestyle are now seeing Lennox as a viable option.”

Mr King said Lennox Head also appeals to those looking for an affordable beachside lifestyle.

“Lennox is still excellent value when you consider that it is well established, with great restaurants, cafes and entertainment, but is still priced below our northern neighbour Byron Bay” he said.

“The fact that we have a lower price base to build from is a positive thing for purchasers – young couples, families and retirees can still afford to buy here and make the most of living in a coastal region that has solid potential for growth.”


LENNOX DEVELOPMENT NETS EPIQ $26.8 MILLION IN SALES IN ONE NIGHT

Clarence Property’s Epiq Lennox Head development has had a back-to-back 24 hour sellout of two land releases, with the latest buyer rush netting $26.8 million for 78 homesites in the beachside community.

All 78 homesites in release three sold out in one night during a ‘ballot’ sale, with more than 500 people  attending for the chance to secure a lot, with names drawn out of a barrel to provide a fair opportunity for all prospective purchasers.

The sellout was a repeat performance of the same-day sellout of release two in June 2016, when 82 lots sold by ballot for a total of $23.5 million, with 116 registered buyers.

Homesites in release three sold for an average of $344,000 and ranged from 578sqm to 1274sqm, averaging 600sqm.

Epiq Lennox Head is a masterplanned community, which will ultimately comprise about 480 dwellings, along with a neighbourhood shopping village, which is expected to start construction later this year, and sporting fields, which will open to the public in early 2018.

Clarence Property Managing Director Peter Fahey says approval is already being sought for release four to keep pace with buyer demand.

He says the success of the community is due to its relative affordability for those looking to live in a beachside location within proximity to Ballina, Byron Bay and the Gold Coast.

“The majority of purchasers have been first time buyers and young families who are not able to break into the beachside market elsewhere, and have realised that recent road upgrades mean they can easily commute to major job centres while maintaining a more affordable lifestyle in Lennox Head,” he said.

“The community is already starting to take shape with the first residents from release one moving into their homes in recent weeks, and another 30 homes currently under construction.

“We have just lodged a development application for release four, which will include a mix of homesites and the first medium density dwellings on offer at Epiq, adjoining the future shopping village and a planned childcare centre.

“I encourage prospective purchasers interested in release four to register their interest to avoid disappointment, as we expect these homesites will again be sold by ballot in one day.”

Epiq Lennox Head is being marketed by Michael King of Elders Real Estate, who says the community is one of the best performers in the Northern Rivers region.

“Epiq is nearing the half way mark in terms of land sales, and it has only been on the market for about 18 months. To sell more than 200 homesites in that timeframe – with more registered buyers than lots available – shows just how strong demand for land in Lennox Head is,” he said.


24 HOUR SELL OUT AN EPIQ ACHIEVEMENT

The exclusive sales launch of release two of the Epiq Lennox Head community attracted twice as many prospective buyers as there were homesites, leading to a $23.5 million sell out in just one night.

Developer Clarence Property counted 116 registered buyers at the invitation-only launch event, which saw 66 homesites go under contract following a ballot draw to ensure all attendees had a fair chance to secure a lot.

Prospective purchasers’ names were drawn from a barrel, with those selected given the opportunity to choose their preferred homesite, with prices ranging from $245,000 to $355,000.

The ballot was drawn by Elder Real Estate agent Michael King, who is marketing Epiq Lennox Head and says he is not surprised by the level of demand.

He says release one of Epiq Lennox Head was similarly successful, with the immediate sellout of all 51 homesites on offer for a total of $11 million.

“Most of the people who missed out on the ballot draw are on a waiting list and many have pre-registered for release three, which is already in the pipeline as the developer tries to keep pace with demand,” Mr King said.

“There’s a good mix of purchasers buying into the Epiq community, including first time buyers, families, mature couples and retirees. The majority are locals who already live in the Lennox or Ballina region, although there is increasing enquiry from further south and across the Queensland border.”

Mr King says Epiq has hit the mark with locals because it builds on all of the town’s best characteristics.

“Epiq is being built on an elevated site which is surrounded by hectares of protected bushland and nature corridors, so it is a beautifully green and vibrant place just a short drive from the beach – which is a big part of the Lennox Head identity,” he said.

“Epiq is also very community focussed, with new sporting fields already under construction and due for completion later this year, so the development will become a new place for locals to keep active, healthy, and socialise.

“A new shopping precinct planned for the centre of the development will add value to the project because convenience and proximity to amenities always rank highly on purchasers’ wish lists. Epiq is also close to the existing Lennox Head village centre which is home to a range of boutique stores and cafes.”

“Epiq will enhance the relaxed, coastal village lifestyle Lennox Head is renowned for and enrich the area with new facilities for the next generation of locals who want to live, work, and play here.”


LENNOX AN EPIQ PLACE TO LIVE

First home buyers and young families looking for a brand new, affordable beachside home are lining up for the next release of land at Clarence Property’s Epiq Lennox Head, which sold out of its first 51 homesites within just weeks of release last year.

Civil works on the first release of homesites are now almost complete, with settlements scheduled to occur by mid-year, meaning Epiq’s first residents could move into their new homes by Christmas.

Clarence Property General Manager Paul Rippon says release two of Epiq – comprising 80 homesites – will be released in the coming weeks to meet pent-up demand, with dozens of buyers already registering their interest with exclusive marketing agents Elders Lennox Head.

Elders Lennox Head Principal Michael King says interest in Epiq has increased on the back of on-site activity, including the construction of a 4.5 hectare sporting field complex due for completion in February.

The sporting complex will include an AFL ground, rugby/rugby league fields, soccer fields, and two synthetic cricket pitches.

Mr King says construction has also recently commenced on a new road connecting Montwood Drive and Hutley Drive, which will improve local traffic flow.

“The majority of recent purchasers have been local first home buyers and young families who are looking to be part of a highly accessible community – meaning they can cycle down to the beach and recreation facilities within minutes and easily drive to surrounding suburbs,” he said.

“I’m expecting the second release of homesites will sell as quickly as the first, simply because it is becoming increasingly difficult to find affordable beachside land within proximity of the Tweed, Gold Coast, and Brisbane.

“The enquiry we had over the recent Christmas/New Year period is the best we have seen in about eight or nine years which demonstrates that people are recognising there is limited opportunity and are responding with urgency.”

Among the first purchasers to buy in Epiq were Nathan Dee and Prue Warren, who chose Epiq for its location and affordability.

Mr Dee said he often surfed at Lennox Head and loved the idea of living near the beach, but there was limited land available in the right price range until Epiq was launched.

“My partner and I have lived in Ballina and are currently renting in Alstonville, so Lennox Head has always been a favourite spot for us to visit the beach and we were excited when we heard that there was an opportunity to buy land in the area,” he said.

“There’s not much beachside land available on the Tweed or Gold Coast, and what we could find was quite expensive, so when we saw homesites at Epiq just a short distance from the beach starting from the mid $200,000 bracket we jumped on board.”

“It’s a better option than buying an older, established property in the area or moving further inland to get a property comparable to our new four bedroom home for under $500,000.”

“Lennox Head is a small community but the plans for Epiq include sporting fields and a new retail centre which will be convenient, meaning we don’t have to travel to do our shopping. When we do need to go back to Lismore or Ballina for work or to visit friends it will be an easy trip because of upgrades to local road networks and the highway.”

“We can’t wait to move in and be a part of this new community” Mr Dee said.

Ballina-based Clarence Property recently launched its first capital raising in six years for its flagship unlisted Westlawn Property Trust, in a bid to raise up to $40 million to retire debt and fund new acquisitions through the issue of some 51 million units in Westlawn Property Trust at 79 cents per unit. The forecast distribution yield on these units is 8.23 per cent per annum, paid monthly.

For more information, please visit www.epiqlennox.com.au or www.clarenceproperty.com.au


EPIQ EFFORT TO KEEP LENNOX LOOKING GREEN

Nearly 10,000 trees, shrubs and hedges have been planted in the first release of the new Epiq community at Lennox Head, with developer Clarence Property appointing local ecologists GeoLINK to manage conservation and environmental planning.

GeoLINK Senior Ecologist Veronica Silver has been working to conserve threatened plants on the 80-hectare Epiq site, and has activated the re-planting program to ensure the project’s sustainability. Ms Silver said two threatened species within the freshwater wetland – Square-stemmed Spike Rush and Hairy Joint Grass – are already being restored as part of an extensive conservation plan.

“Clarence Property has taken a responsible approach to Epiq by creating a conservation management plan from the outset, which means no development work is done without consultation in regard to environmental impact,” she said.

“A lot has already been achieved, with the planting of 7,000 native trees and 2,600 Square-stemmed Spike Rush, along with Hairy Joint Grass seed being spread over 2-hectare conservation zone.”

Ms Silver said Epiq’s conservation management plan protects freshwater wetland, littoral rainforest and swamp sclerophyll forest which are all endangered ecological communities.

“The plan not only covers conservation and rehabilitation – which includes weeding and pest management – but also the enhancement of endangered vegetation communities, which requires revegetation and ongoing monitoring to ensure these areas thrive” she said.

“In addition to caring for plant life, we look out for local fauna. GeoLINK staff complete surveys prior to any vegetation being removed from the site to ensure that no fauna habitat features are present. The substantial restoration work being completed at the site will increase habitat for a range of local fauna species.

“The trees that have been planted will increase the area of rainforest present which will provide habitat for fauna that prefer this type of vegetation. Several large figs and tuckeroos are also being kept within the site which will provide stepping stones for mobile fauna and provide beautiful natural landmarks for residents to visit.”


YOUNG BUYERS STAYING IN LENNOX-BALLINA REGION

Increased development activity, upgraded infrastructure and employment opportunities are encouraging young residents in the Lennox- Ballina area to look closer to home when buying a new property.

Elders Lennox Head principal Michael King said improved lifestyle and economic conditions meant a growing number of local young couples and families were choosing to invest in the region instead of searching for a new home further afield.

Mr King said the Lennox-Ballina region currently had numerous active residential developments selling land off-the-plan, giving residents more choice than in previous years, while major road upgrades had made the area even more connected and accessible.

“What we’re seeing is more young people choosing to stay in the area they grew up in instead of moving to be closer to work or education, and I think that is a function of the fact that there’s more opportunity here now,” he said.

“The Lennox-Ballina region has always had a price point advantage over neighbouring Byron Bay and the Tweed and Gold Coasts, and young people are recognising that it makes sense to stay and take advantage of the growth the region is experiencing.

“While the area is growing and changing, it still has a relaxed, village vibe that other coastal areas no longer have, and that is another significant reason why young people are keen to stay and raise their families here.”

Mr King said the demographic of purchasers in the now sold out first release of Clarence Property’s Epiq Lennox Head community was representative of the region’s increasing appeal to the younger generation.

A report shows a third of the first 51 homesites in Epiq were secured by purchasers aged between 20 – 30 years, while 62 percent of all buyers were under 40.

The majority (67 percent) were from the Lennox-Ballina region, and 33 percent were first-time buyers.

“In previous years residential land has been drip-fed to the market and that has meant prices were often out of reach for entry-level purchasers, but now that larger masterplanned communities like Epiq are on the market homesites are more affordable,” Mr King said.

“The other positive trend we are seeing is that young people who already own a home are choosing to reinvest in the area, which means that second and third home buyers have confidence in the market and are likely to stay for the long term.”

Wes Bale is a 27 year old born and bred Lennox Head local who is an example of the demographic shift in the region.

“I grew up in Lennox Head and love the relaxed, beachside lifestyle here,” he said.

“When I decided to buy a property I was initially looking at established houses because there wasn’t much else available in Lennox. When land was released at Epiq I realised it made sense to take advantage of the $15,000 first home buyer grant and build a new home to suit my needs.

“I work locally as an IT consultant so I’m glad I have been able to find an affordable block of land close to the village which means I won’t have to commute and I can remain close to family and friends.”


LOCALS HELP CREATE NEW LENNOX DEVELOPMENT

The new $200 million Epiq Lennox Head development will create up to 580 jobs over the next five years, with the majority of work to be given to locals according to developer Clarence Property.

Epiq, which is currently the largest privately funded civil works project between the NSW mid-north coast and Queensland border, will deliver up to 335 jobs during its construction phase, with a further 245 ongoing jobs to be created at and supporting the project’s planned shopping precinct.

Construction is complete on the sold out first stage of the community, comprising 51 homesites and sporting fields, with the majority of work undertaken by contractors from the local region.

Clarence Property managing director Peter Fahey says he has already awarded $16 million in planning and construction work to Northern Rivers businesses and is committed to supporting local employment and economic growth as the project progresses.

Some of Epiq’s stage one contractors include Lismore-based town planners, surveyors and engineers Newton Denny Chapelle, Ballina-based civil contractors Morgans Earthworks and Lennox Head-based environmental planners GeoLink.

“It’s important for Lennox-Ballina residents to be able to take ownership of Epiq – this is a project being created by the community, for the community,” he said.

“We feel that by employing local businesses we are engaging people with the best knowledge of the region and the passion to create a place that will be a lasting legacy for their families.

“Aside from the social benefits, the economic flow on effect of keeping jobs local is astounding – particularly in regional areas. It’s estimated that the economic benefit of a local developer employing local workers is three times greater than a non-resident developer enlisting a team from surrounding areas, interstate or overseas.

“It makes sense to employ people who will spend most of their wages locally at the end of the working day so the whole community benefits.

“About 70 per cent of people who have purchased in Epiq to date are from the Lennox-Ballina area, so we are really investing in the lifestyle of our future residents.”

Clarence’s local employment drive has already come full circle, with local resident and Epiq civil engineer Josh Blackler securing a homesite.

Mr Blackler says he is excited to purchase in the community he is helping to build.

“I work for Newton Denny Chapelle, a Lismore-based firm which was awarded the contract to design and project manage the civil works for the first stage of Epiq, so I’m on site every day,” he said.

“I was impressed with the masterplan – particularly the inclusion of a shopping centre and sporting fields- so I looked into pricing for the first stage and decided to buy a homesite the same week I married my wife Cassie.

“We’ve just had our second child and we’re very excited to be raising our family in this new community, as I grew up in Lismore and have always loved visiting the beach at Lennox.

“Working at Epiq means that I can watch our new community take shape and I’m really looking forward to moving into our new home early next year.”

For more information , please visit www.epiqlennox.com.au or www.clarenceproperty.com.au