A PROPOSED multi-million-dollar subdivision in North Tamworth is predicted to help feed the city’s real estate market for the next 10 years, a senior property figure has said.
Developers, the Tamworth Land Company, have lodged a development application for an $8 million subdivision which would see a parcel of land between Browns Lane and Bournes Lane at Moore Creek, divided into 161 lots.
Documents submitted to Tamworth Regional Council revealed a proposal for the land to be divided into lots between 1000 and 2000 metres-square, to be developed as an extension of the Moore Creek Gardens estate.
PRD Nationwide director, Dean Cummins has been working with the developers, and said the subdivision would add to the booming Moore Creek market.
“This is really, Tamworth for the next 10 years on this side of town,” he told The Leader.
“This approval will see the continuation of this section. We started the initial stage five years ago. Back then we were sort of on the frontier, but now everyone realises how close it is to the two private schools and the CBD.
I can see the development of what used to be wheat paddocks out here back in those days, through to what is one of the most popular spots in town.Dean Cummins
“I can see the development of what used to be wheat paddocks out here back in those days, through to what is one of the most popular spots in town. It’s a proud part of my career to see this whole area develop.”
Mr Cummins said lots on the initial stages of Moore Creek Gardens were still on sale before the further subdivision was to go ahead, however expressions of interest were already being taken from prospective buyers. He said opening up the estate to the next stage would also see further business opportunities for the construction industry.
“We prefer to work with developers that see the benefits of opening the subdivision up to build with whoever you wish in town,” he said.
“We don’t focus on a particular builder like some of the subdivisions do and I find that Tamworthians prefer to find their block of land and shop with the builders.
“We’ve got a current stage on the market and as soon as that one is cleared up we will move on to the new stage.
“We’re taking names from people who want to go on the preferred shopper list, if someone wants to go in and grab their choice of block it’s a good time to put your name down.”
Mr Cummins said he was aware of plans for further housing developments on Moore Creek Road opposite the estate which would add to the property boom in the area.
Last year, The Leader reported the intention of RSL LifeCare to develop a $42 million dollar facility in the suburb. The development would include 57 self-contained units for seniors and a 62-room, two-storey residential care facility, including a dementia wing.
“For anyone who is looking for that bigger style block of land as opposed to the 700 square metre ones, this is the most popular area,” he said.