Following the success of its last land release in May, developer Capricorn Village Joint Venture has announced the release of another 14 home sites at its Atlantis Beach estate in Two Rocks.
Atlantis Beach Estate Manager Richard Cull said the Swallowtail land release had been brought forward earlier than expected due to the earlier Seabass release having nearly sold out.
“The Seabass release consisted of 23 home sites, with 14 of those being in excess of 400sqm and others up to 550sqm,” he said.
“These home sites were quickly snapped up by families wanting to purchase a larger coastal home site that offered exceptional value for money so they could build a large home with additional outdoor space for children.”
Therein lies the value proposition of the estate, according to Mr Cull, who said the new parcels of land were predominantly around 450sqm and by far the most affordable lots of this size on the north-west coastal strip.
“The first release in this new stage consists of 14 home sites located on Fortescue Boulevard at Atlantis Beach, and is located within walking distance to multiple parklands and a future primary school,” he said.
“With 12 of these home sites being 15m by 30m blocks, they are the perfect size for families or those wanting to build a larger home.”
Like the Seabass land release, Mr Cull said he expected the sites within Swallowtail, which start from $172,000, to sell quickly due to their size and affordability, especially given they were expected to be titled before the end of the year.
“The fact these home sites will be titled in December 2020 means people who purchase in the Swallowtail land release can qualify for the generous Federal and State Government building grants that require a signed homebuilding contract before December 31, 2020,” he said.
“If you are a first homebuyer, this could mean you could secure government incentives of up to $55,000 on these new lots.”
Eligible Western Australian homebuyers can currently claim the State Government’s Building Bonus grant ($20,000) and the Federal Government’s HomeBuilder grant ($25,000) in addition to WA’s long-running $10,000 First Home Owner Grant.
Beyond the financial incentives, Mr Cull said Atlantis Beach and its surrounds offered an aspirational coastal lifestyle and retreat from the busy day-to-day of Perth’s inner suburbs.
“Two Rocks is an established community with a high level of existing social infrastructure that has drawn many people to Atlantis Beach,” he said.
“Another major attraction for buyers is the new land release is located towards the southern end of Atlantis Beach and around five minutes’ drive to the future Yanchep rail station, which will open in early 2022.
“This $500 million project will reduce the travelling time from Yanchep to the Perth CBD to only 49 minutes and down to only 20 minutes to Joondalup.
“We anticipate the opening of the new Yanchep train station will give a boost to property values in Atlantis Beach due to these shorter travelling times.”
Contact: Atlantis Beach, Richard Cull, 0409 996 733