Richlands

The Brisbane developer Azure Development Group&nbsp;has secured approval for another townhouse development in the Brisbane suburb of Richlands.

It&#39;s the fourth project Azure have undertaken on the popular Government Road, which has easy access to the Centenary Highway.

The approval at 182&nbsp;Government Road is for 55 townhouses, dubbed the Mason Edition.

[smartcode_project:default project_id=93956]

Designed by Red Door Architecture, each dwelling will have three bedrooms and a&nbsp;courtyard&nbsp;which has will either be&nbsp;positioned outwards along the site boundaries or facing internally within the site.

Communal space has been provided in stage one, with a new swimming pool, sun lounge area and lawn space. The&nbsp;landscape architecture and urban design have been handled by LAUD ink.&nbsp;

<img alt="" height="902" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mason_thornlands_2.jpg" width="1200" />

Azure Development director Trent Keirnan believes the townhouses&nbsp;will appeal to first home buyers&nbsp;due to the affordability of the terrace homes and professional couples as the terraces offer a low maintenance design.

On the project site, Mr Keirnan says it was chosen&nbsp;due to the close proximity to the established Forrest Lake community and the transport amenity only 300m away.

It&#39;s the fourth collection of townhomes on Government Road for Azure.&nbsp;

In 2019 they completed Alton Edition, are currently selling Flora Edition and Eden Edition is currently under construction with completion scheduled for the end of March.

The approval at 182 Government Road is for 55 townhouses, dubbed the Mason Edition.

Joel Robinson

Azure Development Group secure approval for Richlands townhouse development Mason Edition

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A three bedroom townhouse at Richlands has been sold for $280,000 making it Brisbane’s most cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-townhouse-qld-richlands-125226690" target="_blank">23/20 Kathleen Street</a> in the Progress Park development, the property was marketed as suitable for investment or first home buyers.
Its price had falled back on its 2009 purchase of $339,000.
The master bedroom of the townhouse has an ensuite, walk-in wardrobe and a balcony.
The open plan living and dining areas opens to a pave outdoor space.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/14/23_20%20Kathleen%20Street-2.jpg" alt="" style="font-size: 12.16px;">
The development with a communal swimming pool and barbecue area has seen many of its townhouse's prices go backwards.
One of the most recent sales in the development saw another three bedroom townhouse fall back from $330,000 in 2009 to $275,000.
Its current rental return is between $350 and $360 a week, which would reflect around a 6.8 percent yield.
The home had been on the market for nearly a year before its sale. It came with an asking price of $259,000 after having initial $310,000 hopes last year.
There were two sales last year which both saw prices going backwards.
The body corporate fees sit at around $50 a week.
 
 
 
 
 
 
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