The third early lot release at Goldfields’ Spindrift residential estate in Margaret River has sold out in 48 hours. <br /><br />Record sales and buyer enquiries fuelled another advanced release with sea changers and FIFO workers amongst those taking advantage of the affordable entry point in the high demand, regional market. <br /><br />The Parkfront Release became available following huge demand for earlier releases and featured 20 premium lots situated alongside the estate’s Western Parkland. Goldfields is now looking to bring forward its fourth release early to keep up with soaring demand. <br /><br />The Spindrift estate is located 3km south of Margaret River and is surrounded by nature walks, beaches, and one of the world’s best wine regions. Situated on 47ha of gently undulating land, the site is bordered by a developed community to the west, established Marri trees to the north and east, and expansive parklands within. <br /><br />Gareth Wilson, Goldfields State Director in WA, said that enquiry levels are at their highest point since the project began, confirming strong demand for affordably priced, spacious properties in one of Western Australia’s premier regional housing markets. <br /><br />“According to CoreLogic, Margaret River’s median house price has grown 11.4 per cent over the twelve months to March placing its growth ahead of major centres such as Sydney, Melbourne, and Canberra,” Wilson said. <br /><br />“Margaret River’s record low vacancy rate (one per cent), soaring rents (up 29.8 per cent), and acute worker accommodation shortage were all major factors attracting buyers.<br /><br />“Lots in the Parkfront release ranged from $222,500 to $249,500 with all properties priced below the WA average of $279,974, despite being larger*. Our next release will feature blocks of similar size and price range. <br /><br />Wilson says the diverse range, intelligent urban design, quality amenities, and landscaped reserves make Spindrift lots highly sought after by those seeking a regionally based home or long-term investment on a modest budget.<br /><br />Future resident Luke Bridges said what drew him to Spindrift was its large block sizes and competitive land prices. “Every block felt unique rather than the standard cookie-cutter approach that you find everywhere. Our new block was great value for money,” said Mr Bridges. <br /><br />“My family and I are looking forward to the freedom that comes with owning our own home in a regional community. We can’t wait to enjoy the Margaret River lifestyle of beaches, nature walks, and knowing-your-neighbour living.”<br /><br />* The average WA lot is $279,974 and 367sqm. Source: UDIA WA Urban Development Index Q1, 2024.