Dubbo's Newest Streets Officially Opened
Dubbo has officially opened its two newest streets with Keswick Estate’s Targa Avenue and Scope Circuit now accessible to the public.
The two streets make up Release 1 of Dubbo Regional Council’s Keswick Estate’s Stage 5 development and demand for land has been so high that all 59 blocks have bene sold or are under contract well ahead of schedule.
It is a positive sign for the Dubbo Region as it looks to recover from the impacts of the COVID-19 pandemic and years of drought.
Mayor of the Dubbo Region Ben Shields said the success of Council’s development was very encouraging.
“These lots have sold so quickly that it has exceeded the expectations of the Council. Staff are now working flat-out to get the next release area planned to try and meet demand,” Councillor Shields said.
“Keswick Estate has been a great addition to Dubbo’s housing availability and this Council’s move to have Elders Real Estate manage the Estate on our behalf has been a success. They have been rushed by buyers which has been exciting to see.”
Licensed real estate agent for Elders Real Estate Adam Wells said the demand was a very positive sign for the Dubbo housing market.
“This is the newest housing development release in Dubbo and the reception shows the market is very strong despite the challenges we have faced in 2020,” Mr Wells said.
“Council’s decision to have a professional agent sell on its behalf was a crucial one because we have been able to market it in a way befitting a premium estate that is located close to Orana Mall, schools and other important amenities.”
In a boost for the environment and buyers, the sale price included a $5,000 rebate for buyers upon installation of a five-kilowatt rooftop solar system. It is estimated the system would save each home owner $1,880 each year in electricity costs. Additionally if all lots embrace the offer, it will create a combined 300-kilowatt solar electricity system for the release that would generate 480 megawatt hours of electricity each year and reduce carbon emissions by 480 tonnes per annum.
Last Edited: 05 Jan 2021