Ballina eyes 238 new homes
Ballina is set to be transformed by a $60 million residential development, with construction of housing to start on-site early next year.
Developer Ken Jones, from the Gold Coast-based Rose Jones Group, said they now had approvals from all the relevant departments and agencies.
“We are very excited about this project,” he said.
“It has taken a long time to get to this point, but we have now sold and exchanged contracts on 30 lots.”
Sales are being handled by Ray White at Ballina. The real estate’s director, Graeme Hellyar, said the cost of a block started at $250,000.
Ferngrove comprises 238 blocks of land, ranging in size from 400sqm to 800sqm. The blocks will be released in five stages, and Mr Jones said it would be ‘demand driven’.
This is a market that he understands – his previous company Genzeil in partnership with Geoff Rose were responsible for some high-profile building projects in the region, including the Ramada at Ballina and Byron @ Byron.
“Ballina is the place to be in Northern NSW,” Mr Jones said.
“It’s a growth town. It’s a pretty town with great beaches and shopping.
“The majority of people who will live here at Ferngrove will probably be second or third home owners.
“They will be a variety of people – locals, people from Sydney, empty-nesters looking to downsize or retirees from Lismore and Casino.”
Mr Jones said they were looking forward to seeing the development unfold.
“We want to be proud of what we leave behind,” he said.