Sherwood has opened its doors to first-home buyers despite the suburb’s soaring average home price. Sherwood’s first master-planned residential community is giving first-home buyers the opportunity to secure a foothold in the booming west.

With the latest REIQ report showing a 19.4 per cent growth in Sherwood house values over the quarter to December 2008, Parklands at Sherwood is offering buyers a new level of choice and making history as the first master-planned residential development in Brisbane’s western suburbs.

Pradella’s director of sales and marketing Ross Higgins said Sherwood was a highly desired inner-city suburb that benefited from excellent public transport links, beautiful parklands and a café lifestyle, but had long been out of reach for first time buyers with its high entry price tag.

“If you consider that Sherwood is an exclusive riverside suburb where the median house price is hovering in the high $700,000’s, Parklands presents a unique opportunity for buyers to secure a foothold in the market with a one-bedroom apartment selling from $375,000,” Mr Higgins said.

“The current environment has fuelled first home entry to the market with low interest rates, an increased first home owners grant and reduced buyer competition, but buyers should be careful to seek out good investment opportunities by choosing a property that represents value for money and most importantly is in the right location.”

Buyers should not have to compromise on location or luxury with Parklands apartments boasting contemporary design, premium finishes, air conditioning, sweeping balconies with views over the parklands, secure basement parking and high speed broadband.

“When you combine its contemporary designed apartment living and leisure facilities with the natural setting, local amenities and transport links, Parklands provides a rare opportunity to secure a dream inner-city lifestyle without the top end price,” Mr Higgins said.

He said Parklands combined the conveniences of inner-city living with the abundant lifestyle options of a suburban community, providing good links to amenities such as first class education, transport, leisure facilities and shopping, with Indooroopilly Shopping Centre only five minutes away. Parklands also offers a resort-style environment with a host of recreational facilities including an air conditioned gymnasium, 20-metre lap and wading pool, barbecue facilities and entertainment room featuring a projector screen, kitchenette, change rooms, showers and toilets.

For more information about the community visit www.parklandsherwood.com.au or the sales office on Egmont Street (off Sherwood Road), open 10am to 4pm daily.