The QLD-based real estate developer, founded in 1952, is another company taking on the land model as a business with a future.
Bill and Necia Stockwell’s company has been operated by their son Mark and their son-in-law Mike since 1992.
Stockwell completed its first master planned Solana Lifestyle Resort of two- and three-bedroom land lease homes at Bribie Island last year and all have been sold, with a three-bedroom, two-bathroom, two car space home reselling for over $710,000.
Work has now begun on its second Solana Lifestyle Resort at Agnes Water, with the first residents due to move into the 12ha development later this year. 70% of homes of Stage 1 have been presold to buyers from Agnes Water, Gladstone, Bundaberg, and the NT.
The resort will feature 210 two- and three-bedroom homes on completion.
Stockwell’s third land lease venture is at Hervey Bay and is planning a mid-year launch with the first residents to move in later this year. Sales will also begin later this year for Solana Northern Beaches Mackay.
