Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Fonzie Flats for the Not So Richie; Would Potsie and Ralph Malph Have Happy Days in a 93sq M Loft?

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Fonzie Flats for the Not So Richie; Would Potsie and Ralph Malph Have Happy Days in a 93sq M Loft?

Article excerpt

Byline: MARK FURLER

LOFT homes above garages dubbed Fonzie flats could go for as little as $200,000 at Caloundra South as part of plans to deliver a new diversity of housing for the region.

The man now planning the 50,000-people project, Paul Eagles, said two areas of Caloundra South, Bellvista 1 and 2, would be earmarked for aearly releasea with developer Stockland expected to have bulldozers on the site within 12 months.

The Urban Land Development Authority boss said Caloundra South would deliver a far greater diversity of housing by offering smaller house and lot sizes.

Mr Eagles gave examples from the government-owned Fitzgibbon Chase development in Brisbane which he said had delivered small apartments built above a garage from $199,000.

He said the one- and two-bedroom Fonzie flats a named after the character in the hit TV series Happy Days a had been snapped up.

The one-bedroom homes, which are only 93 square metres a including the garage a are being promoted as having an aopen plan kitchen, living and dining area and large entertaining balconya.

Mr Eagles said given land costs in the Brisbane project were higher, Stockland should be able to deliver a similar product at an even cheaper price.

But already the prices of the homes in Brisbane have climbed with most now selling for $265,000.

The State Government, which seized control of Caloundra South from the council, has promised at least one third of dwellings across Caloundra South would be available to buy or rent by a household on $857 a week or $44,564 a year.

Another five percent would be affordable for those on 80% of that amount.

Bankers jumped on the figures this week, raising doubts about whether people on such low incomes could afford to buy into the area.

But Mr Eagles said affordable housing included properties bought by investors and rented out at a rate such people could afford. …

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