Where to find blocks of land around Melbourne for under $200,000
Blocks of land for new homes can be found around Melbourne at well under the $200,000 threshold.
Starting at around $95,000, Property Observer has found eight Melbourne suburban housing estates where land can be bought for under $200,000. It may mean a long commute once the house gets constrtucted, but the land prices are low.
1.
$95,000
Mickleham
The latest project from Evolve Development, The Woods, has home sites available starting at $95,000. There are 42 sites available in the first release, with land sizes starting at 213 square metres. It’s about 30 kilometres north of Melbourne. There have been six $95,000 block sales to date with the further supply of $95,000 blocks being driven by market demand. The $95,000 blocks are 213 square metre with 8.5 frontage. Approximately 25% of the first public release - known as Hollington Release - has sold since its recent opening weekend.
2.
$99,000
Eynesbury
The Eyensbury Township is a development by GEO Property Group. For $99,000 you can buy 290 square metres. The development is well sold with a limited number of lots remaining. The suburb is about 35 kilometres west of Melbourne.
3.
$139,000
Wyndham Vale
A 315-square-metre lock of land in Belle Meade Estate costs $139,000. The estate is three kilometres from Weribee train station and 27 kilometres south-west of Melbourne.
4.
$140,000
Pakenham
In the Amberlea Estate $140,000 will buy a 306-square-metre block of land. This estate is situated in the Henry Road precinct, providing easy access to the Freeway. It is about 50 kilometres south-east of Melbourne.
5.
Doreen
$140,000
Land in Panorama Estate in Doreen can be picked up at reduced prices, with agents listing land at $140,000 rather than the initial $160,000 asking price. That price will buy you 416 square metres. Doreen is about 30 kilometres north-east of Melbourne.
6.
Beveridge
$149,000
A 315-square-metre block of land in the Mandalay Estate in Beveridge costs $149,000. The estate is accessed via the Hume Highway and is near to Cragieburn and Wallan. It is nearly 40 kilometres north of Melbourne, though, and a long commute.
7.
Williams Landing
$190,000
The Cedar Woods development has prices starting at $190,000. Approved as a new suburb in May 2007, the area is one of the fastest-growing municipalities in Australia, according to the developer. Near Hoppers Crossing, the suburb is 20 kilometres south-west of Melbourne.
8.
Berwick
$195,000
A 350 square metre block of land in the Orchard Rise development costs $195,000. The development has approval for 87 lots. The estate offers 1.6 hectares of parks and recreation facilities. Berwick is 40 kilometres south-east of Melbourne.
Outside of large developments, there are also isolated blocks of land available for sale by individual vendors.
1.
$120,000
Chirnside Park
An isolated block of land in Chirnside Park starts at $120,000 for a 495-square-metre block. Near Lilydale, Chirnside Park is 30 kilometres east of Melbourne.
2.
$120,000
Cranbourne
A 250 square metre block in central Cranbourne costs $120,000. It comes with planning approval for a double-storey, three-bedroom dwelling. Cranbourne is 40 kilometres south-east of Melbourne.
3.
Melton
$105,000
In Melton you can buy a 212-square-metre block for $105,000. It comes with planning approval for a two-bedroom house. Melton is nearly 40 kilometres west of Melbourne.