First home buyers opting for acreage blocks

There has been a strong move in the market with young first home buyers choosing acreage over an inner city dwelling, according to QM Properties outer north side Brisbane office.

Acreage sales comprise of 35% of all QMs land sales, compared to only 25% in the 12 months prior.

“Over 50% of our sales in Springbrook Estate are to young couples in the Burpengary, Caboolture and Dayboro areas,” said Northside Sales Manager Scott Valentine.

“In the past, acreage was the choice of second or third home buyers with older children.

“But it is all changing now,” says Valentine.

A 3,000-square-metre block can be bought for an entry-level price of $189,000 and a single-storey, four-bedroom home can be built for $170,000 with local builders.

“Estates in such suburbs as Narangba in the area are still charging $205,000 to $207,000 for a tiny 375-square-metre block,” says Valentine.

“The figures just don’t add up and this is the most price sensitive market segment.

“This market is also well educated and researched due to social media and the Internet, and they know that acreage is disappearing,” says Valentine.

“Residents on acreage feel secure, which is strange to city dwellers.

“It’s remote, and your neighbours are a fair distance away, but it is safer with less crime than in built up areas,” says Valentine.

Valentine looks after areas including Ocean View, Springbrook Estate, Sanctuary Grove and Westwood.