Local buyers flock to bid at The Fields
All land lots in the masterplan development The Fields successfully sold at auction, with majority of buyers flocking from adjoining suburbs.
Located 45 kilometres from the Sydney CBD in Schofields, the 14 residential land lots went to auction last week with around 70 people attending.
“Typically land in this area is sold by a ballot system which is based on ‘first in best dressed’. However an auction sale allows buyers to compete for land on an even playing field,” says Laing+Simmons Hurtsville managing director Matthew Matthews.
The smaller lots of 350 square metres were priced from $320,000 with some larger lots securing $382,000.
The lots sold to a mixture of buyers, including builders who plan to offer house and land packages, as well as local couples and families.
The Fields has an expected completion date of August 2014.