Cyndy Chan
Brisbane median house price and affordable block of land near Brisbane
Dirt cheap: Where you can nab a bargain block near Brisbane for $200,000
Dirt cheap land deals across south-east Queensland may have dwindled over the past decade, but you can still nab a bargain block for just over $200,000 less than an hour from the capital – and Logan, Ipswich and Woodford now boast the lion’s share.
Pebble Creek – a development about a 45-minute drive from Brisbane in South Maclean, Yarrabilba – a masterplanned community that’s 45 kilometres south of the capital, and Woolmar – a couple of hours from the city and an hour from Caloundra, are selling some of the cheapest blocks on the market in mainland south-east Queensland today.
And at $204,000 a pop for some, developers say they’re drawing droves of Brisbane first home buyers who can snag a new home for less than half of the city’s median house price, which is $848,752 according to Domain’s latest data.
At Yarrabilba, a Lendlease development near Logan Village, dozens of blocks priced below $300,000 are selling in the latest release, and the cheapest on offer costs $204,000 for a 448-square-metre block.
In Pebble Creek, stage 10 of the Orchard Property Group development recently plated up lots starting from $245,000 for a 294-square-metre lot. At Woolmar, which sits a stone’s throw from Woodford, 628-square-metre lots are on offer for as little as $229,000 through QM Properties.
Outside of house and land developments, bargain land buyers are spoiled for choice in the Ipswich region, where lots as large as 844 square metres can be nabbed for under $300,000.
Offshore, however, some of Queensland’s cheapest land can be found on Russell Island where dozens of bargain land parcels are advertised, with 549-square-metre lots selling for as little as $44,950, Domain search results show.
On the other end of the spectrum, South-East Queensland’s priciest land parcels can be picked up on the Gold Coast, the Sunshine Coast and metro Brisbane – with one of the most expensive non acreage lots currently on the market in Southport.
The 857-square-metre vacant lot at 124 Marine Parade is being marketed for $8.5 million through Amir Prestige Group.
For 24-year-old Brisbane healthcare worker Ellie Robinson, the surprisingly cheap cost of land just 45 minutes outside of Brisbane city allowed her to climb onto the property ladder at 22.
“I’d been putting money away for around three or four years but when I first started looking to buy in 2020, I had no idea where to go,” she said.
“At the time I was working in the city and there was nothing affordable there.
“Then I came across Pebble Creek. To buy the land and build the house cost just $400,000 … I honestly had no idea I could get a new house for that price.”
As for the cherry on top of the affordability cake, Robinson said she met her now partner (Scott Tickle) during a friendly Friday night community ping pong game – and the pair are now planning to build a new home together within Pebble Creek.
“He was a first home buyer here and he also works in the city,” she said.
“We both really love the location because it’s close to a lot of things we like.”
Pebble Creek Estate sales manager Matt Spencer said first home buyers like Robinson were driving demand for land purchases within the community.
“Between 80 and 85 per cent of our clients are first home buyers and their ages range from 18 to 50,” he said.
“Many buyers here thought they would never be able to get into the market, but they’ve since gone on to purchase their first block and house.
“The most expensive block we’ve sold here was for $375,000 and that was for an 800-square-metre parcel.”
The Queensland government recently announced it would double the First Home Owner Grant, taking the total to $30,000 for eligible first home owners. This $15,000 boost came into effect on November 20.
Lendlease Head of Queensland Communities, Ian Murray, said demand for affordable lots had remained high over the past year, despite industry challenges.
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sourced from domain and Brisbane property: Where you can buy a cheap block of land near Brisbane (brisbanetimes.com.au)