HEAD FOR THE HILLS
Extra space and value for money is drawing buyers to large lots as the soaring cost of city property and growing popularity of subdivisions makes it more attractive.
Villawood Properties executive director Tony Johnson said acreage land had become a popular choice among buyers, citing strong sales of its 158 large lots in the Montego Hills community at Kingsholme.
“The price gap between acreage and suburban housing is quite small and savvy buyers are starting to recognise the amount of space they can get for their money, if they know where to look,” Mr Johnson said.
“When you consider a homesite in a popular Brisbane suburb like Salisbury, which is about 20 minutes from the city, is around $430,000 for 405sq m and then you travel an extra 20 minutes down the road to Kingsholme where you can get more than 12 times the land size for a similar price, it’s no wonder more buyers are seeing acreage as a popular alternative.”
Mr Johnson said acreage in Kingsholme had a winning combination of rolling hills, proximity to shops, local amenities, access to transport and somewhere to build a dream home.
“Acreage no longer has to mean living miles from everything. From Montego Hills, residents are just five minutes from the closest supermarket, 25 minutes to the coast and only a 40-minute drive to Brisbane’s CBD,” he said.
“On an acreage lot, people get to make nature their neighbour and live in a peaceful, rural setting close to bushland and the beautiful coastline, while still having access to everything they need. At Montego Hills, we’ve had buyers build four, five and six bedroom homes with state-of-the-art features like atriums, and spacious split-level designs.”
With lots starting at 4,047sq m, more than 80 per cent across the first four stages have been sold, with Montego Hills’ first residents settling into their homes earlier this year and the next stage soon to be released.
Value for money and room to move is appealing to buyers at Montego Hills in Kingsholme.