A ma­jor res­i­den­tial land de­vel­oper has launched a cam­paign to help ner­vous buy­ers re­alise their great Aus­tralian dream.

The month-long “40 Un­der $400,000” pro­mo­tion, which ends on Novem­ber 3, is be­ing run by Peet Lim­ited and was de­signed to chal­lenge price fears in the new home mar­ket.

Peet’s chief ex­ec­u­tive and man­ag­ing di­rec­tor, Bren­dan Gore, said the com­pany wanted to show there was still a big choice in qual­ity, af­ford­able homes in south­east Queens­land.

“Peo­ple are hear­ing a lot about es­ca­lat­ing prop­erty prices and are re­ally wor­ried about be­ing priced out of the mar­ket,” he said.

“A lot of peo­ple have started to give up on their dreams, but they just need to look a lit­tle more closely at the new prod­uct and new com­mu­ni­ties that are avail­able.

“We want to re­as­sure them that it isn’t too late. It is still very pos­si­ble to buy an at­trac­tive fam­ily home that’s close to ameni­ties and in an area with good in­vest­ment po­ten­tial for un­der the magic $400,000.”

Peet has 40 house and land pack­ages un­der $400,000 in growth ar­eas near Ip­swich, Ca­bool­ture and Lo­gan. Prices start from $295,000 with the First Home Own­ers’ Grant. The pack­ages fea­ture the lat­est de­signs from brand-name builders, and most are on new lots that have not been re­leased.

“Each house and land pack­age in­cludes free front land­scap­ing and fencing,” Mr Gore said.

At the new satel­lite city of Flag­stone, half­way be­tween Bris­bane and the Gold Coast, Peet is of­fer­ing more than 15 new pack­ages.

The lat­est de­signs from nine lead­ing builders have been paired with the first lots in a brand-new neigh­bour­hood close to the ex­ist­ing pri­mary and high school and are a short walk from the fu­ture city cen­tre.

They are on the doorstep of the $12 mil­lion Flag­stone Cen­tral Park, which is un­der con­struc­tion and will fea­ture re­cre­ation fa­cil­i­ties in­clud­ing a gi­ant play­ground.

This River­ton by Si­monds Homes, avail­able at Eden’s Cross­ing, is just one of the homes avail­able as part of Peet’s 40 un­der $400,000 cam­paign.

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