Two 21-year-olds who went from nothing to 2 houses in two years are amongst consumers driving large surges in land gross sales, newest SEQ figures present.
South East Queensland land gross sales information from Oliver Hume confirmed gross sales soared in all areas, together with an insane leap up by a 3rd in Logan.
4 of the six zones noticed double digit rises, together with Logan, Ipswich (up a whopping 25 per cent), Moreton Bay (21.3 per cent) and Brisbane (up 13.9 per cent). Gold Coast was up 5 per cent, and Redland was up 1 per cent.
First time traders Lucas Energy and Allie Buxton purchased their first house collectively in Might final yr on a 375sq m block at Pebble Creek in Logan suburb South Maclean, and at the moment are constructing a 4 bed room Resi Design Properties home on a 365sq m block a road over.
“We’re trying to buy for a 3rd time in one of many future releases,” Ms Buxton mentioned. “The world is basically rising, and we all know that Pebble Creek goes to have an enormous future. It’s the right household location and also you say howdy and wave to everybody as you stroll down the road.”
Mr Energy mentioned they’d realised their property goals sooner than anticipated.
“I’ve all the time wished to personal a number of properties and the value at Pebble Creek was actually reasonably priced,” he mentioned. “We had been capable of get in early and personal our own residence. Pebble Creek was perfect for us. We now have a foothold within the property market and we now have extra fairness, which permits us to proceed on our journey.”
The pair have caught the property bug and are even eager to see what else comes up within the subsequent spherical of land releases.
Pebble Creek’s subsequent stage us 40 homesites starting from 293m2 to 647m2 from $155,000.