The Queensland Master Builders Association (QMBA) and QM Properties have announced the opening of Australia’s only major acreage display village at Jimboomba.
The village, at the ‘Jimboomba Woods’ estate, on Mundoolun Road, will feature five builders showcasing six of their latest prestige acreage design homes.
“There is no opportunity in residential display villages to present large homes, particularly big single storey ones,” said QM Properties Sales Manager, Damien Ross. “We have several builders who specialize in these upscale homes, and they really need to be able to showcase them in real bricks and mortar.”
Despite the 2005 South East Queensland Regional Plan curtailing large scale subdivisions, it has not seen the end of potential tree changers.
“The supply of small acreage blocks is finite,” said Damien. “The planners do not like Rural Living/Residential zoning and want to restrict this due to infrastructure and services issues, but our buyers love them.”
Acreage estates are obviously larger than urban blocks and further away from city and town centres. Planners are concerned that they require longer roads, extended postal services and down the track buyers will demand more community facilities like schools.
However, regardless of what governments of all levels are planning, rural residential has a strong appeal, particularly for growing families and empty nesters.
The builders, Metricon, Newstart, G.J Gardner, Oracle and Stroud will display homes up to 60 square metres in size. They all have confidence in these products, and there being plenty of buyers in this niche.
QMBA Villages Manager Andrew Rockley sees Jimboomba as the ideal location for this unique village.
“We see that the Brisbane to Beaudesert corridor will be one of the strongest areas this cycle,” said Andrew. “Acreage is a market niche which thrives in Queensland, with a growing number of buyers looking for larger footprint.”
Jimboomba Woods, a 550 lot acreage development was one of the last rural subdivisions allowed before the SEQ Regional Plan tried to put the brakes on the tree changers. This was under the governance of the old Beaudesert Shire, which was incorporated into Logan City.
The market has responded well to Jimboomba Woods with over 60 sales this year.
65% of buyers have been local Logan City residents looking to buy their first home or upgrade their current home, with the majority of the rest moving from Gold Coast and Brisbane.
“Half of the buyers have moved from standard residential blocks, attracted by the dream of acreage,” said Damien.
“We have also found that the infrastructure in the area, the easy access to the Mt Lindesay Highway and the NBN rollout are all attracting quality buyers.”
Jimboomba Woods land ranges in size from 4000sqm to a substantial 2.37 hectares.
The Beaudesert and Jimboomba district is former grazing country, with lush grasses surrounded by picturesque mountain vistas.
Buyers can choose from near level, gently undulating to elevated blocks with Brisbane city views.
Our buyer profile is split evenly between with second home buyers just outweighing first home buyers at 55%. 95% of residents are owner occupiers, which has meant that the estate is full of proud home owners.
This fits with the demographic of Jimboomba which is almost evenly divided into children, teenagers, generation Y and X, and Baby Boomers.