Acreage has historically been the lifestyle choice of second or third home buyers, but QM Properties outer north side Brisbane office have seen a different trend emerge.
“In the past few months we have seen a strong move in the market for young first home buyers choosing acreage,” said QM Properties Sales Manager Damien Ross. “Our acreage sales comprise 35% of all QM’s land sales, whereas it was only 25% in the 12 months prior.”
“Over 50% of our sales in Springbrook Estate are to young couples in the Burpengary, Caboolture and Dayboro areas,” said Northside Sales Manager Scott Valentine.
Scott, who has lived on acreage all his life, now on his third home, clearly sees the benefits of acreage living.
“This trend, I believe, is due to a combination of factors in the market at the moment,” he said.
The old real estate adage ‘price fixes everything’ comes into play with the affordability of QM’s estates such as Springbrook, Ocean View and Westwood.
Eligible Buyers can purchase a 3000 square metre block from an entry level of $189,900 without paying stamp duty and then obtain the $15,000 in government grants when building their new home.
A single story, four bedroom, two bathroom house can be built to their preferences for as little as $170,000 with local builders such as DJ Roberts Constructions.
“Estates in such suburbs as Narangba in the area are still charging $205,000-$207,000 for a tiny 375 square metre block,” said Scott. “The figures just don’t add up and this is the most price sensitive market segment.”
“This market is also well educated and researched due to social media and the internet, and they know that acreage is disappearing,” he said. “At Ocean View for example, ours is the last acreage available in this area which is highly desirable due to its vistas of Moreton Bay.”
Security is another aspect that Gen Y and X seem to be concerned about, with many buyers gravitating to the area after it was named in the Top 10 safest areas to live (low crime rates).
“Residents on acreage feel secure, which is strange to city dwellers,” said Scott. “It’s remote, and your neighbours are a fair distance away, but it is safer with less crime than in built up areas,” he said.
“People in rural areas look out for each other and a strange vehicle is noticed immediately,” said Scott. “Many people, including myself forget to lock the house up half the time,” he laughed.
Young couple Andrew Stapleton and Liz Shaxton from Bray Park are typical of this demographic, recently purchasing in Springbrook Estate. Liz, who works at North Lakes College, grew up on acreage herself.
“There will be room for a decent sized house, kids in the future and our German Shepherd,” said Liz. “We love the security, plus the fact that everyone is an owner occupier, you really don’t want to be in an area with streets full of investment properties.”
The couple don’t see the area as being at all remote with a 15 minute drive to Caboolture and now rail link to Redcliffe planned for the future.
The couple also like the friendly community and village atmosphere in Dayboro.
“We love the country town feel and little shows and people are genuine here,” said Liz.
Dayboro has a designer deli, farmers market, a glamorous winery and restaurant which are doing good business appealing to the new younger arrivals.
“We can offer more infrastructure now as younger people are moving in,” said Scott.
Scott’s turf covers Ocean View, Springbrook Estate, Sanctuary Grove and Westwood.
“In the past acreage was the choice of 2nd or 3rd home buyers with older children,” said Scott. “But it is all changing now.”