Interstate buyers migrating to Queensland

Date Released - February 1, 2018.

New Home Queensland

Interstate buyers migrating to Queensland are taking the opportunity to upsize due to the availability of new housing on bigger blocks and greater housing affordability.

According to the UDIA 2017 State of the Land Report, the national median lot size for new builds in 2016 was 407sqm, with Sydney at 396 sqm and Melbourne at 400sqm[1].

Bucking that trend, QM Properties’ General Sales Manager Damien Ross said larger lots are proving popular with buyers across its south-east Queensland communities.

“In the Moreton Bay region, which topped the list for Queensland’s highest regional internal migration rate in 2015-16[2], our Sandstone Lakes community at Ningi offers land lots of up to 677sqm,” said Mr Ross.

“Nearby Pacific Harbour at Bribie Island offers up to 1,000sqm lots and Caboolture’s Central Springs has up to 800sqm lots.”

After raising their family in Western Sydney, Gavin and Susan Brown decided it was time to make a sea change and recently purchased a 500sqm parcel of land and built a brand new four bedroom home at QM Properties’ Sandstone Lakes community at Ningi.

“We were able to purchase a bigger place than what we could if we had stayed in Western Sydney, so there is plenty of room for the kids to come and visit when they are missing a home cooked meal,” said Mr Brown.

“The biggest drawcard of Sandstone Lakes was its affordability and proximity to the coast. We are both fishing enthusiasts and try to get out on the water as much as possible – it’s is a very liveable part of the world.

“The Sandstone Lakes community is very relaxed and friendly also and people here enjoy a good laugh, even when I bring out the blues jersey.”

According to Mr Ross, the Sandstone Lakes community is currently in its final stages of development with only 75 blocks of the original 1000 left.

Sandstone Lakes represents one of the final opportunities to buy new within that coastal corridor between the Bruce Highway and Bribie Island, and to enjoy all the lifestyle benefits the region offers,” Mr Ross said.

“Affordability has also been a key driver for sales, with home and land packages, which are big enough to fit a shed available from $356,000, which comes down to $336,000 for Queensland’s First Home Owners’ Grant.”

[1] 2017 UDIA State of the Land

[2] ABS Regional internal migration estimates, Statistical Area Level 2 – 2006-07 to 2015-16