Stockland’s house and land packages are more affordable than the average established Greater Brisbane home

first_imgZane Cassim has purchased a 400sq m block at Pallara.New homes in some southeast Queensland suburbs are now more affordable than the average established home in surrounding areas.Latest figures from REIQ revealed Greater Brisbane’s median house price rose almost 2.6 per cent in the three months to December 2016, taking the median house price to $513,000.Stockland communities at Pallara, North Lakes, Stone Ridge at Narangba, Sovereign Pocket at Deebing Heights, and Vale at Holmview are all offering new home alternatives for thousands of dollars less than that figure.Home and land packages at Stockland communities start at $308,466 for a three-bedroom home at Sovereign Pocket at Deebing Heights, which is $204,534 below Greater Brisbane’s latest median house price.Even within the Brisbane local government area, house and land packages at Stockland’s Pallara community, 19km from the CBD, are priced at $454,870 which is $200,130 below Brisbane LGA’s median house price of $655,000.Zane Cassim has purchased a 400sq metre block at Pallara and is looking forward to building his new four-bedroom family home in July.More from newsMould, age, not enough to stop 17 bidders fighting for this home6 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours ago“Affordability was definitely a key reason why I have chosen to build a new home at Pallara,” Mr Cassim said.“Property close to Brisbane city is usually $600,000 plus, so I’ve saved hundreds of thousands of dollars.“Pallara is in a fantastic location within close proximity of everything the city has to offer.”Stockland Queensland general manager Kingsley Andrew said the chance to secure a $20,000 Queensland First Home Owner’s Grant made it the perfect time for first home buyers to build a new home.“There is often a false economy in buying an older established home with a view to renovating it to suit the demands and lifestyle needs of modern living,” Mr Andrew said.“It is well documented that the cost per square metre of renovations usually far exceed the cost per square metre of building a brand new home.”Mr Andrew said by buying a new home, customers could choose exactly what they want in their new home.last_img

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