A south east Queensland acreage estate has reached its 1,000th settlement, following a strong rise in enquiries and sales this year.
Teviot Downs at Greenbank, around 28 kilometres from the Brisbane CBD, has been selling acreage lots at the rate of one per week this year, with over $4.8 million in land sales.
Colliers International residential associate director Clinton Trezise said the main attraction of Teviot Downs was its rare acreage home sites that were within easy reach of the city and modern conveniences.
“This estate enables buyers to invest and live on acreage land with the city being only a 40-minute drive away,” he said. “This estate is one of the closest acreage estates to the Brisbane CBD selling vacant land.
“Teviot Downs is truly one of the last great acreage developments remaining in south east Queensland.”
According to Mr Trezise, acreage appeared to be increasing in popularity amongst buyers, particularly this year.
“Acreage living is a lifestyle,” he said.“Due to the amount of space available, families for the most part are unencumbered when it comes designing their new home.
“The number of bedrooms, living areas indoors and outdoors are decisions to be made by the buyer. People can create five-plus bedroom homes all on one level and still have the big shed, tennis court and pool outside – these are things you are usually not able to do on an average town block."
Another draw for buyers was the affordability of properties at Teviot Downs, Mr Trezie added.
“Land at Teviot Downs means buyers could get into a new four-bedroom home on acreage for less than $500,000. Buyers are recognising that there is great value for money at Teviot Downs," he said.