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Demand for acreage lots in the southeast is pushing up prices

first_img9 Norwood Court, YatalaShe said suburbs a bit further from the city, including Yatala and Ormeau, were becoming more appealing to buyers because the motorway made them more accessible.These areas were also less densely populated so the homes generally had more land at a good price.“Unless you want to spend $500,000 on a block of land, you have to buy something established,” Mrs Doleman said.Mrs Doleman recently sold a roughly 6070sq m property at 9 Norwood Court, Yatala, for $855,000.According to the latest CoreLogic market data, the median sale price in Yatala was $655,000. 9 Norwood Court, YatalaDEMAND for acreage is outstripping supply in the southeast, a real estate expert says.Doleman Property Group director Donna Doleman said buyers were snapping them up as soon as they hit the market.“Acreage seems to be our bestseller at the moment,” Mrs Doleman said.“It’s just because there’s not as many acreage properties on the market.”More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020As a result, she said they were attracting great sale prices.last_img

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