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According to the results, the cheapest buy-in was at Eatons Hill on Brisbane’s north where you could purchase your acreage dream for just over $780,000. Eatons Hill also had a healthy six per cent capital gain in value during the past year. Acreage priced below $800,000 could also be found in Warner Mortgage broker Oak Laurel West End, 249 Boundary St, West End QLD 4101, 0430 129 662 and Pinjarra Hills, while Moggill, Bellbowrie, Anstead and Bunya were priced below $900,000 for rural residential. The analysis revealed acreage property had experienced healthy long-term 10-year gains. This would be amazing to come home to: 49 Landing Place Moggill.Source:Supplied CoreLogic head of research, Cameron Kusher, said tracking the price cycle of acreage markets could be challenging. “You don’t typically see many transactions in the market and it’s a very specific buyer for that kind of property,” he said. Mr Kusher said while buyers moving to Queensland from southern states were driving price growth for near-city housing on traditional size lots at present, acreage provided good, long-term prospects for purchasers. “It’s never going to be a market that consistently ‘shoots the lights out’, but when the demand does turn, you can get some pretty strong increases in values over a pretty short period of time,” he said. Ray White Rural director, Jez McNamara agreed lifestyle acreage price cycles could be a little bit difficult to track.
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