The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
LESS THAN 30 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
4 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
ResidentialStaff WriterTue 09 Sep 14

Buyers Look To Trade Up In The Outer Suburbs

P

Faced with a choice between lifestyle and location, young Australians would prefer to move further out for a house with more features, according to the 2014 Housing Affordability Sentiment Index (HASI) from

realestate.com.au.

More than half of those surveyed said they were willing to negotiate on location and to buy or build more than 10 kilometres outside of their ideal area but only a third said they were prepared to compromise on property features.

New home construction in Queensland is set to peak this year pointing to the growing number of homeowners who are choosing to build rather than buy an established property.

The Housing Industry Association predicts around 37,000 new dwellings will be constructed in 2014 – a rise of 13.8 per cent and the highest level since 2008.

The appeal of building has been heightened by ongoing low interest rates and tight rental markets, encouraging leading residential developer

Peet Limited to launch its spring sales season with a special “upgrade collection” of house and land packages across the company’s outer suburb communities.

“Buyers who are looking to buy in or trade up are finding they can get a whole lot more for their money when they move a little further out,” said Peet Managing Director and CEO Brendan Gore.

“Today, people don’t want to wait. It is really important to them to be happy with their home and proud of where they live.”

The new collection, available during September, includes house and land packages from $281,600 that are packed with the latest design trends and quality inclusions.

Figures from Onthehouse.com.au also point to good prospects for growth in Brisbane’s outer suburbs with a rise in median house values in the June 2014 quarter in locations like Logan by 1.9 per cent, Moreton Bay by 0.7 per cent and Redlands by 1.9 per cent.

Peet’s land offerings range from big blocks and pristine acreage, in Brisbane’s south-west suburbs, to fashionable homesites and trendy rear lane lots, in the northern corridor.

ResidentialAustraliaArchitectureSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy on the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
View All >
Jinding Larkview Mt Barker EDM
Residential

Jinding Expands into SA with $180m Mount Barker Approval

Vanessa Croll
GFM Group's first CASA project at 671 Chapel Street in Melbourne's South Yarra.
Residential

CASA Appoints Kapitol for 20-Storey Chapel Street Project

Marisa Wikramanayake AND Leon Della Bosca
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy on the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
The developer sees opportunity where others see risk, positioning for the next cycle with strategic acquisitions and pat…
LATEST
Jinding Larkview Mt Barker EDM
Residential

Jinding Expands into SA with $180m Mount Barker Approval

Vanessa Croll
2 Min
GFM Group's first CASA project at 671 Chapel Street in Melbourne's South Yarra.
Residential

CASA Appoints Kapitol for 20-Storey Chapel Street Project

Marisa Wikramanayake AND Leon Della Bosca
2 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy on the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Justin Butterworth will speak on a panel at Urbanity 2025 on the Gold Coast.
Technology

Platforms Pump Up Rental Revolution: Justin Butterworth

Renee McKeown
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/buyers-look-trade-outer-suburbs