Surge in first home buyer activity results in land sell out at Pearsall
4Land Property Group
Property for Sale, Residential Real Estate, Property Sales
A surge in first home buyer activity during recent weeks has resulted in virtually all of the lots in Stage 1 at 4Land Property Group’s Sunset Landing Estate in Pearsall selling out.
Just one lot of the 28 lots in Stage 1 at the Sunset Landing Estate remains available for sale with first home buyers accounting for over 95% of all buyers at the Estate.
This strong activity by first home buyers has resulted in 4Land Property Group releasing Stage 2 at Sunset Landing.
According to Dave Gillon, Sales Manager at 4Land Property Group, Stage 2 consists of 14 lots.
“Lot prices in Stage 2 range from $233,000 to $279,000 with the size of lots ranging from 302sqm to 458sqm.
“We expect Stage 2 to sell very quickly as there are a number of first home buyers who have already registered interest in this new land release.
“Sunset Landing offers low cost, budget style lots without any special incentives that inflate the price, ensuring buyers achieve the lowest price possible for a home site in this Estate.
“In particular, first home buyer activity at Sunset Landing has been very strong because of falling interest rates, rising weekly rents and the fact that land prices in the Estate are still highly affordable.
“The median weekly rent in Pearsall is now $475 which makes making buying a house and land package at the Estate very attractive for investors and those seeking to escape the rental trap.
“All Stage 2 lots also include fencing and property buyers considering buying a house and land package have a wide range of innovative small lot home designs to choose from. Impressions Homes has recently opened a small lot display home in our nearby Estate “The Terraces” in Pearsall which can give property buyers a good understanding of the kind of spacious homes that can be constructed on a 300 sqm lot.
“Apart from very competitive land prices at Sunset Landing, first home buyers can also take advantage of improving infrastructure in Pearsall with the Pearsall IGA now operational and the Pearsall Primary School planned to be opened in 2013.
“Sunset Landing also has easy access to public transport, the freeway as well as the Joondalup and Wanneroo CBD areas,” he said.
Further information on Sunset Landing can be obtained from Dave Gillon on 0412 597733 or email [email protected]
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