Selling agent Kay Saunderson of The Property Market said the blocks on Pinaroo Rd, which are priced from $250,000 to $450,000, were seeing strong interest from a range of buyers.
“Buyers are basically owner-occupiers, not investors. It’s people wanting to move into the area,” Ms Saunderson said.
She said there were a number of first-home buyers interested as well as a range of age groups, from buyers in their 20s to their 50s.
These buyers were also coming from Sydney as well as further down the Coast.
Those coming from the south end of the Coast were moving further up because they were finding it a little too busy down there, Ms Saunderson said.
“There are only a few blocks left at the moment, the subdivision was a little while in the making.”
She said a 500sqm block would set buyers back $250,000 while $290,000 would get them 600sqm. The blocks of land range up to 4620.5sqm.
“They’re quite reasonably priced,” Ms Saunderson said
Gwandalan has a mix of new and “preloved” homes, the agent said.
“It is one of the fastest growing areas … I’m certainly seeing that.”
The median house price in the suburb is $520,000, according to CoreLogic. House prices have seen a 13 per cent growth in the past 12 months alone.
Central Coast Gosford Express Advocate August 8, 2018 10:30am
Originally published as Cheap land snapped up