Affordable blocks of land in Gwandalan popular with owner-occupiers

Buyers are flocking to blocks of vacant land in Gwandalan with only a few parcels left in the sought-after suburb.

 


47 Pinaroo Road, Gwandalan.Source:Supplied

 

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.

 

The land is not far from the shores of Lake Macquarie
The land is not far from the shores of Lake MacquarieSource:Supplied

 

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.

 

47 Pinaroo Rd, Gwandalan.
47 Pinaroo Rd, Gwandalan.Source:Supplied

 

“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.

 


Real estate agent, Kay Saunderson. Ph 0414 614 514. Email kay@thepropertymarket.com.au

 

JESS VERRENDER
Central Coast Gosford Express Advocate August 8, 2018 10:30am

 

Originally published as Cheap land snapped up

Buying Central Coast Gwandalan Investing Land
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Affordable blocks of land in Gwandalan popular with owner-occupiers