’Gatha’s new home growth

Next estate? Stockdale & Leggo’s Jason Harris and Alex Scott & Staff’s Andrew Newton on land off Boags Road looking towards Knox Hill.
Posted by SiteAdmin in Real Estate on 08 Jun 2010 at 09:49 am

By Chris Brown
LEONGATHA’S next growth areas are likely to be to the south and west of the town.
Four applications are before council requesting land to be rezoned to allow residential homes to be built.
Almost 50 new houses are built every year in the town and council must ensure there is enough land available for 10 years of growth.
The next land likely to be built on will be off Boags Road, south of the town.
Mick Hanily from Stockdale & Leggo in Leongatha said the price of blocks of land had jumped in the past six months.
“Good flat blocks have gone from $110,000 to $150,000,” he said.
“There’s still high demand for them in Leongatha, which are a bit of a scarcity at the moment.”
The last stage of the Panorama Estate, off Carr Avenue, sold very well.
“There’s really enough land (around Leongatha) for a fair while I think,” Mr Hanily said.
“If the end of Boags Road gets rezoned there’s going to be 180 blocks in that area.”
Mr Hanily said buyers of residential blocks of land were a mix of people.
“There are still a few people moving to the area,” he said.
“First home buyers are obviously going to be more prominent in the next six months, with the government taking the first home buyers help to the next level.”
At Alex Scott & Staff, Leongatha Andrew New...
Read More..
 

Latest Posts :: Real Estate

Recent Popular