Housing stock in the property market remains low, particularly now that the first home buyer scheme, which allows first home buyers to secure a property with a 5% deposit rather than a standard 20% deposit.
Elders estate agent Wes Melbourne said building more homes and releasing more land would help to ease the current strain on the property market.
Mr Melbourne is currently selling 45/49 George St in Beenleigh, which he says is one of the last large blocks in the suburb.
In the first 24 hours the property was on the market, Mr Melbourne said he had been swamped with inquiries from first home buyers, families from the local area, and investors.
“Things are selling very quickly at the moment,” Mr Melbourne said.
“There’s a lack of stock on the market, and now with the introduction of various government policies, first home buyers have been brought into the mix.
The 5624sqm block has two self-contained dwellings. The main dwelling has three bedrooms and two bathrooms across two levels.
The second dwelling, which could be used for dual living purposes or as a home business, is fitted with an open-plan kitchen, dining, and lounge area, as well as a separate bedroom and laundry facilities.
“Such a large allotment of land in Beenleigh, with all the redevelopments in the suburb and the new train station, it’s very rare.
“It’s such a large parcel of land in the heart of Beenleigh, and it’s quite secluded as well.
“The original owners planted every tree on that block; they just wanted seclusion and to feel like they were in a tranquil rainforest.”
Mr Melbourne said the privacy and size of the block were unusual features for houses in Beenleigh.
“It’s rare for a block like this to come onto the market, where you drive into the driveway, and suddenly you’re so hidden and secluded,” he said.
No major renovations have been done to the property’s interior since its original 1980s build, but the interiors remain well kept in great condition, Mr Melbourne said.
