Ian Ballas

Melbourne’s BOOMING South East!

The past 12 months have seen unprecedented demand for house and land packages in Melbourne’s original growth corridor, the South East.

Land has become extremely scarce, as demand significantly exceeds supply. Suburbs such as Clyde, Clyde North and Officer have been experiencing large price increases each month, hence, the best time to buy a house and land package in Melbourne's South East is NOW!

Due to the hot demand in recent months plus the boost the regional First Home Owner's Grant from the Victorian Government (from $10K to $20K benefit to first home buyers building in regional areas), those trying to enter the property market have been expanding their radius a little down the road.
I have seen first-hand a noticeable increase in demand from first home buyers wanting to build a little further out, so, I jumped in my car to see what I could find.

Here's what you can find further South East of Melbourne:

Longwarry

  • Location- 25mins drive from Pakenham
  • Best Land Estates- Stockmanswood & Drouin Rd
  • Land Price (Size)- $175-195k (350-800sqm)
  • Regional $20k FHOG- YES!!

Drouin

  • Location- 25-30mins drive from Pakenham
  • Best Land Estate- Jackson’s View
  • Land Price (Size)- $200-240k (700-1200sqm)
  • Regional $20k FHOG- YES!!

Warragul

  • Location- 30mins drive from Pakenham
  • Best Land Estate- Waterford Rise
  • Land Price (Size)- $160-205k (600-800sqm)
  • Regional $20k FHOG- YES!!

Lang Lang

  • Location- 20-25mins drive from both Clyde & Pakenham
  • Best Land Estates- Summerfields & Langley Park
  • Land Price (Size)- $190-210k (600-700sqm)
  • Regional $20k FHOG? - No only $10,000

Garfield

  • Location- 15-20mins drive from Pakenham
  • Best Land Estate- Sovereign Views (almost sold out)
  • Land Price (Size)- $220k (600-700sqm)
  • Regional $20k FHOG? - No only $10,000

Bunyip

  • Location- 20mins drive from Pakenham
  • Best Land Estate- Nylander
  • Land Price (Size)- $235k (700sqm)
  • Regional $20k FHOG- No only $10,000

Below I have also listed my best picks, a little closer to town. I have selected these estates as they are the estates that have the most consistent land releases, hence, you will have the best chance of securing yourself a lot there. 

Cranbourne

  • Best Land Estates- Lochaven (Cranbourne West), East estate (Cranbourne East) & Acacia (Cranbourne South/Botanic Ridge)
  • Land Price (Size)- $310-345k (400-450sqm)

Clyde/Clyde North

  • Best Land Estates- Edgebrook, Eliston, Hartleigh & Meridian
  • Land Price (Size)- $285-345k (350-450sqm)

Upcoming/New Estates

  • Allanvale- Located in Crannie East, adjacent to the Casey Fields sports grounds.
  • Pavillion- Located on the Clyde side of Casey Fields.
  • Kaduna- Officer South, near the Cardinia Road exit of the Monash Freeway.

Sold Out/Last Release Estates

  • Belmond (Clyde)
  • Highgrove (Clyde North)
  • Every estate in Officer except Arcadia & Grandvue!
  • Almost the whole of Pakenham!!

If you are thinking of building in Melbourne’s South East, I highly encourage you to pop in to one of our 6 South East display homes and speak to one of our talented New Homes Coaches ASAP, so that they can assist you to lock in the price of a house & land package now, to shield you from future price rises.
They will be able to guide you through the process in 3 simple steps… (1) Finance, (2) Land & (3) Home.

Given the scarcity of land, the importance of seeking the assistance of one of our New Homes Coaches, cannot be understated. We receive updates on a daily basis from local land estates, real estate agents and developers re. the land that is currently available, as well as upcoming releases.

In addition, Homebuyers Centre is often given the opportunity for our customers to have access to lots that only Homebuyers Centre customers can build on. This can be of great assistance to you in the current climate, where it can be nearly impossible to source a lot at some estates.
As an example, we currently have two house and land packages at the Lochaven estate in Cranbourne West. No other lots are currently available to the open market.

If you would like any further advice, feel free to call me on 0433 400 500 or like my Facebook page facebook.com/ianballashomebuyers/

Best of luck with your home building adventure!

Ian