Shopping for land and constructing a brand new residence is a well-liked solution to get on the property ladder, however reasonably priced choices could also be tough to seek out in Australia’s most populated state.
In keeping with REA Group’s Property Seeker Report, New South Wales consumers have an urge for food for brand spanking new properties with 42% of homebuyers and 51% of first-home consumers contemplating shopping for or constructing new.
To fulfill this demand, the NSW Authorities launched the Housing Supply Authority to hurry up the constructing approval course of. It goals to ship 377,000 new properties by 2029.
Whereas the most cost effective land in New South Wales is usually discovered inland or west of the Nice Dividing Vary, there are nonetheless coastal plots accessible for below $150,000.
Listed here are some areas the place you could find these plots.
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South Kempsey
South Kempsey has seen a 23.7% enhance within the median home worth over the previous yr, reaching $370,000, in accordance with PropTrack knowledge.
South Kempsey has reasonably priced land choices ranging from $89,000. Image: realestate.com.au/purchase
This suburb presents land beginning at $89,000, making it a promising alternative for funding or improvement.
One choice is 12 Robert Eggins Road. This 638.6sqm property is flat, absolutely fenced, and comes with city water and sewer connections, making it prepared for speedy development.
Energy and water are additionally accessible on the entrance of the property, easing the constructing course of.
MORE: The place to safe home and land in Sydney below $1.1 million
Situated near the native main and excessive colleges and handy public transport, the plot is good for households seeking to settle within the neighborhood.
Another choice is 77 Middleton Road. This 646sqm block, priced at $119,000, is supplied with water and sewer connections and is only a 20-minute drive to Killick Seashore.
Nerong
Situated about an hour north of Newcastle, Nerong is a quiet mid-coast city with land ranging from $125,000.
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Situated north of Port Stephens, Nerong has land ranging from $125,000. Image: Getty
Near Myall and Nice Lakes, this space is good for these looking for a peaceable nature retreat.
This plot, priced at $125,000, options an undulating to steep block adorned with bushes. Though it lacks city water, sewer, and fencing, energy is conveniently close by. Consider it as a clean canvas, providing serene environment to construct your dream residence.
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West Kempsey
West Kempsey combines coastal dwelling with affordability, having a median home worth of $440,000, which has seen a 1.6% enhance over the previous yr in accordance with PropTrack knowledge.
Situated half-hour from South West Rocks, West Kempsey has land choices ranging from $149,000. Image: Getty
Land right here begins at $149,000, and there are a selection of choices accessible, with this 1062sqm block providing comfort, flexibility, and potential for a variety of initiatives.
Outfitted with city water, sewer connections, and energy, it’s free from restrictive covenants, giving the liberty to design and construct your required residence. Its location close to colleges, retailers, and bus routes makes it supreme for households or buyers.
Another choice is Lot 33 in Dangar Road, which is priced at $150,000.
This north-facing 367sqm block is near native facilities and has no covenants, providing full freedom in development. Plus, it’s solely a 30-minute drive to South West Rocks.