Shane Stefanac and Melanie Gillmore with children Mila, 4, and Fin, 2.
WITH a lack of land on the Gold Coast, house and land packages are dwindling.
And although enquiries have dropped following the record highs after the HomeBuilder initiative was announced, they remain higher than pre-pandemic levels, according to PropTrack data.
But where are people looking to build?
There is a lack of land for sale on the Gold Coast.
Burleigh Heads’ The Arbour is the most popular house and land development on the Coast, with a third of all enquiries across the city.
Mermaid Sanctuary at Mermaid Waters was the second most popular with 12 per cent while Ormeau’s Armara rounded out the top three with 11 per cent.
Other house and land developments to make the top five including Upper Coomera’s The Valley and Helensvale’s The Surrounds.
There is still plenty of interest in house and land packages on the Gold Coast.
But land doesn’t come cheap.
The Arbour at Burleigh project recently recorded three sales worth nearly $3 million in a matter of weeks.
The Arbour is being developed by Villawood, with sales and marketing managed by property services group Oliver Hume.
The population continues to increase on the Gold Coast.
Last month Oliver Hume penned the three sales at The Arbour, ranging from $949,000 to $1 million on sites which range from 653 sqm to 778 sqm.
“The Gold Coast has continued to outperform the rest of the country by becoming the hotspot for post-Covid homebuyers,” Oliver Hume Queensland Project Director Matt Barr said.
“However, with rising interest rates and costs, future residential developments have been put on hold, fuelling greater demand for pre-existing development projects”
“There does not seem to be any slowing in the economic or population growth of the Gold
Coast so we would expect the interest in premium homesites to continue.”
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Mr Barr said the land shortage on the Gold Coast had reached a critical level, with the
absence of affordable sites driving up interest in more premium sites like those at The Arbour.
“We desperately need more land before it begins to affect the attractiveness of the Gold Coast
as a destination for international and interstate migration,” he said.
Shane Stefanac and Melanie Gillmore with children Mila, 4, and Fin, 2.
For Shane Stefanac and Melanie Gillmore a wrong turn in 2016 led to the Gainsborough Greens community in Pimpama and a new life in the fast-growing northern Gold Coast, where they are now building their second home.
The couple say their family, which includes children Mila, 4, and son, Fin, 2, has grown alongside the significant expansion of the suburb.
After purchasing their first lot in 2016, and moving into their home that year, the couple are now waiting for the completion of their new home in one of its final stages.
Growing up on the central Gold Coast, Mr Stefanac said he never would have guessed he’d build his family home in Pimpama, or that it would transform into the suburb it is today.
Gainsborough Greens.
“There was next to nothing in the area when I was a kid, compared to what there is now,” he said.
“When we built our first home with the intention of having a family, the area was still very much under development.
“Six years later, the growth of Pimpama has been extraordinary.”
Mr Stefanac said he and Ms Gillmore had welcomed daughter, Mila, and son, Fin, while
living at Gainsborough Greens.
In June 2021, the family sold their original home at Gainsborough Greens and purchased their
new 420 sqm lot in the Grand Reserve release.
“Our new four-bedroom home is being built by Plantation Homes, and we’re hoping to move in early next year,” he said.
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