STRONG DEMAND: Warwick real estate agent Helen Harm said any large blocks of vacant land close to the Warwick CBD will sell fast, motivated by a growing number of tree changers who want to call the Southern Downs home.
STRONG DEMAND: Warwick real estate agent Helen Harm said any large blocks of vacant land close to the Warwick CBD will sell fast, motivated by a growing number of tree changers who want to call the Southern Downs home. Michael Nolan

Property headed for a boom, with big blocks selling fast

AFTER sitting stagnant for the past five years there are signs the Southern Downs real estate market is due for a bump as out-of-town investors and tree-changers buy up bigger blocks.

Of the 39 properties agent Helen Harm sold in the past six months, 28 were to buyers previously living outside the area.

"They are moving out here from Brisbane and the coast because they are looking for those quarter acre plus blocks," she said.

A significant amount of sales are for land outside of Warwick or on the town fringe.

Estates with large and more expensive blocks, like Griffith Estate and Darling Heights, are filling up and Mrs Harm said the new development at Hawker Rd would also sell quickly.

Part of this is a lack of suitable vacant blocks as land containing cheap or rundown houses is hard to develop.

Mrs Harm said the cost of the demolition and removal could be prohibitively expensive but a key problem was sewage and it was blamed on the early Warwick town planners.

"When the council laid sewage lines years ago, they put them at the back of the blocks," she said.

This means builders and renovators must re-rout sewage lines if before construction.

"Back then they probably weren't thinking about how big Warwick would get," Mrs Harm said.

The good news for buyers is land in the bigger blocked estates seems to be a solid buy.

"They hold their value," Mrs Harm said.



Man ‘takes law into own hands’ to reclaim $270K debt

Premium Content Man ‘takes law into own hands’ to reclaim $270K debt

The Warwick court heard claims the man only turned to cyber harassment to reclaim...

Supermarket warning: Fruit, veggie prices soar 30%

Premium Content Supermarket warning: Fruit, veggie prices soar 30%

Fruit and vegetable prices to soar as farm labour crisis bites

Warwick Magistrates Court appearances for today

Premium Content Warwick Magistrates Court appearances for today

Here is a list of matters listed at Warwick Magistrates Court