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Homebuyers rush to secure near build-ready land in Logan, spending $14 million in a week


Homebuyers have snapped up $14 million worth of land in just one week at HB Land’s Tillerman Park Ridge community in Logan, Brisbane’s southern growth corridor, highlighting the shortage of quality homesites that are ready to build on.

The Stage 5 release of 44 homesites, expected to be ready for settlement within months, attracted buyers eager to appoint builders and start construction on their new homes. Prices for the homesites ranged from $325,000 to $410,000.

Oliver Hume Queensland general manager Dan Ross said, “We are seeing a real flight to quality homesites, particularly where there is certainty around delivery and buyers are confident they can settle their purchase in a reasonable amount of time.”

He added, “The land market in Logan and the whole southeast of the state has remained consistent for some time, particularly for land that is ready to settle within a six-month window to ensure purchasers can lock in all their costs. Buyers want to get off the rental merry-go-round and are prepared to move quickly if they can start building in the near-term.”

Ross also noted that the significant undersupply of near build-ready land is contributing to an increase in demand when it comes to market, and with greater certainty around interest rates, buyers are now moving back into the market only to find limited options.

Tillerman Park Ridge offers a variety of lot types, with Stage 5 homesites ranging from 315sqm to 474sqm and frontages up to 14.1m. Upon completion, the community will be home to nearly 300 families, with an abundance of open space, including a 1ha district park and direct access to community parklands and the popular Hubner Park sports facility.

HB Land Chief Executive Officer Michael Vinodolac attributed Tillerman’s early sales success to its natural elevation, boutique size, and a broad range of lots. He said, “The community is designed to promote pride in place through a feeling of shared ownership of common spaces, and we have seen buyers really embrace that idea. There is a strong sense of community in Park Ridge, and we have had a lot of buyers from the local area who have been waiting for the project to come to market.”


Vinodolac also noted that strong stock levels and good affordability are making the southern growth corridor extremely popular with buyers.

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