Family buys small 89 square meter block for $550,000 after six years of search – realestate.com.au

A family of three who have been house hunting for six years are the new owners of perhaps the smallest vacant piece of land ever sold in Queensland.

Catherine Leon and her husband Nick, who have a 22-month-old daughter called Astrid, recently bought an 89 square meter plot of land in Southport for $550,000.

29A Meron St Southport measures just 89 m²

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“We have been renting an apartment in Southport for nine years,” said Catherine, adding that they had been actively looking for something to buy for the past six years.

“In 2020, everything was perfect, but work was uncertain (due to the Covid-19 pandemic), so the timing was not good.

“But then prices just went up and it hasn’t stopped.”

Catherine said they had tirelessly looked at both existing houses and vacant land, but prices were “getting out of control”.

“And obviously we had to build on that,” she said.

They plan to build a terraced house

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But the family were determined to get a foot on the property ladder, with Catherine saying this was important for their daughter.

“We wanted to have a home for her and wanted to stay in the area in the future because of the schools and college,” she said.

“We’re just relieved that we now have something to work with.”

As for what the family plans to build on the small block?

Catherine said they had already spoken to the architect who had designed several nearby terraced houses.

“At least now we’re in the market,” she said.

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