Montego Hills, quite possibly the best value for money

Rising land costs and lack of supply may be driving the trend towards smaller lot sizes but there is still larger plots and acreage sites available across southeast Queensland.

And when it comes to value for money, the price difference between acreage and city living is rapidly shrinking.

“More and more buyers are starting to recognise the amount of space they can get for their money,” Villawood Properties executive director Tony Johnson said.

“We are seeing a rise in demand for country-style living from young professionals and young families looking to escape the chaos of city living.”

Villawood Properties has reported “a surge” in demand for acreage close to the city, with 60 per cent of the lots within the latest release at its Montego Hills development at Kinsgholme now sold. Homesites range between 4058sq m and 7852sq m, with prices starting from just $329,900.