Inside the coastal land project where homes were snatched right up

The last window has closed for a newly-built home by Brisbane’s coast, with the release of the final land packages in a Victoria Point project.

After 6 land releases and more than 100 sales, Urbex Realty’s land development Arc on the Point has sold outof all its home sites in the bayside area.

The final stage capped the multi-year project with the release of 42 land packages, which received more than 100 inquiries within the first 48 hours of its launch.

Urbex Realty’s land development, Arc on the Point, has sold out after 6 land releases and more than a hundred sales.

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42 land packages were released with the final stage of the project, which received dozens upon dozens of inquiries in just the first two days of its launch.

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Urbex Realty general manager Craig Covacich said he wasn’t shocked by the quick response to the project, at a time when it’s becoming more difficult to buy in established areas.

“We’re creating the opportunity to build a home within an already developed community,” he said. “You don’t have to wait for anything – it’s there.”

“I think the bayside is just a hidden gem. You are literally minutes to the ocean and school, you have access to public transport within minutes … whether you want to relax on the beach or go out fishing, it’s all within 15 minutes.”

A promotional event was held at the recently-completed park on-site, which all residents of the area will have full and easy access to.

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“We’re creating an opportunity to build a home within an already developed community … whether you want to relax on the beach or go out fishing, it’s all within 15 minutes.”

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Prices begin at $534,000 and cap out at $680,000, for home sites ranging between 350 sqm and 429 sqm in size.

When accounted for house builds, overall home prices are estimated between $950,000 and $1.1 million. The median property price for a house in the area currently sits at $1.03m, putting the new homes in the area squarely within that range.

Mr Covacich said while some land packages were offered with first home buyers in mind, he’d also seen a rise in investors looking to build property from the ground up.

“If you allow different types of homes, you can start to attract different price points to try to deliver an affordable market,” he said.

The project still has a sizeable wait list in case any purchases drop out, for home sites ranging between 350 sqm and 429 sqm in size.

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Prices start at $534,000 and round out at $680,000, and homeowners are expected to spend between $950,000 and $1.1m on their houses overall.

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“When we started this project in 2021, we had about 40 per cent first home buyers, 50 per cent subsequent home buyers, and we had about 10 per cent investors. In 2025, the homebuyer makeup … has diminished to about 30 per cent. Investors are about 30 per cent and creeping up, with 40 per cent being subsequent home buyers.”

Residents can be expected to move into homes on the land in around a year, and will join Arc on the Point’s existing homeowners in an area with 25 hectares of green space and parklands.