The two blocks are adjacent to Morisset Memorial Hall.

The former Australia Post site at 79 Dora Street and the vacant block of land behind it at 32 Yambo Street will be acquired to partly facilitate the council's vision for a new town centre and civic hub.

Councillor Rosmairi Dawson said she was excited by the decision to buy the adjoining blocks, which have a combined size of 1123 square metres.

"It is an excellent step forward to the eventual establishment of the proposed Morisset town civic hub," she said.

"For the project to progress, council had to purchase the land. The opportunity arose, and council bought the land for a fair market price."

The Yambo Street property will be bought for $465,000 after the owner of the land contacted council to ascertain their interest in the block.

Council approached Australia Post with an expression of interest in the Dora Street block, which will be purchased for $850,000.

Council is considering leasing the former Post Office building for commercial use, in the short term, until the land is required for the town centre project.

News of the land acquisitions has not impressed everyone.

Critics have told the Lakes Mail the acquisition was irresponsible, given there was no guarantee council would be able to buy the other blocks of land required for the town centre project.

However, Cr Dawson said council was not required to purchase all the parcels of land, because the town centre development would incorporate existing buildings into its design.

"It's an integrated development, so shops will remain shops," she said.

The video shop, cafe, and the Vinnies shop will remain where they are, Cr Dawson said, while the police station is publicly owned.

A key component of the town square is the Morisset Memorial Hall site.

The council has proposed to accommodate the hall user groups in its new town centre facility. But supporters of the hall argue that it has significant historical and cultural significance and must be retained as a war memorial.

Cr Dawson stressed the project was still "quite a few years away".