My parents own some vacant land in Moree East (2 lots, 1,210 square metres) which is said to be in a very convenient location right on the corner of two streets (it would be possible to build 2 homes on it and have each one on a different street). The land is almost across the road from a hotel, walking distance to Moree train station, walking distance to the big swimming pool in the area… while there's also a golf course, Jellicoe Park, Mehi River, & other businesses/shops all within 1km of the land. They are thinking of selling it as I'm not sure they can afford to build anything on the land (although I'd be curious to find out the costs to build something on it and seeing whether this would be more worthwhile rather than just selling it)? The land was valued by an agent a few years back at around $70,000 (am yet to contact an agent to see the current worth). I'm trying to help them sell it at very little cost to them….but am also wondering if it's better to have something built on it?
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