Ordinary 5 acre block in Glenhaven, (about 40 min drive on a Sunday morning from the Harbour bridge, )just went for $2,100,000. Others are more expensive depending on whether they come with a mansion. It also depends on your zoning, we are still zoned rural .
(??????)
They will all be residential eventually just depends when.
Of course if someone wants to pay us $5,000,000 we will say okay. Hey if you can pay up in 60 days we will give it away for S4.50M
There is land in Sydney that is 25 – 30kms from CBD that is rural and due to be rezoned res and is asking 1.1 per acre, I personally think that is cheap.
Then areas like Kenthurst, Dural, Glenhaven and Annangrove is 1.5 to 2 mil for 5 acrea zoned rural usually with a house on teh land. These areas are not likely to rezone for another 15 to 20 years according to a town planner at council.
In Glenhaven we are having a lot of Sep 5s, and the last block with knockdown was $2.1M.
Agree about the zoning though, I think it will be like the land south of Blacktown.
Are you guys serious?, I`m blown away, the reason I ask is I own ten acres approx 25 mins from Brisbane CBD and those prices you quote just confirm for me the obvious, I always felt it is way undervalued, the boom hasn`t affected the prices the way it has in the suburbs.
My thinking has always been that it will get up near Sydney/Melb prices eventually and as I am where I want to be I don`t really care too much how long it takes.
If it was worth even half the prices you pay in Sydney I would be an instant millionaire!!, happy, happy days![^].
Where I live is rural and not sub dividable at present as it`s hilly with a lot of creeks and waterways, but this also has many positives (views, privacy and no traffic for miles). We even have lyre birds living in our driveway!(private road).
There have been whispers around this year the council may allow subdivision, although I have no intention whatsoever of cutting up my block for any price!, but as they say it`s “all good”. (touch wood).[8D]
Bottom line for me, lifestyle and equity mate equity!.[^]
I live in West Brisbane.
Chandler is a good spot but only 15 mins to CBD, do you know this for a fact?, good spot though.
Different to where I live, Tarzan would be completely at home swingin` in the trees in my backyard.
Ya kin almos ear the banjos in dem dar hills!.[][]
Acreages south west of Sydney are not yet as expensive it seems as acreages north of Sydney.
Friends at Menangle Park recently sold 2 acres for $1.4M. Developer hoping for future change in zoning from rural to residential which has been rumoured for some time.
Acreages around Camden, Campbelltown (Kentlyn), Picton,
Bargo etc are selling for more like $500,000 per acre. Seems better value for money than north of Sydney. North side prices will probably flow on to these areas though as they have with residential.
Maybe it’s an undiscovered area as yet (or has been until now!)
Cheers!
Callum
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