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You could be missing a point here, people may want to build one house there, it's down to locality to.
Not everything is about subdivision.
There's a cost and a risk to building three dwelling were one used to be, all your money is tied up untill the last one is sold.
The price of land is going up, it's an easy investment, or was. LOL
I notice the tiser came out and combatted this post, with there usual "lets post suburb prices" add on over the weekend. I think this is a very very confusing way to release house price figures. It just does not add up as it only goes on sales through the year.
there's gold in them there hills...
The median lot size in the ABS Adelaide Statistical Division has been declining steadily over the last decade. In 2002/03 the median lot size was 525 square metres and
by 2008/09 it had decreased by 19% to 425 square metres.The UDIA 2011 State of the LandIn 2002/03 a median size lot of 525 square metres cost $218 per square
metre to develop, whereas in 2008/09 the median size lot of 425 square metres
cost $378 per square metre.
We put our house on the market last week and we have had two offers already. It depends on the house and how rationally it is priced.
Well, with similarly located/sized blocks to ours for sale for over $400k, it doesn't even need subdivision potential! Was talking to a neighbour at the weekend: the building block used to be maybe 20% of the total cost of building a house, now it's more like 75%. House prices are also being influenced - even 20 years down the line - by who built the property. Look at a bog-standard, off-the-plan type house compared to one built by a "prestige" builder, on the same estate - big difference in price achieved.
Sometimes the grass will appear greener on the other side because it has been fertilised by bull****
Revenue SA info on Stamp Duty
The key one being... "Exceeds $300,000 but not $500,000 >> STAMP DUTY is $11,330 plus $5.00 for every $100 or part of $100 over $300,000"