How much is land worth in Spring Hill?
Just how much is that vacant piece of land worth? As you can appreciate, in the inner city this isn’t an easy question to answer. Obviously there isn’t an over-abundance of residential vacant blocks of land available in Brisbane’s oldest suburb.
Earlier this year an empty block of 405 SQM prime real estate sold for $738K. The block on Royal Avenue, just off Water Street, had council approval to build a brand new 5 bed house which will boast city views and once completed will take into account the character and heritige of other surrounding homes.
Other factors will determine how much a particular parcel of land may be worth including the zoning, council approval etc but this gives local residents an indication of value.