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.
Tags: land prices Brisbane, Royal Avenue Spring Hill, vacant land Spring Hill, Water Street Spring Hill
