Posted by admin on 12 May 2011
The views from 152 Dornoch Terrace
It’s rare to find vacant land in Highgate Hill and opportunities to build a new home don’t come up often. The development of Brydon Street (after a controversial battle with the local community a number of years back) provided around 26 new lots and all but 3 of them are now built on.
So the last couple of listings of land have generated some strong enquiry. We’ve just sold a post-war house in Dornoch Terrace (which isn’t covered by the demolition control precinct) and the number of calls we had was really encouraging. The market’s appetite for an allotment in an elevated location is strong.
Markets come and markets go, but there’s no doubt quality locations retain their appeal where others might falter.
Tags: Dornoch Terrace Brisbane, land prices Brisbane
Posted in Brisbane's sales market, Highgate Hill | No Comments »
Posted by admin on 2 February 2010
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
Posted in Brisbane's sales market, Spring Hill, trends in Brisbane property | No Comments »
