Remarkable Price Hikes of Land For Sale in Brisbane’s Blue-Chip Suburbs

1

 

Real estate specialists have noticed no respite in the steady increase in prices of land sales in Brisbane, Queensland over recent months and years – in fact, quite the opposite in some suburbs of the Queensland city.

According to recent research, the median land price within the Brisbane local government area rose by 9 percent to almost AUS $410,000 in the first quarter of this year, compared to 2016 prices. Based on an average block sale size of 446 square metres (itself slightly smaller, as space is at an increasing premium), the average price per square metre is currently around $919 (winter 2017). Read more on this Article: http://bit.ly/2uVEZuQ

Advertisements

Properly Determining the Monetary Value of Land for Sale in Brisbane

land-for-sale

Determining the value of land can be quite a hassle. The decision needs a lot of considerations, which are based on several factors. Furthermore, the prices of land sales in areas like Brisbane are mostly ascertained by isolation as opposed to comparison.

Here are key factors that you can use to determine the value of land for sale.

Location

This is one of the most important factors that determine the value of any piece of land for sale in Brisbane. You have to check if the property is near any important landmark. Also, the closer the land is to a populated area, the higher the price is expected to be. A huge number of property investors opt to buy land in well-populated locations even if units in less dense areas are often better. Read more on this article: http://bit.ly/2tHisUX

Not Just Location: Factors that can Affect the Value of Land for Sale

LionLandMarketing1.jpg

Everyone knows that location is the primary factor that determines land value. However, there are also many other things that affect how much a piece of land is worth. Below are just a couple of considerations to keep in mind if you intend to purchase land for sale in Brisbane.

Physical Features

Is the plot of land on a mountainside? While this area may be harder to develop, it can make for a desirable vacation home community because of the stunning views it can offer. As such, the physical features of the land can play a huge role in how valuable it can be.

Anyone can buy a flat piece of land, but very few plots of land have unique features such as a mountainside view, and this can determine both the buying price and expected return on investment. Read more from this blog: http://bit.ly/2laH1lF