Yahoo Finance 4.6 metre wide FOOTPATH for sale for $400,000
Queensland appears to be following in the footsteps of New South Wales with ridiculous property prices.
This vacant piece of land has a price tag of over $400,000, is just 4.6 metres wide and currently has a footpath running down the middle of it.
“With minimal land left in this stunning new estate, here's your chance to secure a vacant parcel and design a home just the way you like it,” the listing said.
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“Positioned at the end of the row, opposite the cafe and play area for the kids and with rear entry, this land is a 100m walk to the recently completed shopping precinct with cafes, tavern and Baringa State School.”
The footpath running down the centre of the property is part of an ongoing lease that will expire on the 30th of September this year.
“First home buyers and savvy investors will see the value in an entry level priced land within a very fast growing area,” the listing said.
“Secure this land and plan for the future before Sunshine Coast prices get even further out of reach.”
Queensland’s hot property market
Over the past 12 months the Brisbane property market went up 29.3 per cent, with the average price to buy a home $749,293.
The latest figures from CoreLogic show national home values were up 0.7 per cent in March, a subtle increase on the 0.6 per cent lift recorded in February.
The uptick in the monthly rate of growth was primarily driven by stronger conditions in Brisbane, Adelaide, Perth and the ACT, along with several regional areas, offsetting a slip in values across Sydney and Melbourne.
The first quarter of the year has seen Australian dwelling values rise by 2.4 per cent, adding approximately $17,000 on average to the value of an Australian home.
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