Land for Sale in Australia – but not as we know it

Getting Down Under Australia

Land lots for sale in Australia

I took this picture last week (click on thumbnail for a larger image) to give you an idea of the size of some of the plots of land that you can pick up here in the Northern Suburbs of Perth.

This latest land release is in a place called Burns Beach which is approx a 40 minute drive north of the Perth CBD.

I think its fair to say that the size of the plots is nothing to write home about. I remember before we came out here that we looked forward to buying a nice big plot of land somewhere near the coast and plonking our house in the middle.

Unfortunately in Perth, It just doesn’t work like this any longer (I think I wouldn’t be wrong in saying that its not really been like that for the last 3 – 5 years or so).

The plots you see in the picture are between 400 – 600 Sqm in size. Burns beach is a pretty nice spot as some of these plots will have potential views of the ocean but for the privelage your paying a premium.

These plots of land are starting at over $500k with the larger plots touching the $1 Million mark. Thats £200 -£400,000+ just for a bit of soil.

Add on top of this the cost of building a house and you’re not going to be left with much change.

The problem stems from the fact that the Western Australian Goverment are not releasing the land quick enough and like most things. Anything in short supply is going to cost a premium.

Although the govenment is being encourage to release more land, I don’t think this is going to happen any time soon.

In the meantime I think when we do look to buying our own home, we’ll be looking at buying somewhere that’s already been built.

After my post the other week about the Australian Exchange Rate things appeared to have been settling down during the last few days with the rate heading back in the right direction.

Note to self – Must pull my bloody finger out 8)



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    MarkjohnsonOz_Monkey Recent comment authors
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    johnson
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    johnson

    I am Mr.johnson Opie, a citizen of Cotonou – Benin Rep. I have some reasonable and verifiable funds which I want to invest in your country with you as my managing partner. Although I have an age long interest in the Real Estate business, I would however rely on your advise on any fitable/low risk business venture since you as a citizen of your country would be more accurate as to the best type of business to venture into.Should this proposal be of any interest to you, please do not hesitate to contact me immediately.I will provide the complete details… Read more »

    Oz_Monkey
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    Oz_Monkey

    Well I made the decision to put off buyign a house for a few years, and unfortunately, I saw the market double in price!!! I live in the ACT, and I sadly watched smallish 1 bedroom units go from round $120,000 to $250,000. And in the ACT, you don’t even own the land! You have to lease it from the ACT Government…

    The only way you’ll get a large bit of land for a reasonable amount is to buy either in some remote town in the middle of nowhere, or buy in a dodgy neighbourhood.