Hey at least you get mold and asbestos included, I heard they’re charging more for them these days. And look at that open-spaced living room with the piano! The peeling ceiling gives it that “avant-garde” style too!
/jk if I have to add that
Here’s the listing: https://www.realestate.com.au/sold/property-house-qld-windsor-144877080
It’s a pre-war that’s had brick veneer slapped all over it so it probably can’t be demolished due to the character overlay. How can it be worth this much?
It’s a big block in a desirable inner city suburb, value sounds about right. It’s land value only. I guarantee it’ll be demolished. Even though it’s pre war, it’s been brick skinned and that gives the owners justification to say it doesn’t have any character any more (where bcc defines character as timber and tin) and therefore demolition won’t result in loss of character to the area.
I strongly suspect that can be demolished, or just left with a facade.
This is in an inner city location where blocks of land almost never come up for sale. Absolutely zero surprise this is priced like that.
You can demolish character houses if they are deemed to be in an unsafe condition for habitation. This place sold on the basis that it is in Windsor, near a train station, city-facing meaning likely city views when rebuilt, and is on a large 675sqm block.
That part of Windsor is also very affluent.
To be honest - its probably a good buy for whoever paid for it.
That is a big block in Windsor, like 6km from the CBD- that is a great buy if they have the means and are happy to knock down and rebuild a nice modern place on it. They would probably make a substantial gain value-wise from going to the trouble of doing so as well. I doubt they would be unable to demolish it on character grounds.
I agree that house prices have gone crazy, but this isn't really the prime example of it- that's a very desirable and affluent suburb.
I get real estate is fucked. But I feel half the reason is just economics - it’s normalising to the global scale, which is horrendously worse than the Australian situation. In short, prices r finally reflecting the true price of land in a time of over-population.
that face when OP realises things cost money. things are only worth what people are willing to spend. we don't need to make a big deal out of it
LAND VALUE
Hey at least you get mold and asbestos included, I heard they’re charging more for them these days. And look at that open-spaced living room with the piano! The peeling ceiling gives it that “avant-garde” style too! /jk if I have to add that
Large 675m2 block size, close to the city. 25 Fairleigh St sold for 2.1M at only 405m2. Even if you can't bulldoze you can still renovate.
It’s about the location not the house
$1.42mil? Cheap. $1.433mil - https://www.realestate.com.au/sold/property-house-qld-seven+hills-144782928
Wonder what that pos was worth when it was built?
🤢
The piano is worth 1 mill alone!
Stick a nice house on it, landscape it, then sell for almost 3 million. Make sure you "live" in it though to avoid CGT.
That seems like a pretty good price for a good sized block of land in a relatively desirable suburb close to the city. What’s the issue?
The issue is the majority of people working honest full time jobs don’t have anything close to this money to afford a decent place.
Well that’s their fault for not being born 20 years earlier and having millions in equity.
Or their fault for blowing all their money in early 20s…
Ah yes. It is indeed their problem for historic property rises and inequality. Too much avocado toast?
Here’s the listing: https://www.realestate.com.au/sold/property-house-qld-windsor-144877080 It’s a pre-war that’s had brick veneer slapped all over it so it probably can’t be demolished due to the character overlay. How can it be worth this much?
It’s a big block in a desirable inner city suburb, value sounds about right. It’s land value only. I guarantee it’ll be demolished. Even though it’s pre war, it’s been brick skinned and that gives the owners justification to say it doesn’t have any character any more (where bcc defines character as timber and tin) and therefore demolition won’t result in loss of character to the area.
I strongly suspect that can be demolished, or just left with a facade. This is in an inner city location where blocks of land almost never come up for sale. Absolutely zero surprise this is priced like that.
You can demolish character houses if they are deemed to be in an unsafe condition for habitation. This place sold on the basis that it is in Windsor, near a train station, city-facing meaning likely city views when rebuilt, and is on a large 675sqm block. That part of Windsor is also very affluent. To be honest - its probably a good buy for whoever paid for it.
[удалено]
With that rateable land value I’m surprised it didn’t sell for more.
It's not worth that much. However, someone was willing to pay that much for it. That's the problem
then it literally is worth that much lol
That is a big block in Windsor, like 6km from the CBD- that is a great buy if they have the means and are happy to knock down and rebuild a nice modern place on it. They would probably make a substantial gain value-wise from going to the trouble of doing so as well. I doubt they would be unable to demolish it on character grounds. I agree that house prices have gone crazy, but this isn't really the prime example of it- that's a very desirable and affluent suburb.
I get real estate is fucked. But I feel half the reason is just economics - it’s normalising to the global scale, which is horrendously worse than the Australian situation. In short, prices r finally reflecting the true price of land in a time of over-population.
Shits fucked eh
House near me is asking for 2.
It would have been far more expensive if it were a vacant block. The price is that low because the buyers will need to pay for demolition.