Been doing research in the market but just found it so hard to justify value to make up mind for subdividing or not. It seems as if land price is so random... Some tiny land 300sqm can sell for $900, $1000 per sqm, some larger block like 400sqm can sell for only $700 sqm.
I know there are factors such as hammer block, narrow frontage, which may affect the price tag but I am talking about those with the same features, ie 9, 10 m frontage, 300-400sqm in the same areas.
I called a couple agents and all they did was same as what I did, looking around the area and try to compare. It seems as if sellers can just make up their price tag and wait for buyers for land.... There's no standard... Is there?
I know there are factors such as hammer block, narrow frontage, which may affect the price tag but I am talking about those with the same features, ie 9, 10 m frontage, 300-400sqm in the same areas.
I called a couple agents and all they did was same as what I did, looking around the area and try to compare. It seems as if sellers can just make up their price tag and wait for buyers for land.... There's no standard... Is there?