Last month, I saw a property in Killara at Koala Ave for 1100 square metres flat land that was sold for $1.71M. At first, I thought it was a brand new house but surprisingly, later I realised the house is actually old style and not renovated at all. Sounds crazy huh? So basically the property was sold just the land value. I am assuming the buyer purchased it to redevelopment.
My question is....provided you know this area well, is this price oversold considering this is just the block of land and not selling a newly renovated house?? Or this price is just right since Killara is a very high demand area or something. I mean for that price, I could already buy a brand new house around that area, no?
My question is....provided you know this area well, is this price oversold considering this is just the block of land and not selling a newly renovated house?? Or this price is just right since Killara is a very high demand area or something. I mean for that price, I could already buy a brand new house around that area, no?