This has had over 4400 hits and, that doesn't include previous listings. Apologies for the formatting below, however this has had numerous price reductions from 2008 (550 K) to current day (370 K).
On the Market Price History
Final Sale Price History
Advertised Asking Price Property Type Type of Sale Selling Agent
6-Jun-2013 $369,950 House Private Treaty FN Real Estate Pope Nitschke 30-May-2013 $395,000 House Private Treaty FN Real Estate Pope Nitschke 30-May-2013 $369,950 House Private Treaty FN Real Estate Pope Nitschke 16-Apr-2013 $395,000 House Private Treaty FN Real Estate Pope Nitschke 5-Mar-2013 $425,000 House Private Treaty FN Real Estate Pope Nitschke 4-Apr-2009 $550,000 House Private Treaty FN Real Estate Pope Nitschke 9-Apr-2008 $550,000 House Private Treaty FN Real Estate Pope Nitschke 19-Nov-2007 Not Disclosed House Private Treaty FN Real Estate Pope Nitschke
Either it's a lot of trouble or perhaps approaching an opportunity level for those who are able to pull off the subdivision. Is there demand for such smaller blocks there or are circa acre blocks the norm?
I think it's good you are sharing this ASM as the responses you will receive may help you narrow down what you are looking for and able to successfully accomplish. I echo others sentiments also and do not believe that your investors (JV partner) should pay for your learning curve especially when contingencies are lacking.
I envisage you have learnt plenty from this thread already. As you have come to appreciate this forum is a great resource to learn from.
Good luck.