I recently visited the Ellendale estate in Upper Kedron Queensland to enquire about the cost of buying a block of land. I was quoted $610k for a 433 sq mt block, and $725k for a 536 sq mt block in stage 4C Release 5.
My questions are:
- How do they decide the price of the blocks? I asked for a rate sheet and was told there wasn't one and that the estate company decides on the prices based on past sales.
- Do these prices look right in today's market (Feb 2022)?
Thanks,
Yoshimitsu