Par for the course
Just up the road from my place in Sydney we had a 5 acre block sell for $45million (when the Aussie dollar was at about parity with the US dollar). My quarter acre block is valued at over $1million and my neighbour wants to buy it to add to his half acre. If I hold out I can probably get nearly $2million. Land prices in in Sydney are over the top. Basic residential blocks (about 1/10 acre) are over $600K.
Biting the hand that feeds IT
