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VIC Braybrook? $611k?

Discussion in 'Where to Buy' started by AdamPineapples, 11th Sep, 2015.

  1. AdamPineapples

    AdamPineapples Well-Known Member

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    I just recently saw a house on Burnett Street in Braybrook go for $611,000. It's a run down old wooden house. I'm assuming its on a big peice of land and whoever bought it is going to develop their. But I was surprised about how much it cost seeing how Braybrook and Sunshine are so close in proximity. Any ideas why this property went for so much more?
     
  2. Pins

    Pins Well-Known Member

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    What is the land size?
     
  3. jpcashflow

    jpcashflow Well-Known Member Business Member

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    I went to an auction in Ardeer which sold for $685,000.
    The demand is there and developers are going crazy. One thing I am noticing is how many people from NSW are starting to invest in Melbourne.
     
  4. infocus13

    infocus13 Member

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    Where is the property & how big is the land?

    Recent sales in neighbouring Maidstone are nudging the $1m mark of ~750sqm blocks in quiet streets so that result for a developable (is that a word?!) property in Braybrook is not surprising.
     
  5. AdamPineapples

    AdamPineapples Well-Known Member

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    Not sure to be honest. I kind of just assumed that it was a big piece of land because of the sales price.
    Not even sure what the median price for Braybrook is
     
  6. AdamPineapples

    AdamPineapples Well-Known Member

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    What are the average prices for those suburbs? Are developers paying more developable block?
     
  7. AdamPineapples

    AdamPineapples Well-Known Member

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    Is their any way finding out the block size though??
     
  8. David Le

    David Le New Member

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    Are you referring to this?
     
  9. AdamPineapples

    AdamPineapples Well-Known Member

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    Yes! That's the exact house. I feel silly for not trying to find it on the net.

    I literally only just glanced at a flyer that was put into a mailbox.

    Is it a bigger block of land or is because of the bungalow thing at the back?
     
  10. KoopaTroopa

    KoopaTroopa Active Member

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    Melbourne
    650sqm is a pretty decent size block. I can see why it got a good sale price.

    Some good options there.

    Good spot in that suburb too.