Can you really buy land in Victoria for $2 per square metre?

Can you really buy land in Victoria for $2 per square metre?
Can you really buy land in Victoria for $2 per square metre?

Low priced land has a lot of people talking and in Victoria there are a few blocks available on the cheap.

Land prices in Melbourne’s city-fringe housing estates continue to hover at around four-year lows, according to Oliver Hume.

However, how far away do you need to get from the capital to secure blocks at prices as ludicrously low as $2 per square metre?

Lot 7, as well as Lot 17 (pictured below), on Netherby Baker Road, Netherby are both on the market for $11,500 each.

The listing notes that the land is rural residential in the Netherby township, “which boasts a pub” and is 20 minutes from larger town Nhill. It is an hour from the city of Horsham, and 20 minutes from Victoria’s largest recreational lake – Lake Hindmarsh.

Netherby is 405 kilometres north west of Melbourne.

They are each listed as being approximately 1,011 square metres.

This works out at approximately $11 per square metre.

Can you really buy land in Victoria for per square metre?" />

 

Can you really buy land in Victoria for per square metre?" />

Another 1,011 square metre block at 12 Moore Street, Kaniva (pictured below) is up for sale for $13,500. It has electricity, water and sewerage adjacent to the block and faces the Native Botanical Reserve.

Kaniva is 415 kilometres north-west of Melbourne.

It works out at around $13 per square metre.

Can you really buy land in Victoria for per square metre?" />

For $13,500, the 836 square metre block at 59a Anderson Street, Dimboola (pictuyred below) is available for purchase.

It is noted as being ready to be built on with all services available, apart from gas.

Dimboola, in the Shire of Hindmarsh, is 335 kilometres north-west of Melbourne.

This works out at approximately $16 per square metre.

Can you really buy land in Victoria for per square metre?" />

A block in Harrow, for $14,000, on Coleraine-Edenhope Road (pictured below) was up for sale noting that power was passing by the block.

At 6,457 square metres, the block estimates out at about $2 per square metre.

Harrow is 390 kilometres north west of Melbourne.

Can you really buy land in Victoria for per square metre?" />

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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Victoria House And Land

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