Perth is formally probably the most reasonably priced capital metropolis to purchase a block of land.
After being usurped by Adelaide final yr, Perth is as soon as once more a bargain-hunters’ dream, with a median new land value of $228,000.
This compares to an eye-watering common value of $716,381 in Sydney and $382,125 in Melbourne and is a staggering 42 per cent decrease than the mixed capital metropolis common of $391,546.
The annual State of the Land Report, launched on the Urban Development Institute of Australia’s National Congress in Perth on Wednesday, exhibits the median land value rose by simply 6 per cent in 2022.
It was the nation’s weakest performer, with all different capitals recording double-digit progress to drive up the nationwide median land value by 20 per cent.
Read the total story at The West Australian
Source: www.perthnow.com.au
