Unimproved land values, Alice Springs
79. Unimproved land values, Alice Springs
Mr Elferink to MINISTER for Lands and Planning
What is the average price of an unimproved land house block in Alice Springs and how many are currently available for purchase.
Answered on 01/03/2004
The price for unimproved land varies dependent on location, size and any constraint that may exist on the land.
The Real Estate Institute of the Northern Territory Inc has identified six vacant urban allotments currently listed for private sale ranging in price from $87 000 to $250 000.
In the 2002 calender year sales statistics indicate that eight vacant urban allotments under 800m2 in size were sold at an average price of $96 190. For the same period 33 vacant urban allotments over 800m2 in size sold at an average price $95 070.
Figures for the calender year to the end of November 2003 indicate that 10 vacant urban allotments under 800m2 in size were sold at an average price of $100 700. 11 vacant urban allotments over 800m2 in size were sold at an average price of $85 300 for the same period.
Last updated: 04 Aug 2016