Pre GFC, many of my clients were looking out for that special site on which to build a good family home. It was many a tree changer’s dream to find a few acres on a hill with a verandah overlooking rolling green hills. Sling a hammock between the support posts and the job is done. If you could afford it, looking at the blue Pacific on the horizon would be good as well.
Part of my buyer’s agent brief is to make sure clients know what they are getting themselves in for. Those rolling green hills are what is left of “the Big Scrub” – millions of hectares of fertile volcanic soil. It has a fecund life force and a habit of coming back at you with a ferocious will. Retirees from inner city rose gardens need to be warned that they are also retiring into a part-time job looking after a bush acreage.
I soon realised that a few acres on a hill with a view was a finite product. I could estimate that there are maybe between 100 – 200 great home sites within the parameters of desirability. Lets tick the boxes: 20 minutes from Byron Bay, no road noise, good building pad, easy access to amenities and major roads. Oh, yes, a good view is also necessary.
Now that the market is stronger, this brief is back. Retirees in the city are planning their next move and the above dream is on some clients wish list. It may be good to look at a few current listings that could fit the bill. There are plenty of multi-million listings with good views but these are a few that are low priced with value adding potential.
A small acreage just outside of Federal fits the bill. It sits on the top of a hill with 360 degree views. The house is very basic but newly renovated. It goes to auction July 18 with an expected range of low to mid 700s.
This is a large rambling house that really needs some work. In sought after Myocum but close to the highway, it is tucked away offering less road noise than it’s location suggests. It is huge with 5 beds, 3 baths, 2 car garage, a pool and Westerly aspect. Will sell for high 700s/low 800s.
4 acres, 4 bed, 2 bath, looking for offer $900,000. House is fairly simple but could be made into a million dollar plus property without much effort. View is more treed than rural though.
Small acreage in a good location with views but a very basic house – high 600s.