I’m seeking advice on purchasing land in Australia. I came across a living off grid website called ourway.org.au. It stated that 2 hours away from any major city cheap land can be purchased for as low as AU$ 1000. I registered but received no activation email and there is no moderator or email contact. So I don’t know if it is a legitimate site? So I was unable to post on their forum for information. I’ve tried searching real estate websites but seem to be for expensive urban/rural plots, existing property or vast farm size acerages. I’m interested in acquiring some essentially worthless rural bush land (overgrown, rocky, steep, disused quarries etc) ideally about 2 to 5 acres that is neither good for commercial property developers or agriculture. Previous experience with real estate agents has been negative so I don’t want to contact any as they are time wasters. What is the best way to go about finding such land in Australia? I don’t want to place a wanted advert as it will up the price. If anybody has any suggestions please let me know.
Thanks for the response and information. I’ m currently in the UK and planning ahead long term for a lifestyle change should I get work severance in the next 12 months. As the Australian economist Steve Keen indicates the real estate market in Australia is grossly overvalued and expects a market correction in the future. I agree with him on overvalued, hence the search inland for remote worthless bushland. I have n't looked into soil quality, though for my needs I'll accept poor quality soil.
I figured around Sydney and Melbourne would be extortionately expensive so I’ve discounted NSW and Victoria. I was looking at Western Australia, (2 to 3 hours either north or south of Perth), Northern Territories and Queensland. I had never considered Tasmania and will definitely look into that location in much greater depth. As some initial basic research indicates it has a lot of positive potential. So thanks for the tip. What are the Blue Mountains like for land prices, especially for steep and rocky ?
Location: cool climate, Blue Mountains, Australia
posted 3 years ago
Blue Mountains prices are ridiculous! The soil is poor. Perth is a big bubble. And we have either too much or too little water. A lot of the land is under a mining licence and in this case you always lose. The further out you get the more difficult it is to get your produce to one of the big centres. I would only buy what I inspect personally. And really do your research.