(AU) Land for apartment buildings at $223,000/unit
A report from Perth, in Western Australia, says that two sites capable of accommodating a total of 24 apartment units were recently sold for a total of $5.35 million. This would be $A222,917/unit, or about $184,000 US. The sites are in the Churchlands Green development which is said to “emphasize sustainable design principles.” The developer has published a list (small pdf) of single family lot sales prices, which it reports have ranged from $A525,000 to $A860,000.