
Anybody keen to buy 25 footy fields of land overlooking Sydney’s Northern Beaches for a lazy $2m? Too late, you missed out! It’s gone to a mystery buyer.
What’s the scam? The agent described it as ‘affordable’, which is something of an understatement as the views stretch from the golf course on Long Reef headland down to Manly. The photo is a bit misleading though, as much of the land, formerly owned by NSW Aboriginal Land Council, is on the steep hill above Brookvale oval.
And on current zoning there is only capacity to build residential along a bit of the main road. Still, $2.3m for 9.78 hectares with beach views sounds bloody cheap, suspiciously cheap … almost as cheap – as intriguingly cheap – as the $41k hectare of bushland sold by Landcom down in the Shire a couple of years ago.
Locals left in dark over Landcom’s dirt-cheap sale of Sydney land to property developers
This post was originally published on Michael West.