RedMage wrote:
The houses over the river are the most expensive here.
In Melbourne, there is a definite "right" and "wrong" side of the river. Genreally close to the CBD is expensive, cheaper the further out you go. Melbourne is about 50km (30 mile) radius, but longer on "growth corridors".
House cost approx A$10,000/sq (A$100 per sq ft or USD 7,000) to build new. A 56 sq house (5600 ft) would cost approx USD 395,000 to build new (depending on quality of fittings etc). Could spend less. Could spend lots more.
City fringe land building sites A$120,000 for 700 sqm = USD $85,000 / 7000 sq ft. In a good inner city suburb land value can be millions.
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I just dropped in to see what condition my condition was in.
Strewth!