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We speak to the team behind the most intriguing recent property sale.
The property: A 110-acre (44.5ha) piece of land with a shed but no house at 1067 Rochford Road, Newham, Victoria. Sold at auction for $1.8 million.
Who was the agent/agency? John Keating, Keatings Real Estate.
How long was this on the market? [Keating] Four weeks.
No house, just a shed: But the 110-acre property at 1067 Rochford Road, Newham in Victoriaâs Macedon Ranges sold for $1.8 million. Â
Why did this one sell? Limited supply and very strong demand. It was vacant land but had a recently issued permit [to build a house] from Macedon Ranges Shire. Having a current permit is like gold. Getting it is so hard. The permit process is up to 15 months and the cost to obtain it is anything from $20k to $30k. We wonât take a property on unless it has a planning permit.
The New South Wales mountrain ranges have been blanketed by snow after the state shivered through its coldest day in 37 years as a polar blast smashed the east coast.
Heavy rain has caused flooding in parts of Victoria with more than 500 callouts made for emergency help and three rescues due to flash flooding.
The State Emergency Service (SES) responded to the hundreds of calls for help after the rain set in overnight, most of which came in between 5.30am and 11.30am today, but continued throughout the afternoon.
The SES responded to three flood rescues as a result of people driving through flood waters, operations manager Josh Gamble said it was disappointing people continued despite warnings. Responding agencies put our lives and our equipment at risk trying to get to these people, Mr Gamble said.