A blog about Lamb Island in Moreton Bay, Queensland – a unique little paradise under forty kilometres as the seagull flies from Brisbane CBD.
Because of restraints on time, and let’s face it, only a limited amount of material on a small island, we’re now recycling selected earlier posts.
There’s not a comment facility, but if you have a question, you can use the email gizmo near the bottom of the right-hand column.

Wednesday, May 22, 2013

What’s this house worth?

I’ve mentioned before on this blog how, because Lamb Island is something of a secret as far as the rest of the world goes, property here is in little demand and therefore ridiculously cheap. The house above is a perfect example. It sits on an acre of land, and after a fair while on the market, it’s just been put under contract for much less than an absolute dump would bring in most city suburbs. So here’s a question for amateur property valuers: What’s it going for?

Answer: Presumably somewhere south of its asking price of $279,000.