The sale of a 2,023sqm residential block outside Rosewood is indicative of the significant change in local land values since the Covid years.
In early 2020, the property sold for $200,000.
At that time, a medium sized, two bedroom cottage was located on the block.
Last month, the now vacant land sold for $600,000 – while the cottage was no longer on the property, there was a four bay shed.
The property, located at the corner of Karrabin Rosewood Road and Hospital Road, also has power, water and sewerage connections.
