Fury as beach ‘property’ goes on sale for an eye-watering $280,000… but there’s a VERY big catch12/15/2021
AN Aussie beachfront "property" has hit the market for $280,000 – but there's a very important catch.
The property in question is actually an old, narrow footpath located less than two metres from a playground.
The plot was sold for $107,000 (AUS$150,000) in 2019 but the price has now skyrocketed to $280,000 (AUS$400,000).
Located on Australia's Sunshine Coast, the path is only 4.6 metres wide.
Its listing has sparked outrage online with users insisting you could barely park a "caravan" on it, never mind build a home.
Aussie sales executive James Henley told the Courier-Mail the spike in value is a result of the "crazy" prices seen in the sought-after area.
He said: "Prices are going crazy on the Sunshine Coast and what seems to be an ambitious price sets a new benchmark for an area."
Mr Henley said the plot would be ideal for first time buyers looking to build a house.
Most read in Money
Millions could wait longer to retire as state pension age could rise earlier
Thousands of Brits have just days left to claim up to £125 voucher before Xmas
This pie & mash shop hides AMAZING 3 bed property worth more than £1 million
Universal Credit, PIP and other benefit payment dates confirmed
Social media users expressed their fury at the listing.
One said: "Council and developers with both hands in their pockets here, bl**dy disgusting."
Another wrote: "I'll be able to back the caravan in and just roll out the awning. Perfect."
A third posted: "I'm selling my front yard for $400k if anyone's interested."
One user wrote: "That’s just ridiculous."
Another person joked: "Act fast! Space here for more single car garages than you could poke a stick at."
Source: Read Full Article