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Record price for vacant Australia land |
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A vacant plot of land on Australia's Gold Coast has sold for AU$9.5 million (£3.8m) - a Queensland record.
The price was a recognition of soaring land values at waterfront and beachfront sites on the Gold Coast, said Gordon Douglas of estate agents PRD Nationwide which sold the property.
The price was a recognition of soaring land values at waterfront and beachfront sites on the Gold Coast, Mr Douglas said.
Five years ago, the average price for a beachfront home on Hedges Avenue was a little more than $1million.
Full story in The Australian.
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