Profitability and market value of subdivided land with secondary dwellings

Recognise that market value is ultimately determined by what a buyer is willing to pay for a property.

Supporting Context

In a free market, a property's price is set by supply and demand. If a buyer is willing to pay the asking price, regardless of perceived value or profit margins, then the property is not considered overpriced in that specific market context.

Tags

Finance & Budgetingsupply and demandhouse and land packageland & subdivisions
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