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