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Junior Member
Estimated average growth or return on bare land investment
Newbie looking for some advice from those with experience here...
I'm struggling to find any useful data on how much bare land appreciates over time. Can anyone point me to some useful info?
For example some average annual investment return, or an index chart or something like this (which doesn't consider land without a house on it): https://www.rbnz.govt.nz/statistics/...e-price-values
Or is it possible to see how many previous owners a section has had, and what the previous sale prices have been?
Basically I'm thinking of buying a residential section and holding it for a few (3-5) years. But want to compare that against if I just held shares for the same period.
Cheers
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