Sites attracting hot competition from first-home buyers, builders and neighbours looking to expand their landholding
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Small blocks of land with active electrical substations in Sydney’s north have sold for up to $1.8m as buyers fight to enter Australia’s most expensive housing market.
The high prices for the tiny blocks, which come with complex challenges for architects and builders, is yet another sign of Sydney’s housing shortage, said Tim Lawless, research director at Cotality, formerly CoreLogic.
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