How much is 590 Orrong Road worth?

The cheque required may not necessarily be giant.

Let’s face it – following real estate prices is an abiding obsession for may locals. Estimating residential properties is hard enough but evaluating a site such as 590 Orrong Road is an art unto itself. One of our members with qualifications in valuation has set his sites on the site.

It’s been a tonne of work which we’ll publish shortly but in short; the $60 million figure that has been bandied about may be way too high. This means that the property may be affordable to a larger range of purchasers with a wider range of redevelopment ideas and a differing priority on profit. This is good news for supporters of open space,  community owned facilities and schools.

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