Cheap plots of land for sale in these suburbs might seem like a bargain, but beneath the surface lies a truth that could leave buyers lingering in a ghostly limbo between dream and reality.

Properties advertised for as little as $40,000 might lure in buyers like candy on Halloween night, especially in a market where home prices are creeping upwards , and interest rates are still hauntingly high despite rates being slashed thrice this year.

These bargain properties might feel alive with potential, offering a private patch of land in a natural setting.

But the reality can be a lot murkier.

Australia is dotted with ‘paper subdivisions’ – estates where large blocks of land have been carved up into small lots and sold off, but where bringing a home to life is near impossible.

While the l

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