I am looking into buying some land in a new development in Brisbane. The sales person informed me that the lot I am interested in is on a privately owned road. They assured me that rubbish and post will still be collected/delivered directly to the house.
Advantages:
- None
Disadvantages:
- Pay $95 annually to sinking fund for upkeep of road
- Full address will be something like 12 Private Road, 25 Other Road, Suburb
Are there any other advantages or disadvantages of living on a privately owned road?
What if the road gets wrecked somehow and the owner decides not to fix it?