Free vineyards in Margaret River

FOR a limited time only, buyers can pick up a vineyard in the Margaret River free.

The decline in value of wine ­assets in the millionaires’ playground of Western Australia has been so great that some vineyards lost all of their value, after being priced at $60,000 to $70,000 a hectare just a few years ago.

The catch is there is still an ­underlying price for the land ­underneath the vines, known as the “bare-land value”, although even that is subject to negotiation, The Australian Financial Review reports.

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