"Auction", page-10

  1. 1,539 Posts.
    lightbulb Created with Sketch. 59
    I have a friend who has had a property on the market at Lakes Entrance for FOUR years.
    He dropped the asking price $20000 late last year. No bites.
    Has a tenant. And it is neg geared. Capital gains have been poor. Could be neg depending what
    he sells for. Considering costs e.g. stamp duty, neg cash flow, he is down $40000. could get worse.
 
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