Capital Growth, page-65

  1. 23,739 Posts.
    lightbulb Created with Sketch. 1
    We purchase 2 units off the plan around 3 yrs ago and paid the total price up front $700,000 and the builder pays us 6% PA on our money until handover.
    Due to covid etc, it has taken 3 yrs and titles now, will be any day.

    2 weeks ago we were asked, would we sell one of them for $450,000 as they had a buyer for that amount, two in fact.

    So that would mean, in 3 yrs our 700 has gone to 900 plus the 6% on our money over this period.

    Nar, don't buy property guys, as you'll get done over tongue.png








 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.