Here is an example of a unit sale and following the journey of successive owners..
216/16 Mann drive Brompton
https://www.realestate.com.au/prope...4ep-pdp|sold-pdp:property-history-cta#history
Sold June 2014 for $394500
Stamp duty approx. 16k so owes $410k
Sold in February 2015 for $373K So owner lost minimum $37k if no agent fees taken in account
New owner would have paid $15 k in stamp duty etc so owes new owner $380 k approx..
Now for sale again $365 -$375
So owner again losing $5k plus agent fees
https://www.realestate.com.au/property-apartment-sa-brompton-126788030
It puts a different perspective on "investment" and apartments in Adelaide.. Those buying now.. will they make a positive return in 1-5 years ???
- Forums
- Property
- Factual property deal show big loss
Here is an example of a unit sale and following the journey of...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online