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 ???
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Here is an example of a unit sale and following the journey of...
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