Friend of mine sold his house a week ago in Yarraville. Wanted $1M+, got told by agent the market is scratchy expect 950-1. Sold at auction for $1.15M. Wealthy parents buying the pad for young daughter.
The kind of buyer everyone wants, you just need some luck and the right property for that market.
House was bought for $580k 13 months ago. Total rebuild, made $250k profit.
global woes- + the rba is even gloomier today, page-5
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