ouch....that hurts!

49 Dutton Terrace Medindie SA 5081

Bought in May 2011 for $2,350,000

http://www.onthehouse.com.au/buy/results/map/?MapSearch=1&SaveRecentSearch=yes&Suburb=49+Dutton+Terrace+Medindie+SA+5081&State=&BedroomsLeft=0&BedroomsRight=10&Bathroom

Sold in October 2012 for $1,880,000

http://www.realestate.com.au/property-house-sa-medindie-110849823

$470,000 loss on property plus $140,000 for stamp duty and transfer and circa $35,000 to sell the place.

A grand loss of $645,000 or about 27% in 17 months.