620,000 plus stamp duty and legal = 650,000
650,000 compound growth of 1.5% for 8 years = 732,000
If the property was mortgaged for 8 years, the investment is a loss
Jennifer Hawkins has sold off another investment property, no doubt given the looming rebuild of her forever home on the Newport waterfront.
Hawkins has pocketed $731,000 for her three-bedroom house in the Newcastle beachside suburb of Merewether, sacrificing what records show was a weekly rental return of $530.
Hawkins had bought it eight years ago for $620,000.
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