Sydney auction last week.(Sutherland shire)House bought for 715k...

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    Sydney auction last week.(Sutherland shire)
    House bought for 715k 3.5 years ago.45k spent on renovations in that time.
    Sold at auction for 715k.The house had 2 bidders (i wont go into details with that)
    Bidding started at 685k.I dont know the buying costs/mortgage costs over that 3yr period as i dont know.
    I know the bulls are sick of hearing "my friend etc sold at etc" but im just posting a legitamite sale of my friends house.
    He was very lucky to only make a 45k plus buying/mortgage costs loss.
    On a brighter note, i hand in the keys to the RE agent tomorrow for my apartment i sold 8 weeks ago and am debt free.
 
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