tale of property investor, page-5

  1. 428 Posts.
    lightbulb Created with Sketch. 2
    Hi guys,
    just reporting back on an auction held lastnight for a 3br townhouse in Cronulla in sydney.
    12 years ago a group of NRL players bought off the plan townhouses in this particular complex in Cronulla for 750k ea.
    Over the past 3 years the townhouses have been offload with the last (i believe) being sold lastnight after being on the market for around 5-6 months before going to auction as there were no offers.
    It sold for 720k and i believe Nigel Vangana is a very lucky man as in 12 months time he wouldnt get close to this price.
    Lesson learned.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.