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    People still investing in Australian residential property are just plain dumb

    Hi Oceanview, 100k nett for 3 days. Wow! Was the property value greater than 1M? I know of purchasers in that category who casually negotiate in increments like that (crazy eh)………..makes regional purchases which put $10 a week in your pocket look a bit sick. Great work! :)
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    People still investing in Australian residential property are just plain dumb

    Hi Brains, I’m interested why this is so in your area. Have prices long ago reached ridiculous levels and with a perceived (real) softening in the general market people now refuse to pay vendors prices? What do you think?
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    People still investing in Australian residential property are just plain dumb

    I’m with oceanview, IMHO Lifestyle locations will continue to show great growth. My relatively basic studies of Sydney’s northern beaches shows that a lot of purchases of units, townhouses etc are being done by retirees for cash! Typically, they sell up their north shore home for 900k and buy...
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