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Hi MTR. There's a lot of interest from Mrs Oscar in southern Turkey where small coastal villa's can be bought for under 100K euros. Italy is at least twice that in the places we have been looking. I am willing to spend up to 500K which basically gets you a large sea side villa in most...

correctomondo - and including the depreciation I was able to claim. It's not great, and I would have done much better if for example, I had bought a similarly priced property in the inner west or closer to the CBD..

Sold I basically sold my Newport beach house for the same price I paid for it in 2007. The house had great views but what was not advertised were the 68 steps to get to the house from the street, and no possibility of off street parking. The property still paid me back in the order of 200K...

pretty simple really seafood - we've been living in europe (in different countries), over the last 5 years. We've made friends, established some roots, and quite enjoy the med summers here. It would be great to have a base for our retirement. we have been looking in diverse places, in Italy...

good point Michael and you got me thinking... I still reckon I can make better use of the cash in a down trodden but awakening market in europe. I like the idea of receiving income in AUD, US$ and Euro. Especially since we will probably buy a PPOR somewhere in EU or Ireland in the not too...

sold? Looks like I have a sale. Haven't exchanged contracts but buyer has moved ahead with pest and building inspections. Last chance to purchase a great property at 2007 price before it goes unconditional...

indeed they are awesome views. 180 degrees and uninterrupted! Great if you like to see migrating whales over a cup of coffee on the balcony. Jaysus, I should be a sales agent!

Somersofters - time to let go of my beach pad. This is a bargain especially when you check the last sale price obtained for this property. I will be making a small loss in order to put the money elsewhere. Outstanding views and lifestyle property. Will be sorry to see it go...