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sold for 1.28M

Those were only examples, i have plenty of min $600K ones too. You must know a lot of people who love to keep a lot of cash or can get it very easily. And this is coming from someone who is in IT contracting in Canberra earning $150K+ p/a. Even I dont know that many people who would be able...

Hi handyandy, Thanks for that info. Its very useful. Regards.

Hi Piston Broke, I was not referring to the people on this forum but the public in general. But for you to say then why they cant find a buyer if there is money to be made is very very naive (no disrespect). Given 2 examples: I bought a property in The Entrance for $203K 7/18...

ok i am not going to argue something neither you or i can prove. Getting back to the inital question: instead of making such a broad comment because there can be millions of reasons for why they cant find a buyer, can you please show me if you see anything wrong with my numbers. i...

thats a very cryptic comment, care to expand on that?

not many people have approx 400K$ cash which is a minimum for this deal, probably closer to $500K.....

Yes definitely. Need to get a Building & Pest Inspection done on the property beforehand even though the agent reckons there is no structural issues only cosmetic changes like replacing common door etc.

Purchase price ~ 1 MILL Need to get it strata titled (already strata approved) Sale Price approx $220K each unit (very conservative) so ~ 1.32Mill + ~ $300K for shop so about 1.62MILL

Yes looks like the max will be 70% LVR. Was it in same condition as now when it up for sale at 599k?

Hi Guys, I have found a property which has a lot of net profit to be made but unfortunately I will not be able to finance it so I am putting it here : http://www.realcommercial.com.au/cgi-bin/rsearch?a=o&id=5711695&f=0&p=10&t=com&ty=&fmt=&header=&cc=&c=88152759&s=nsw&tm=1288163736 There...