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I should clear up a bit of the what i was saying earlier. What i purchased was a block of land in an estate not a house. I purchased the block from somebody who bought through the developer and on settlement found they couldnt handle the loan/afford to build/whatever. I know what the other...

Yes it is different. Just because you happen to find 1 person desperate to sell in an area it doesnt mean the whole area is. If the same thing happend more and more you would be right but a one off? Thats money in the can baby.

With that logic you would never make any $$$

I put it an offer on a property 28% below market two weeks ago and got accepted. Exchanged yesterday. :cool: and :( for the previous owner.