read in the fin of a property bought for 27mil 2 years ago and sold for 17mil on hedges avenue gold coast
I know of a site that was bought for 8 mil 2004 and just sold for 3mil
and another that was 9 mil 2005 and just sold for 4 mil.
oh and as for do I know what the origninal owner think of it
but that the way property goes.
get into these numbers and as the saying goes one the rooster then the duster and not alot of joy inbetween
Yes, and when the previous owner bought that property on Hedges Avenue he got it at a whopping discount from the person who started building.
So something like $30m+ to $17m in a few years....
Agreed, there are much nicer places on the coast. I don't think people buy into Hedges avenue because they want privacy howeverI reckon Hedges Avenue would be Australia's most overrated street.
OK, it's absolute beachfront. But you'd have a thousand people every day walking past the front of your house along the public beach, and ten thousand a day in holiday periods. It would be terrible for a bit of privacy.
I think you mean a $2 million saving (not profit), unless she's already managed to flip this second oneThen to make things better she bought the even bigger historic mansion St Just just down the road at $2 million below asking price at $10 million. That house has more living space, a tennis court and she made a $2 million profit off it!
I read the weekend financial review on page 2 about the prestige properties.
In WA, 52 Johnston St Peppermint Grove was sold for $8.5m in June and resold for $12m.
How nice??? I do not know how the origional owner feels about it?
This sort of thing happens at the top of every market -WA is looking increasingly like the bubble....
I was at the auction and got a chance to go through the property, very glamorous! Anyway what happened was a woman payed the $8.5 for it on auction day, then a few months later, someone who missed out at the auction offered her $12, which she obviously accepted. Then to make things better she bought the even bigger historic mansion St Just just down the road at $2 million below asking price at $10 million. That house has more living space, a tennis court and she made a $2 million profit off it!
This sort of thing happens at the top of every market -WA is looking increasingly like the bubble that Iceland once was.