I drove by the old PS office today in Leichhardt and saw the new company name.
Question for those who used this company - how did you possibly lose money buying a property (house on big granny flat capable block of land) out in Western Sydney? Property prices are up in many suburbs out that way by 30% or more over the past 2 years.
Even if you paid an extra $30K for renos, a $300K house is now worth $400K+.
I just don't get it. Perhaps someone can enlighten me. If they are feel can post publicly about their experience and share an address and the figures showing how a loss was made.
Scott
Balmain Property Guy