bought for $262,500 in 2003 sold 4 $95k

[karina]

http://www.smh.com.au/articles/2006/09/16/1158334735688.html?from=top5

The article talks about a mortgagee sale that went for 95k in cabramatta last week after somebody had paid 262,500 in 2003.....

 

[The Y-man]

Hi Karina,

Someone beat you to it....
http://www.somersoft.com/forums/showthread.php?t=27962

Cheers,

The Y-man

 

[karina]

Thank Y-Man , hadn't seen it.

 

[Diane]

Does anyone really believe that a unit in Cabramatta was worth what this person supposedly paid for it? I would be surprised if a one bedroom unit in a block like this in Cabramatta would have hit $120,000 in the height of the boom.
Diane

 

[DavidMc]

Hi Karina,

Someone beat you to it....
http://www.somersoft.com/forums/showthread.php?t=27962

Cheers,

The Y-man

To avoid this in the future - perhaps we should make the thread title the same as the newspaper article title?