Can anyone top this capital gain ?

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From: Neil Iffland


I read in the local paper that a shack on a prime water front block at Bundeena recently sold for $1.75M. Was bought for $660K one year ago & was not renovated. That's about 165%pa capital gain ! I guess the 2% rental yield wouldn't be a worry in this case.
 
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Reply: 1
From: Donna L


I have a sneaking suspicion there was
something related to council approval for
use of part of the block which was
eventually resolved. Maybe this was the
catalyst for such a huge increase.

Donna L
 
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