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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.
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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