Hate to burst your bubble but I paid $100K for a 2 bedder in cairns for a 2 bedder end of last year and it has the cheapest body corporate at $220 p/q
Currently under rented at $160p/w
Ok. Stock standard, median priced, capital city located, residential property, around 500k worth.
Looks like a good buy to me! That's a huge discount from the original price (33%), well done.Original price was $160,000, then dropped in price over several months
Looks like the crash might already be under way in some areasP.S. Haven't you seen the action on some of the other threads by the current D&G brigade. You clearly are dreaming because such cheap properties do not exist
(I hope they see this thread.)
Looks like a good buy to me! That's a huge discount from the original price (33%), well done.
What was the last advertised price before you made your offer (e.g. what discount did you get off asking price)?
What would median/previous sales history say it's worth? Are these sorts of deals common in Cairns?
Looks like the crash might already be under way in some areas
As previously stated, full details will be revealed in a few week's time as the property is still under contract - a bit like Nathan
Deals like this are scarce as Nathan knows, but are out there - have to keep your ear to the ground
Its going to take few weeks to be under contract?
If it was a bargain I would be signing an unconditional contract the same day my offer was accepted (unless it was a house or block of unit then i would be getting a building & pest done before signing the unconditional contract).