Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Signs of Gentrification Just like what happened in the shitty inner city Brisbane suburbs that have now become the most expensive and most sought after Not expecting Depot Hill to be the most sought after or most expensive but there are very obvious indications that there is money being spent in the are both in housing and infrastructure.
90% of rentals in depotHill average $250 or so yet fwanks seem to be in the top percentile, even though they regularly flood. What a load of shit you sprout fwanki
He is a complete dickhead. $380 would get you a 3 bedder 15-20km melb CBD, who the heck would pay that to live in Rocky.
$165k to own but paying $380pw in rent??? Does he believe his own horse shit or what?
I know I know
He's a complete tosser, and he'll get mauled on this thread as he always does but he never learns. Gentrification lol "PLEASEEE" Maybe if the sewage treatment plant wasn't at the end of the street. But that's a big maybe.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Yep, It has had a few owners and we even went to an auction about 10 years ago but were only prepared to pay $60k - I think it sold for high $100's from memory. They threw an inordinate amount of money at it thats for sure but it's still a sign that there is something going on in the area and others see the value in inner city property. Get some more like this happening and the sheep will follow, just like they do in any near and inner city areas, even those that are flood prone.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
And that's the sort of house that might fetch $350. Not some dump a scabby landlord spent $6000 on.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Yep, It has had a few owners and we even went to an auction about 10 years ago but were only prepared to pay $60k - I think it sold for high $100's from memory. They threw an inordinate amount of money at it thats for sure but it's still a sign that there is something going on in the area and others see the value in inner city property. Get some more like this happening and the sheep will follow, just like they do in any near and inner city areas, even those that are flood prone.
DatePublicationProperty TypePrice 05/06/2007Government Notified Sale (Normal Sale)Dwelling$251,000 18/02/2006Government Notified Sale (Normal Sale)Dwelling$196,000 28/02/1996Government Notified Sale (Normal Sale)Unknown$66,000 20/02/1991Government Notified Sale (Normal Sale)Unknown$40,000
Yes, i saw the 2007 sale price... they must have spent quite a bit to improve it overmthat 8 years... i wonder what the net profit will be after all that timemand money once a final sale price is agreed..
Worth keeping an eye out for when it sells... frank, want to have a guess at how much money they spent improving it ? My very rough guess is 200k, but its just a wild guess...
Onthehouse guess on value is only $261,900 to $295,900, but it does not take improvements... still, might be a small net profit.
And that's the sort of house that might fetch $350.
Once again the forum expert shows us all what truly first class analysis is.
So am I on ignore or not fwank? You're like a woman constantly changing her mind in this regard. Why don't you take a nice long ride on that cheap scooter of yours and clear you head. Don't take the commodore, you don't want to come with another boot load of crap from a curbside cleanup. You know how the little woman hates that.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Just peruse the first 10 or 20 listings and it's clear there is real carnage in that market. Some dumps have risen by $10 in the past few years (Yippee) but most have falling a lot. It just goes to show that waffle heard in a hotel seminar room doesn't equate to profits in the real world.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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