Friday, September 22, 2006

Bought for $262,500 in 2003, sold for $95,000 last week

Bought for $262,500 in 2003, sold for $95,000 last week

This is Sydney's cheapest unit. The one-bedroom unit in Cabramatta sold at auction last week for $95,000. In November 2003 it cost $262,500.

Posted by jerry @ 09:47 AM (587 views)
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2 thoughts on “Bought for $262,500 in 2003, sold for $95,000 last week

  • Ah Cabramatta, the roughest district in Sydney. Used to be on the local news everyday when I was over there. $262K for a 1 bed flat in crime central!

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  • We here all along how what has happened in Australia and America could not possibly happen here, and I think one of the main arguments would be the availability of land. Well if we look at it we can see in both countries most of the work exists and most people live in the large conjested cities additionally in the US salaries are much much higher and mortgages have rates kept over long periods so I would actually say that what is happening in these countries could very well happen here.

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