Join our investing community

Cheapest unit in Sydney

Discussion in 'Real Estate' started by kevinb, 26th Sep, 2006.

  1. kevinb

    kevinb Well-Known Member

    Joined:
    6th Oct, 2005
    Posts:
    51
    Location:
    MENAI
  2. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    I read this story with interest, if only because the price paid in 2003 seemed so far above what the median was at the time for Cabramatta units- especially 1 bedders. Turns out that other 1 bedders in 03 were selling for $155K range so someone (probably an uninformed or especially lazy buyer) overpaid back then by $90K or so. Huge! :eek:

    It does go to show you, however, the importance of research and the ability required to not get caught up in the hype that a property boom can generate.