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Divorce accounting for 40% of sales

Discussion in 'Real Estate' started by Jacque, 17th Jun, 2006.

  1. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    If you believe what you read, then this is sad news indeed. A REA from McGrath's at Edgecliff says that divorces now account for 30-40% of his sales. And even worse when many of them bought in 03 and are now forced to sell up for less than what they paid back in the boom.
     
  2. Barracuda

    Barracuda Active Member

    Joined:
    2nd Jun, 2006
    Posts:
    29
    Location:
    Wahroonga, NSW
    We picked up our PPOR in 2001 in a divorce sale. I believe we picked up a bargain as a result. Now that I look back, may even have been able to negotiate better and get an even better bargain and bought it for less (we were very keen!).