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Discussion in 'Development' started by RiMo, 24th Jul, 2015.

  1. RiMo

    RiMo Well-Known Member

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    Sydney
  2. blackenator

    blackenator Well-Known Member

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    Thats crazy their was another article this week where couple made 1.25 million in one year all they did was get a DA for townhouses and a developer purchased the property form them
     
  3. RiMo

    RiMo Well-Known Member

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    Sydney
    It's amazing what you can possibly achieve when you buy your PPOR or IP in the right location: good schools, good access to public transport, great amenities nearby, proximity to the CBD, future rezoning areas, big government projects such as new rail or road corridors, etc.

    A friend of mine bought a house in Schofields in 2009. She didn't even know where Schofields was back then! Her husband stumbled upon this old house that was cheap enough for them to afford it. They didn't know about the double up of the existing rail lines let alone the proposed Cudgegong Rd North West Rail Link train station. They have now more than doubled their money.
     
  4. Jacque

    Jacque Buyers Agent and Bookworm, Sydney Business Member

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    This certainly isn't the first amalgamated lot that's been sold in Castle Hill, though it's certainly one of the larger holdings from private owners. Will be interesting to see how much it sells for and to who......
     
  5. beachgurl

    beachgurl Well-Known Member

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    I know someone who owns a 1960s unit in a block of 6 at north parra that's under negotiation with a developer. There's talk that they will each get around 800k.