Question about a deal in QLD

Discussion in 'Where to Buy' started by JIZ, 17th Jun, 2019.

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  1. JIZ

    JIZ Active Member

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    Last edited: 17th Jun, 2019
    JIZ, 17th Jun, 2019
    #1
  2. Trainee

    Trainee Well-Known Member

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    Stca, so right now the 35 units is just a dream.
     
    Trainee, 17th Jun, 2019
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  3. JIZ

    JIZ Active Member

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    I don't see why it cannot be approved based on the land size and cases around there...
     
    JIZ, 17th Jun, 2019
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  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    could be a long term land bank while trying to get out from current oversupply

    ta
    rolf
     
    Rolf Latham, 17th Jun, 2019
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  5. Brady

    Brady Well-Known Member

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    When I click the link says sold for $920,000 not $972,000?

    Also when I check RP DATA PRO states $920,000 for both 30 & 32...

    So maybe total sale of $1,840,000 sounds reasonable?
     
    Brady, 17th Jun, 2019
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  6. JIZ

    JIZ Active Member

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    Thank you for the reply~

    Could be, but I am not convinced :p

    Hope someone can come with another angle of view to explain it.

    Each of them sold 550k in 2014 so that is 1.1m in total. Then in 2018 sold for 920k,

    If it is true. it is a failed investment. I would like to know why it is a failure.

    Need experts to enlighten me:D
     
    JIZ, 17th Jun, 2019
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  7. JIZ

    JIZ Active Member

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    Thank you Brady for pointing my mistake and looking up the sold price for me from RP Data.

    Yes it is posted as 920k, and if each of them is 920k then it is reasonable in my view as 1.84m for 2.

    920k for 2 is just unbelievable price unless there is something under table...
     
    JIZ, 17th Jun, 2019
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  8. Brady

    Brady Well-Known Member

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    $920k each make sense, did mention separate titles.
     
    Brady, 18th Jun, 2019
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  9. JIZ

    JIZ Active Member

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    Thanks again Brady for looking up the price. $920 each makes a lot more sense.
     
    JIZ, 18th Jun, 2019
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