St Leonard's Super Lot Sale- Homeowners Pocket Average of $7.3m Each

Discussion in 'Development' started by House, 1st Oct, 2015.

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  1. House

    House Well-Known Member

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    Can see this becoming more common closer to the city. Would you say no if the developer came knocking wanting to buy the family home for 3x its worth?

    http://www.news.com.au/finance/real...million-windfall/story-e6frfmd0-1227551224742

    54d0c22f56bad2bad4e24055d995bc21.jpg

    Feel sorry for the neighbours...
    a04c61fa895fca6e5ebc2f3c5d21062e.jpg
     
    House, 1st Oct, 2015
    #1
    Perthguy likes this.
  2. Azazel

    Azazel Well-Known Member

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    Sold!
    Good idea, strange lot shape. Must have been some hold outs.
     
    Azazel, 1st Oct, 2015
    #2
  3. Perthguy

    Perthguy Well-Known Member

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    I would not say no. I think they did really well.
     
    Perthguy, 1st Oct, 2015
    #3
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    The most recent sale in that block was in 2013 selling for $1.468 for over 1000m2, next other was $816k in 2012 for less than 500m2.

    Obviously some are sitting pretty with healthy gains over 2 years
     
    Scott No Mates, 1st Oct, 2015
    #4
  5. jsoe000

    jsoe000 Well-Known Member

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    wow.. great gain in 2 years for some! who knew about these rezoning stuff? Do we need to get a job at the council or have a Town Planner as your best bud and buy before any changes kick in?
     
    jsoe000, 1st Oct, 2015
    #5
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