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

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

  1. House

    House Well-Known Member Premium Member

    Joined:
    13th Sep, 2015
    Posts:
    767
    Location:
    Sydney
    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
     
    Perthguy likes this.
  2. Azazel

    Azazel Well-Known Member

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    18th Jun, 2015
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    Location:
    Brisbane
    Sold!
    Good idea, strange lot shape. Must have been some hold outs.
     
  3. Perthguy

    Perthguy Well-Known Member

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    Perth
    I would not say no. I think they did really well.
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    Location:
    Sydney or NSW or Australia
    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
     
  5. jsoe000

    jsoe000 Well-Known Member

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    30th Jun, 2015
    Posts:
    45
    Location:
    NSW
    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?