Posted in the Newcastle thread, but given Belmont is not part of Newcastle thought I'd repost: What do you think is happening here? It does not seem to fit in with pricing in the area https://www.realestate.com.au/property-house-nsw-belmont-123400530https://www.realestate.com.au/property-house-nsw-belmont-123400530 I talked to a real estate the other day who told me he sold it 3 months ago- very sus. Is it cheap because of flooding? Being old? Asbestos? Can't help but be suspicious. It rents out for 330 p/w long term tenant.