NT YIP dodgy advertorial...

Currently, this is the top news story on YIP magazine's website..

YIP mobile

It's an advertorial probably written by the agents.

I am familiar with this property and you wouldn't touch it with a barge pole. Unit block of mixed housos/investors in the flood zone surrounded by other units 100 grand cheaper. The area is also a warzone at night with drunks and gangs roaming round.

It does have a guaranteed rental return which is great...but still that may change with a new government.

I understand the magazine needs to make a quid, but does this really need to go in "news"? Someone could get hurt.

I won't be subscribing any time soon...

 

It is a Raine & Horne development thehub.rhdarwin.com.au/developments/
Are Nightcliff / Coconut Grove suburbs on the way up?
I often enjoyed a few beers at the Nightcliff hotel back in the late 1980's

Category: | NT News
Nightcliff Seabreeze Festival
Public housing estate to be knocked down under draft development plan for Nightcliff

Cheers
PP

 

Sure! But so is the insurance (TIO was recently privatised - anything in the storm surge area is almost uninsurable now)..... And the fact that everything is overpriced. Still a fait bit more "correcting" to go on..etc.

But hey, it might turn out to be awesome.

My main problem is that this is being sold as news when in fact it is advertising for a dog of a development that has been on the market for years....

It does more harm to the magazine than good.

 

And it's back! Reversioned for the local newspaper.
Category: | NT News

Phew! We're so lucky that we have the real estate agents writing the newspaper real estate stories! For a moment there I thought we were in a terrible slump!