ouch....that hurts!

  1. 559 Posts.
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    49 Dutton Terrace Medindie SA 5081

    Bought in May 2011 for $2,350,000

    http://www.onthehouse.com.au/buy/results/map/?MapSearch=1&SaveRecentSearch=yes&Suburb=49+Dutton+Terrace+Medindie+SA+5081&State=&BedroomsLeft=0&BedroomsRight=10&Bathroom

    Sold in October 2012 for $1,880,000

    http://www.realestate.com.au/property-house-sa-medindie-110849823

    $470,000 loss on property plus $140,000 for stamp duty and transfer and circa $35,000 to sell the place.

    A grand loss of $645,000 or about 27% in 17 months.




 
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